AI News
Amazon Cloud Business Surges 28% as Capital Spending Soars to $59.3 Billion
Amazon’s cloud business is growing at its fastest rate in nearly four years. But that growth comes with a steep price tag. On Wednesday, Amazon reported first-quarter earnings that beat Wall Street expectations. The company’s cloud division, Amazon Web Services (AWS), posted net sales of $37.6 billion. That represents a 28% year-over-year increase. AWS has […]
