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AWS revenue growth stabilizes with a boost from generative AI-led services

CIO Business Intelligence

The growth in the quarters before showed a constant decline, sliding from a robust 33% growth in the second quarter of 2022 to a mere 16% growth in the first quarter of 2023. However, Amazon CEO Andy Jassy said that these cost optimization efforts have continued to “attenuate as more companies transition to deploying net new workloads.”

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Buyer’s guide: Data protection for hybrid clouds

Network World

Misconfigurations: In the public cloud model, the hyperscalers (such as Amazon Web Services, Google Cloud, and Microsoft Azure) are responsible for protecting their own infrastructure, but the enterprise using them — you — is responsible for properly configuring and managing its own data in the cloud.

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Smartsheet stock soars 15% as Q3 revenue grows 46% to $144M

GeekWire

million and non-GAAP net loss per share was $0.03, beating expectations. Smartsheet, which sells collaboration work management software, raised its full-year projections as fiscal year 2022 revenue is expected between $544 to $545 million. . Customers include Cisco, Meta, Adobe and Amazon Web Services.

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Amazon pours up to $4B into AI startup Anthropic, escalating rivalry with Microsoft and Google

GeekWire

The investment and expanded partnership includes a commitment by Anthropic to make Amazon Web Services its main cloud provider. billion purchase of Hollywood studio MGM in 2022 , and comparable to its $3.9 billion purchase of Hollywood studio MGM in 2022 , and comparable to its $3.9 ”

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Top 10 countries attracting international tech talent

CIO Business Intelligence

But capital city Ottawa is also rising, reporting around 94,100 tech employees in 2023, up from 81,200 in 2022, according to the CBRE’s annual ranking of Canadian and US tech hubs. Tech talent makes up just over 15% of total tech employment in Ottawa, compared to 11.6% in the San Francisco Bay Area.

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Tech Moves: Tomo co-founder steps down; Usermind co-founder joins Ironclad; ex-Google director back at Microsoft

GeekWire

The company raised $40 million at a $640 million valuation in 2022 but laid off staff later that year amid a rocky real estate market. Ironclad raised a $150 million Series E funding round in 2022. The company reported a net loss of $22 million for its most recent quarter. It recently expanded into home search. Jenna Jorgensen.

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Inside Nasdaq’s AI-fueled pivot to SaaS provider

CIO Business Intelligence

The company, which reported net revenues of $3.6 billion in 2022, derives roughly 30% of its business from its markets, trading, and exchange business — and about 40% from software sales and licensing. By the end of 2022, annualized SaaS revenues exceeded $700 million, representing more than a third of Nasdaq’s recurring revenues.

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