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The Latest Breaking News from Amazon Web Services

Amazon’s answer to ChatGPT seen as incomplete

Amazon.com Inc.’s cloud customers are clamoring to get their hands on the ChatGPT-style technology the company unveiled six weeks ago. But instead of being allowed to test it, many are being told to sit tight, prompting concerns the artificial intelligence tool isn’t fully baked.

Tribune News Service

How High Could Amazon Stock Rise?

Amazon stock has see impressive gains in 2023, already up close to 40% year-to-date. Can the e-commerce and cloud computing leader continue to deliver market-beating gains to long-term investors?

Barchart

Andy Jassy Thinks AI Can Save Amazon’s Troubled Cloud Business

Amazon's AWS is equipped with AI that can help daily businesses that use it for data purposes helping it's cloud business.

Zenger

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AWS and Microsoft Azure dominate cloud computing. But could Google Cloud beat them in Web3?

"They see an opportunity, and there's people who need cloud services, and so they formed a verticalized team," says Andrew Boone, a research analyst at JMP Securities.

Fortune

Amazon Web Services rolls out new hiring restrictions

In a leaked memo, AWS tells hiring managers about new constraints in place to control headcount growth.

Fortune

Strong Earnings Results Boost Stocks

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Friday closed up +0.83%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.80%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.65%. Stock indexes Friday posted moderate gains, with the S&P...

Barchart

Stocks Push Higher on Strength in Corporate Earnings

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.53%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.44%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.40%. U.S. stock indexes this morning are moderately higher, with...

Barchart

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Markets Today: Stocks Continue Their Rally

Morning Markets The S&P 500 Index ( $SPX ) ( SPY ) today is up +0.46%, the Dow Jones Industrials Index ( $DOWI ) ( DIA ) is up +0.40%, and the Nasdaq 100 Index ( $IUXX ) ( QQQ ) is up +0.30%. U.S. stock indexes are moderately higher,...

Barchart

Markets Today: Weakness in Tech Stocks Weighs on Stock Index Futures

Morning Markets June E-Mini S&P 500 futures (ESM2 3) this morning are down -0.29%, and June Nasdaq 100 E-Mini futures (NQM2 3) are down -0.22%. U.S. stock index futures this morning are moderately lower. Weakness in technology stocks is weighing on the overall market after Amazon.com gave up a +12%...

Barchart

Economic Uncertainty Weighs on Cloud-Computing Divisions at Amazon and Microsoft

Demand for highly profitable cloud-computing services has slowed as businesses cut spending due to economic uncertainty. As a result, earnings for Amazon.com (AMZN ) and Microsoft (MSFT ) may be affected when they report their quarterly results next week. Analysts are projecting the slowest revenue growth for both companies’ cloud-computing...

Barchart

Building a digital dividend

Some 80% of Thai organisations that employ workers with advanced digital skills report higher annual revenue growth, but 94% of organisations are struggling to hire enough of these talents, according to a study by Amazon Web Services (AWS).

Bangkok Post

AWS CEO warns of some potential big changes this year

Amazon’s not all that bothered about the short-term wobbles, it seems, as CEO Andy Jassy looks to the future.

TechRadar

Amazon cloud's big AI play

Amazon Web Services wants to be the foundation for businesses to build their generative AI applications.

Axios

Tagboard Cloud Production Studio Adds Adobe, AWS Integrations

Updated product promises faster production, better monetization

Broadcasting & Cable

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The Guardian - UK

Amazon and Microsoft face referral to UK regulator over cloud services market

Ofcom proposes to refer sector to CMA amid ‘significant concerns’ about behaviour of some providers

Newsroom.co.nz

US tech giant Amazon draining Auckland wetlands to build big cloud data centre

Secret plans for the location of Amazon Web Services' new cloud computing facility reveal the planned removal of a dabchick nesting site, reports Jonathan Milne.

Newsroom.co.nz

Amazon cloud to buy half the output of wind farm – is this new renewable power?

The data giant says it's giving back to NZ – giving back renewable electricity, giving back water, giving back jobs and investment. What it's not giving back is much in the way of tax. Jonathan Milne reports.

The Guardian - AU

Amazon Web Services to invest $13bn in expanding Australian cloud computing

Tech giant says expansion of Sydney and Melbourne data centres will bring in 11,000 full-time jobs

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TechRadar

BT teams up with AWS in IoT and 5G push

BT and AWS to work together on new 5G solutions, IoT offerings, and more.

Barchart

Amazon Priced at a Premium to Peers

Although the valuation of Amazon.com (AMZN ) has fallen significantly with the other mega-cap technology stocks, it still commands a hefty premium to its peers. Priced at 34 times profits expected over the next 12 months, Amazon has the most expensive valuation among mega-cap technology stocks. Moreover, the valuation for...

TechRadar

BT and AWS are fusing 5G and cloud tech to connect businesses on the move

New multi-million-pound deal combines AWS cloud with BT 4G/5G infrastructure.

Evening Standard

Amazon lays off another 9,000 employees to cut costs

Amazon is to let go of another 9,000 employees worldwide as the e-commerce giant ramps up its cost-cutting measures. #The announcement was made to employees of the firm in a note by CEO Andy Jassy, who said workers in the Amazon Web Services, human resources, advertising and Twitch units would…

Multichannel News

Future Names 2023 ‘40 Under 40’ for L.A. TV Week

Execs on the rise will be celebrated on June 21 at Sofitel Los Angeles in Beverly Hills

Chicago Sun-Times

Dream a little stream: The future of sports viewing is immersive

Games broadcast on linear TV don’t allow for specialization. Streaming provides the opportunity for viewers to choose what they want to see.

AAP

Australia's tech cloud keeps expanding

Amazon is the latest international tech company to launch a new cloud data region in Australia and experts say it won't be the last.

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