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The Latest Breaking News from Amazon Web Services

AWS CEO Matt Garman on startups, nuclear power, and soaring AI compute costs

Amazon Web Services CEO Matt Garman spoke to Fortune about the cloud giant’s startup strategy.

Fortune

AWS reveals $10bn cloud and AI investment in Ohio, bringing hundreds of jobs

Amazon Web Services will have invested $23 billion in Ohio by 2030 following announcement of new $10 billion funding.

TechRadar

Amazon investing another $10 billion in Ohio-based data centers

Amazon Web Services will invest another $10 billion to bolster its data center infrastructure in Ohio

The Independent UK

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Amazon-hosted AI tool for UK military recruitment ‘carries risk of data breach’

Ministry of Defence says risk with Textio tool is low and ‘robust safeguards’ have been put in place by suppliers

The Guardian - UK

Weak demand prevents Amazon from deploying AMD's Instinct AI accelerators in the cloud — the company plans to strengthen its portfolio with Nvidia Blackwell GPUs

Amazon Web Services does not see enough demand for AMD's Instinct MI300-series accelerators for AI and HPC to deploy them in the cloud.

Tom’s Hardware

Amazon says developers spend 'just one hour per day' on actual coding

The company announced Amazon Q Developer, an AI tool designed to eliminate some of developers’ more tedious tasks.

Fortune

Data Sheet: Are you not entertained?

It could help quiet critics who argue Amazon is playing catch-up in the AI wars.

Fortune

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Amazon’s new AI cloud strategy is ripped straight from the e-commerce playbook that built a $2 trillion juggernaut

AWS is betting that an AI model marketplace with low prices and wide selection will be the key to success.

Fortune

Amazon Stock Moves Higher As AWS Unveils New AI Advancements: What You Need To Know

Amazon.com Inc (NASDAQ:AMZN) shares are trading higher Tuesday. Amazon Web Services made a slew of announcements at its re:Invent 2024 conference, including the general availability of Trainium2, new database capabilities, Bedrock updates and new foundation models. Here's what you need to know.

Benzinga

Amazon Web Services Mix Of Marvell And Trainium Still Trails Nvidia: Analyst

Bank Of America analyst maintains Buy rating on Amazon with $230 price target. AWS and Marvell deepen collaboration for AI and data products.

Benzinga

Claude AI: The new (virtual) assistant who can plan your holidays and code a website

The latest chatbot to hit the market is Anthropic’s response to ChatGPT: a sleeker, more elegant assistant named Claude who could even lay claim to a moral compass

Evening Standard

How Oracle Got Its Mojo Back. What's Behind The AI Cloud Push Powering Its 80% Stock Gain.

Oracle stock has rallied 80% this year, with the enterprise tech giant emerging as an AI favorite for Wall Street.

Investors Business Daily

Cerebras video shows AI writing code 75x faster than world's fastest AI GPU cloud — world's largest chip beats AWS's fastest in head-to-head comparison

Llama 3.1 405B runs at nearly a thousand tokens a second on Cerebras Inference, and took a quarter of a second to get the first token.

Tom’s Hardware

Tencent Cloud To Take On Big Three With WeChat's Integrated Super App Ecosystem

Tencent Cloud CEO Dowson Tong reveals plans to revolutionize cloud computing with WeChat's integrated super app ecosystem, challenging dominant players Amazon, Google, and Microsoft

International Business Times

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The Guardian - US

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

Fortune

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.

Investors Business Daily

Amazon Has 'Never Been Stronger.' Why Some Investors Are Uneasy Heading Into Q3 Report.

Amazon stock is still digging out from a summer slump ahead of its Q3 earnings report Thursday. Here's what to watch.

StockNews.com

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…

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news in one place.

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The Street

Amazon exec has tough words for employees over return to office

Matt Garman, CEO of Amazon Web Services, has responded to recent complaints about the company’s new return-to-office policy.

Investors Business Daily

Is Amazon Stock A Buy? Tech Giant Named A Top 2025 Pick

Amazon stock is hovering near all-time highs, but still has room to run according to analysts.

The Guardian - UK

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

Fortune

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.

Investors Business Daily

Amazon Stock Falls After Rare Downgrade. Watch Out For These 'Multiple Headwinds'

Amazon stock fell in Monday trading after the tech behemoth got a rare downgrade from an analyst, citing headwinds for margin growth.

StockNews.com

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.

Barchart

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?

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People

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