AI push sees AWS results hit new high as cloud demand soars

3 weeks ago

(Image credit: Future / Mike Moore)

Amazon has reported an 11% maturation successful gross successful its latest quarterly results arsenic profits proceed to soar for nan ecommerce and unreality giant, which is teetering towards a $2 trillion valuation.

The beardown maturation is mostly down to nan company's unreality computing succes, pinch AWS reporting a 19% year-over-year maturation successful revenue.

At $27.5 billion, Amazon Web Services’ third-quarter gross equates to astir a 5th (17.3%) of nan company’s full revenue.

AWS pushes Amazon revenue

Operating income for AWS reached a caller milestone of $10.45 billion, accounting for much than three-fifths of nan wide company’s profit, pinch an operating separator of 38.1%, nan highest successful a decade.

In nan aforesaid period, Google Cloud revenues accrued 35%, marking overmuch healthier maturation than that of Amazon’s, nevertheless Google’s unreality section gross is only $11.4 cardinal – little than half of AWS’.

Since Amazon’s erstwhile net call, AWS has launched a bid of caller genAI products, including its Rufus shopping adjunct successful Canada, France, Germany, India, Italy, Spain and nan UK; AI Shopping Guides; Project Amelia for sellers; and video procreation and unrecorded image capabilities for advertisers.

It besides added Anthropic’s upgraded Claude 3.5 Sonnet, Meta’s Llama 3.2, Mistral Large 2, and aggregate Stability AI models to Bedrock and signed agreements pinch world companies for illustration Capital One, T-Mobile and Toyota.

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“We’ve seen important reacceleration of AWS maturation for nan past 4 quarters," Amazon CEO Andy Jassy summarized connected nan company’s net call.

While unreality shows nary signs of slowing down, Amazon is besides anticipating maturation crossed its ecommerce business successful nan adjacent 3 months. The engaged festive period, driven by a fistful of awesome user sales, will beryllium met by nan impermanent hiring of seasonal unit globally.

Jassy added that “there’s truthful overmuch much coming” including “over 100 caller unreality infrastructure and AI capabilities,” which will beryllium shared astatine nan upcoming re:Invent convention successful December 2024.

Via Geekwire

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With respective years’ acquisition freelancing successful tech and automotive circles, Craig’s circumstantial interests dishonesty successful exertion that is designed to amended our lives, including AI and ML, productivity aids, and smart fitness. He is besides passionate astir cars and nan decarbonisation of individual transportation. As an avid bargain-hunter, you tin beryllium judge that immoderate woody Craig finds is apical value!

Source Technology