AWS COMPUTING
Amazon cloud giant AWS wants public sector to embrace AI
Amazon's AWS, the world's biggest cloud computing outfit, is making a major push to entice the public sector to join the artificial intelligence revolution, as the generative AI race with Microsoft and Google heats up. The scramble for public sector adoption of generative AI comes as Microsoft's cloud business as well as Google Cloud are trying to bite into AWS' leadership of the market.
Amazon crosses $2 trillion in stock market value for the first time
Amazon.com Inc. crosses $2 trillion market value, influenced by AI applications and investments in AWS growth, Anthropic, and business-focused AI products like AI models and chatbot Q.
Amazon to invest extra 10 billion euros in Germany
Amazon said Wednesday it will invest an additional 10 billion euros ($10.7 billion) in Germany, most of it in cloud computing, the US tech giant's latest major investment in Europe. A total of 8.8 billion euros will come from Amazon's cloud computing division AWS and will be invested in southwest Germany by 2026, with the rest going into logistics, robotics and company offices.
Amazon pledges $230 million to boost generative AI startups
The initiative will offer early stage companies AWS cloud computing credits, mentorship, and education to enhance their use of AI and machine learning technologies, according to the company. Participating startups will gain access to AWS computing, storage, database, and custom AI chip services through these credits.
Amazon pledges $230 million to boost generative AI startups
Cloud computing giant Amazon Web Services on Thursday announced a $230 million commitment aimed at accelerating the development of generative artificial intelligence applications by startups worldwide. The training of generative AI models behind apps such as ChatGPT requires an immense amount computing power that quickly depletes the cash reserves of startups.
Amazon adds $230 million in cloud credits to AI startups
Amazon's $230 million investment in AWS credits for generative AI startups includes access to computing power and infrastructure. The company's focus on AI startups aims to enable quick iteration and pivoting.
- Go To Page 1
Ola is shifting its IT ops to Krutrim from AWS cloud
This comes two weeks after Ola founder Bhavish Aggarwal snapped ties with Microsoft Azure after LinkedIn deleted his post related to "pronoun illness" of western AI models. Experts, however, say that losing Ola as a customer for AWS and Microsoft is only a needle in the haystack.
Amazon in talks with Italy to invest billions in cloud plan
Amazon's AWS in talks with Italy to invest billions in expanding data centre business, boosting cloud offer in Europe.
It’ll take time to leverage full potential of GenAI: : TCS’ AI-Cloud biz head
Siva Ganesan, head, TCS’ AI.Cloud business unit told ET that upskilling of the workforce, reimagining core business processes, focusing on return on investments and conforming to regulatory needs are some of the challenges that organisations face with GenAI.
Nvidia profits soar on demand for AI power
Nvidia said Wednesday its quarterly net profit rocketed by seven times year-on-year on demand for its chips to power artificial intelligence in data centers. The California-based company reported a net profit of $14.9 billion, while its revenue of $26 billion was almost four times what it took in during the same fiscal quarter last year.
Amazon to invest 15.7 billion euros in Spain
Amazon's cloud computing division AWS will invest 15.7 billion euros ($17 billion) to expand its data centres in Spain's Aragon region through to 2033, the US tech giant said Wednesday. Amazon in 2021 had planned to invest 2.5 billion euros in Aragon, where it has three data centres.
AWS makes Amazon Bedrock available for developers in India
Making the announcement at the AWS Summit Bengaluru, the global technology giant has piloted the service with Indian organisations such as Healthify, L&T Technology Services (LTTS), Max Life Insurance, GupShup, Fibe, Happy Fox, ShellKode and Yellow.ai.
Amazon triples quarterly profit as cloud surges
Ecommerce titan Amazon on Tuesday said profit in the first three months of 2024 tripled as its cloud, ads, and retail businesses thrived. "While the core e-commerce business is no longer the biggest growth driver, it remains an essential component of the Amazon flywheel, particularly in propelling its ad business," Droesch said.
Microsoft's AI lead puts Amazon cloud dominance on watch
Microsoft leads in cloud market with AI tools like Copilot, while Amazon and Google-parent Alphabet lag. Azure revenue growth surpasses Amazon Web Service. Morgan Stanley expects major revenue from Copilot in 2025.
Race for AI isn't zero-sum, says Amazon cloud boss
As Google races with Microsoft and OpenAI to create world-changing generative artificial intelligence, some critics see Amazon as lagging behind. Microsoft and Google compete with their in-house, AI-infused digital assistants to help with creating content -- emails, presentations, ads -- and applications (especially chatbots).
Google unveils Arm-based chip in fight with rivals to make cloud computing more affordable
The new custom silicon chip processor, which is already powering YouTube ads, Google Earth Engine and other Google services, will become available for customers later in 2024.
AWS, EkStep Foundation partner to develop digital public goods
Amazon Web Services India and EkStep Foundation have established a Joint Innovation Center (JIC) to develop digital solutions for public service delivery such as digital public goods (DPGs) and digital public infrastructures (DPIs).
Exclusive: Malabar eyes Sugar stake; India’s deep tech policy coming soon
India-focused Malabar Investments is in talks to pick a Rs 80-100 crore stake in Sugar Cosmetics via a secondary deal. This and more in today's ETtech Morning Dispatch.
'AWS working with Indian startups to solve for world'
Cloud major looking to export ‘great ideas’ from here, says Gaurav Arora, director and head of startup business in Asia Pacific and Japan at AWS.
Amazon's AWS to invest $15 billion to expand cloud computing in Japan
The investment comes as Japan's government and corporate sector race to catch up in AI development. Prime Minister Fumio Kishida met with the heads of ChatGPT creator OpenAI and advanced chipmaker Nvidia in the past year to discuss AI regulation and infrastructure.
Amazon's AWS appeals to corporate customers with new chatbot, AI safety measures
The new chatbot, called Q, is designed to help with productivity by helping workers summarize important documents and support tickets and chat via communication apps such as Slack, the company announced at its annual cloud computing conference Tuesday in Las Vegas.
Tech Mahindra to build sports cloud platform on AWS
The platform will build next-generation digital capabilities for sports organisations and deliver immersive sports experiences worldwide.
AWS partners ISRO, IN-SPACe to boost space-tech innovations in India
The collaboration, said the Amazon's Cloud subsidiary, will give space startups, research institutes and students access to cutting edge cloud technologies that accelerate the development of new solutions in the space sector.
Amazon to invest $7.2 billion in Israel, launches AWS cloud region
Amazon's cloud services in the region will allow the country's government to run applications and store data in data centres located in Israel.
Amazon is investing another $7.8 billion in Ohio-based cloud computing operations
Amazon's profitable cloud business will invest roughly $7.8 billion by the end of 2029 to expand its data center operations in central Ohio, state leaders announced Monday, further advancing the state's efforts to establish itself as the Midwest's technology hub.
Dark cloud over ChatGPT revolution: the cost
When Microsoft, which poured billions of dollars in investment into OpenAI, was asked about how much its AI adventure will cost, the company answers with assurances that it is keeping an eye on its bottom line.
Interview | AWS CEO on $12.7 billion India investment, ChatGPT challenge, and how cloud tech will enable $5 trillion economy goal
India remains a “bright spot” amid a period of unprecedented global uncertainty, where businesses are increasingly turning conservative, according to CEO Selipsky.
AWS India to contest tax demand on cloud income
The department has contended that receipts from cloud computing services were in the nature of royalty and fee for technical services and were taxable in India.
Load More
