For Amazon, its cloud business AWS accounted for 18% of its revenue in the April-June quarter and Microsoft’s Intelligent Cloud unit that houses Azure contributed 44% to overall revenue.

Amazon stock is increasingly seen as a reasonable value. While the company has historically traded at negative or triple-digit price-to-earnings ratios, its valuation metrics are improving. The ...

Competition between the two old rivals is heating up when it comes to cloud and AI dominance.

(Reuters) -Google-parent Alphabet's breakout cloud sales in the July-September quarter bode well for top cloud providers ...

The logo of e-commerce company Amazon prime is pictured on a parcel ... as the generative AI race with Microsoft and Google ...

“Google has gone through great lengths to obfuscate its involvement, funding, and control, most notably by recruiting a ...

Amazon.com is in talks for its second multi-billion dollar investment in artificial intelligence startup Anthropic, the ...

Both companies seek new sources of carbon-free electricity to meet surging demand from data centers and artificial intelligence.

Amazon reported a boost in its quarterly profits Thursday and exceeded revenue estimates, sending the company’s stock up in ...

Amazon reported $1.43 earnings per share and $158.9 billion in revenue, beating analyst expectations of $1.14 earnings per ...

Leading FinOps automation platform helps organizations reduce cloud costs, generating over $1.5B in lifetime savingsAUSTIN, ...

In a turnaround from last year's record low growth sales rate, Amazon Web Services — the firm's AI-driven cloud platform — maintained stable momentum. Cloud revenues rose 19%, and CEO Andy ...