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Amazon’s online store sales dip below 40% of net sales for first time, and other earnings notes

GeekWire

The chart below is what Amazon’s net sales look like in raw numbers over the past several years, broken down into the major business segments reported by the Seattle-based company. Here are the same results, expressed as a percentage of net sales. Amazon Web Services posted revenue of $22.1

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Amazon sales of $113B disappoint Wall Street but profits of $7.8B exceed expectations

GeekWire

Amazon posted net sales of 113.1 The result was within the range of the company’s previously issued guidance of net sales between $110 billion and $116 billion. However, Wall Street analysts had expected Amazon to report overall net sales of $115 billion, on average, a 29% increase year-over-year. billion or $15.12

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Amazon sales come up short, profits nearly double

GeekWire

Speaking with reporters on a conference call, Brian Olsavsky, Amazon’s chief financial officer, said average selling prices (ASP) are declining amid cautious consumer spending. In the realm of artificial intelligence, Amazon is spending significant sums to expand its Amazon Web Services cloud infrastructure.

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

GeekWire

Dario Amodei, co-founder and CEO, Anthropic, at the 2023 Fortune Brainstorm Tech conference in Park City, Utah. The investment and expanded partnership includes a commitment by Anthropic to make Amazon Web Services its main cloud provider. Photo by Stuart Isett/Fortune, Creative Commons BY-NC-ND 2.0 , via Flickr.) ”

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Google Cloud posts second straight profitable quarter on 28% revenue growth

GeekWire

On a conference call with analysts, Google and Alphabet CEO Sundar Pichai credited the growth to factors including the use of Google Cloud infrastructure by customers for training and delivering generative AI models. .” billion, with net income of $18.4 Google Cloud revenue rose 28% to more than $8 billion in the second quarter.

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Pega GenAI brings more LLMs to low-code automation workflows

CIO Business Intelligence

Pegasystems has announced plans to expand the capabilities of its Pega GenAI enterprise platform by connecting to both Amazon Web Services (AWS) and Google Cloud large language models (LLMs). The new services are currently on display at PegaWorld INspire annual conference taking place this week in Las Vegas.

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Jeff Bezos commits $1 billion to conservation as Amazon destroys the world

Vox

Nature is our life support system and it’s fragile,” the billionaire said Monday at a press conference. “I Meanwhile, Amazon Web Services (AWS) uses massive amounts of energy to keep its servers online. And that expensive trip to space he just took ? Bezos says it was enlightening.

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