The leading cloud infrastructure provider has lined up significant capital expenditure to catch up with the generative AI pace set by Google and Microsoft.
Amazon Web Services is in a bit of a pickle.
Earlier this month, Amazon.com Inc. announced its financial results for its second quarter of 2023. The AWS segment’s sales increased 12% year-on-year, reaching $22.1 billion. However, the growth rates of AWS have dropped substantially over the last three quarters—from 20% to 16% to 12% this quarter. AWS’s operating income has also declined for three consecutive quarters. This is even more worrying since the AWS division has been a growth driver for Amazon over the years (of its other two, the North America segment rebounded from Q2 operating income losses last …
Abhishek writes on technology trends, gadgets and SMBs, and has over a decade of experience—both as an industry watcher as well as a participant. He quit Microsoft in 2011 to become an independent digital consultant, and to write more, travel randomly, watch a lot of movies and wake up late on weekdays.
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