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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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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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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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Amazon’s total Washington state employment declines for the first time, new numbers show

GeekWire

The net decrease in the state comes as Amazon builds up its workforce in downtown Bellevue, but sees its overall employment decline at its main headquarters campus north of downtown Seattle. The net decline in Washington state comes as Amazon spreads its workforce across what it calls its “Puget Sound headquarters.”

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Capital spending soars in the cloud as Microsoft, Google, and others bet big on AI demand

GeekWire

It’s a different beast, in part because its overall capital expenditures include not only its Amazon Web Services data centers but also fulfillment centers and other e-commerce facilities. billion in 2022 to $24.8

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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.