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

GeekWire

A sign inside the Google Cloud campus in Seattle’s South Lake Union neighborhood. GeekWire File Photo / Todd Bishop) Google Cloud boosted its operating profits to $395 million for the second quarter, a improvement of close to $1 billion from its loss of $590 million in the same quarter a year ago. billion, with net income of $18.4

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

GeekWire

Microsoft Photo / John Brecher) Analysts, investors, and the media are suddenly focused intensely on capital expenditures by tech giants including Microsoft, Meta, Google, and others to size up the industry’s bet on the cloud and artificial intelligence. These servers inside a Microsoft data center in Quincy, Wash.,

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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. Its founders include siblings Dario Amodei and Daniela Amodei, who led OpenAI’s engineering and policy/safety teams, respectively. billion purchase of Whole Foods in 2017 and its $8.5 ”

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

GeekWire

Feaster co-founded the startup eight years ago with Przemek Pardyak , who left the company in 2016 and is now a senior engineering manager at Google. She joined Google in 2020 as a senior director for Google Cloud, and left the company in July 2023. The company reported a net loss of $22 million for its most recent quarter.

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Amazon’s carbon footprint shrank 3% last year — but AI-driven climate challenges loom

GeekWire

It called out the addition of 77 new signatories to The Climate Pledge, an initiative launched by Amazon in which entities commit to hitting net-zero carbon by 2040. Microsoft and Google both marked significant increases in their carbon emissions last year, with Microsoft’s footprint growing 20% and Google’s expanding 13%.

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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 announcement also underscores the rising importance of generative AI as a must-have functionality in the low-code market.

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