Microsoft Could Topple Amazon's Cloud Dominance, Thanks to AI
by Tech Times
Tech Times— Microsoft's AI lead could be the driving factor in helping it topple Amazon's dominance in cloud services.
ETtech.com—Microsoft's AI lead puts Amazon cloud dominance on watch. Upcoming quarterly reports from U.S. tech giants may show Microsoft is closing the gap on cloud-computing market leader Amazon.com as more businesses switch to its services, attracted by a clutch of generative AI features that are powered by OpenAI's technology. The Redmond, Washington-based software giant has beaten rivals Amazon and Google-parent Alphabet to the market with AI services including the Copilot, a set of genAI tools that work in Microsoft's business apps, that was rolled out in...
ETtech.com—Eye on AI: AI boosts growth for cloud giants, US newspapers sue Microsoft, OpenAI. AI BOOSTS GROWTH FOR CLOUD GIANTSIn the January-to-March quarter, Amazon’s cloud computing arm Amazon Web Services, Microsoft’s Azure and Google Cloud grew at 17%, 31% and 28%, respectively, the companies reported. Analysts said this was a sign that AI is contributing to the growth and that overall cloud spending is also accelerating, Reuters reported. On the other hand, Meta CEO Mark Zuckerberg in its earnings call emphasised the company’s longterm investment in AI, which led to its shares...
MSPoweruser—Cloud and AI give Microsoft a very strong Q3 result. Microsoft’s quarterly sales and profit exceeded expectations, thanks to strong demand for the company’s cloud computing and artificial intelligence products. Just this week, Microsoft announced deals with Coca-Cola and Cognizant. Revenue for the third quarter, which ended March 31, rose 17% to $61.9 billion, while profit was $2.94 per share. Analysts had expected earnings per […]