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Amazon stock rises, then drops after beating Q1 estimates with $127.4B in revenue

GeekWire

Net income was $0.31 Analysts were closely watching Amazon Web Services as it is a key profit driver but has faced slowing growth amid the broader tech spending slowdown and other macroeconomic conditions. Amazon Web Services: Amazon’s cloud business was up 16% at $21.3 Amazon reported $127.4 per share, or $3.2

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Amazon employee survey reveals concerns about company’s climate leadership and enviro impacts

GeekWire

As AI use is ramping up, Amazon Web Services and fellow hyperscale data center companies such as Microsoft and Google are making big investments in their computing capacity and expanding their electricity demands. “Our commitment to being net zero carbon by 2040 is unwavering and we’re really proud of the progress we’ve made.”

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Amazon sustainability report: Carbon emissions rose 19% in 2020 as pandemic drove huge revenue

GeekWire

But at the same time, the company last year lowered its carbon intensity, a measure of carbon pollution per dollar earned, edging slightly towards its pledged goal to reduce its net carbon footprint to zero by 2040. The second-largest source was from “other indirect emissions” such as third-party transportation and packaging.

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Amazon stock jumps 7% after Q2 earnings beat estimates with $134.4B in revenue

GeekWire

Net income was $0.65 Olsavsky added that inflation headwinds continue to ease, notably in fuel prices and other transportation expenses. Amazon Web Services: Amazon’s cloud business was up 12% at $22.1 Amazon reported $134.4 billion in second quarter revenue, up 11% year-over-year. per share, or $6.7 billion, up from $3.3

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Amazon renewable power leader on AI’s energy strain, a political dust-up in Oregon, and more

GeekWire

As the retail, cloud and entertainment giant strives to reach net zero carbon emissions by 2040, most of its carbon cuts so far have come from its shift to renewables. ” Charley Daitch, the Amazon Web Services director of energy and water strategy. “And we moved in a really meaningful way to do that.”

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Read Jeff Bezos’ shareholders letter: Amazon founder focuses on employee welfare, comments on union vote

GeekWire

What’s next: Bezos will step down as CEO in the third quarter of this year, replaced by Amazon Web Services chief Andy Jassy. Amazon Web Services serves millions of customers and ended 2020 with a $50 billion annualized run rate. Our net income in 2020 was $21.3 “I’m an inventor. More than 1.9

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Tech and hockey vet Todd Humphrey on his dream job with Seattle Kraken, ‘the nirvana of all startups’

GeekWire

The peculiar moniker was a naming-rights purchase by Amazon , a first for the tech giant, whose influence will be felt in green initiatives throughout the net zero carbon building. Instead of focusing heavily on content, the app will drive efficiency around such things as transportation, ticketing and transactions.

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