Cloud

“Once In A Lifetime Opportunity”: Amazon To Spend $100 Billion On AI, Cloud

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E-commerce giant Amazon reported strong earnings Thursday but, like its big tech peers Microsoft and Google, saw its stock price fall on concerns over high AI investment costs. The mounting expenses of data-intensive artificial intelligence and its infrastructure have cast a shadow over this earnings season, with only Facebook owner Meta winning Wall Street’s approval.  … Read more

Microsoft Shares Slide as Cloud Forecast, AI Spending Disappoint

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Microsoft on Wednesday forecast disappointing growth in its cloud computing business, sending its shares down 4.5 percent in after-hours trading as investors worry about big spending, elusive artificial intelligence revenue and competition from cheaper AI models from China. Azure results for the fiscal second quarter also fell below Wall Street expectations. Despite beating quarterly overall sales estimates, investors want better results from the hundreds of … Read more