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The Latest Breaking News from Amazon Web Services

Amazon beats Wall Street expectations with strong cloud business growth

Shares rise as company reports quarterly revenue of $158.9bn – more than analysts had forecast

The Guardian - US

Distraught Amazon employees send AWS chief open letter against RTO policy, calling it an ‘outright abdication’ of its role as industry leader

Hundreds of employees criticized Amazon’s leadership for making a gut decision rather than a data-driven one.

Fortune

3 Cloud Computing Stocks to Buy as the Digital Shift Expands

As the digital shift accelerates, the cloud computing market offers significant investment potential, driven by increasing digital transformation, rising infrastructure spending, and the adoption of AI. With these trends in mind, investors could consider fundamentally strong cloud computing stocks like Amazon.com (AMZN), Oracle (ORCL), and Salesforce (CRM) as the digital…

StockNews.com

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Quit if you don’t like our office-working policy, Amazon executive suggests

Matt Garman, head of AWS unit, says ‘there are other companies around’, according to transcript

The Guardian - UK

Amazon boss has a brutal response to staffers who don’t like 5-day RTO mandate: Leave

Amazon CEO Andy Jassy has told staff to be in the office five days a week, with AWS CEO Matt Garman saying staff should leave if they don’t like it.

Fortune

With AI Booming, Is Pegasystems the Software Stock to Buy Now?

Pegasystems’s (PEGA) second-quarter results easily beat analysts’ expectations. The company’s long-term prospects appear bright with continuous innovation with AI and steady financial performance. So, let’s analyze whether this is the software stock to buy now. Read more to find out.

StockNews.com

Can Microsoft Dethrone Amazon as the Leader in Cloud Computing?

Microsoft is a rising cloud contender, putting up a tough fight against Amazon. Which stock is the better buy now?

Barchart

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Intel outlines a plan to get back in the game: Pause fab projects in Europe, make the foundry unit an independent subsidiary, and streamline the x86 portfolio

Intel reviews its projects and product plans as part of the turnaround plan introduced in August.

Tom’s Hardware

AMZN in Focus: Can Amazon’s Stock Survive Rising Competition?

Amazon (AMZN), a global leader in technology and e-commerce, continues to be a focal point for investors in September 2024. After years of dominating the retail and cloud computing industries, the company's stock performance is closely watched as a barometer for both the technology sector and the broader economy. As…

inkl

Amazon To Invest GBP8 Bn In UK In Boost For New Labour Govt

US tech giant Amazon is to invest GBP8 billion ($10.5 billion) in Britain over the next five years, creating thousands of jobs via its web services arm, the company and UK government announced Wednesday.

International Business Times

AWS is spending £8 billion to boost its UK cloud business

AWS UK expansion could support up to 14,000 jobs annually.

TechRadar

Reeves announces £8bn UK investment by Amazon’s cloud computing arm

Chancellor says move will create as many as 14,000 jobs at firm’s datacentres and in a range of other industries

The Guardian - UK

Problem with Amazon going water positive

The company’s pledge to conserve water at its data centers doesn’t account for thirsty power plants they rely on

Salon

AWS will now let your business access HPC to run your biggest workloads

AWS launches Parallel Computing Service as an HPCaaS option for companies of all sizes.

TechRadar

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Windows Central

Amazon cloud boss echoes NVIDIA CEO's of coding being dead in the water with the rapid prevalence of AI sentiments: "If you go forward 24 months from now, it's possible that most developers are not coding"

Amazon Web Services CEO Matt Garman predicts a paradigm shift in coding as a career with the prevalence of AI, prompting developers to stop coding in the foreseeable future. They might need to upskill in the field to gain new skills.

Digital Camera World

Amazon's Ring outage: what happened, will it happen again, and can you still trust Ring cameras?

An Amazon server failure caused Ring camera outages this week. What happened, will it happen again, and should you still rely on Ring?

Wallpaper

Tour the Natural History Museum’s new gardens, a Jurassic lark in London

The Natural History Museum in London has unveiled two new gardens, with resident dinosaurs, after a transformation led by architects Feilden Fowles

StockNews.com

Should You Add Amazon to Your Portfolio as It Hits New Highs?

Amazon.com (AMZN) is pushing the boundaries with its AI services, from government initiatives to cutting-edge consumer tools. As the tech giant integrates AI across e-commerce and cloud computing, let’s explore whether these initiatives make it a compelling addition to your investment portfolio. Keep reading….

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news in one place.

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Tom’s Hardware

AWS Graviton4 CPU benchmarked against AMD and Intel processors — faster than predecessors and more cost-effective

Amazon's Graviton4 processors bring significant performance advantages over its predecessors and can compete against AMD's EPYC 'Genoa' and Intel's Xeon 'Sapphire Rapids' in many workloads.

International Business Times UK

Amazon Prime Day Investment Challenge: Buy Stocks As Shares Trade 6X Cheaper Valuation Vs. June 2023

Amazon's price-to-earnings ratio was 53.98 as of July 15, compared to 309.88 in late June 2023. The company is rapidly reducing operational costs through robotics, AI integration, and improving worker safety.

International Business Times

Talen Urges US Regulators To Dismiss Opposition To Amazon's Data Center Agreement

In March, Talen announced an agreement to sell electricity and a data center campus at its Pennsylvania nuclear power plant to Amazon Web Services.

Fortune

Jeff Bezos, Andy Jassy, and the next 30 years of cadabra

Will Amazon, founded 30 years ago today, be able to continue the magic for another three decades—and address its big challenges?

The Conversation

Why is Amazon building a ‘top secret’ $2 billion cloud for Australia’s military intelligence?

Amazon has secured a A$2 billion contract with the Australian Signals Directorate – the agency responsible for foreign signals intelligence and information security. A local subsidiary of Amazon Web Services will build a Top Secret Cloud to provide secure data storage for military intelligence.

International Business Times

Amazon Counts On 'Grit And Innovation' To Meet AI Surge

The AI revolution is upon us with companies around the world looking to jump headfirst into the technology made famous by ChatGPT. To satisfy their generative AI urge, firms need to secure state-of-the-art software and ramp up computing power, which quickly brings them knocking on the doors of the globe's…

TechRadar

AWS is making it easier for start-ups to use its cloud services

Amazon Web Services has doubled the amount of cloud credits certain startups can get to help them even more.

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