CEO Andy Jassy said growth at the e-commerce and cloud service giant has been hampered by bottlenecks in computing and power ...
Amazon’s chief executive had predicted the company would spend more in 2025 than the roughly $83 billion it spent last year.
The results echoed the slowdown at Microsoft and Alphabet-owned Google, and highlighted how U.S. cloud-computing giants were ...
Amazon.com shares fell 4% on Friday after the technology heavyweight's quarterly cloud computing revenue growth disappointed ...
Chief Executive Officer Andy Jassy, determined to turn Amazon into an AI supermarket, is spending big to retain the company’s edge in cloud-computing services. Still, he warned growth would be “lumpy” ...
The rapid growth of cloud computing and artificial intelligence has fueled demand for data centers that need power to run ...
AWS has not been able to match the growth of Amazon’s competitors, with Microsoft Corp.’s Azure and Alphabet Inc.’s Google ...
Amazon’s increased spending comes after a few years of cost-cutting from the company. Jassy announced layoffs in 2022 that ...
NEW YORK – Amazon.com Inc. warned investors that it could face capacity constraints in its cloud computing division despite ...
CEO Jassy said the supply of chips — from third parties and Amazon’s own chip design unit — and power capacity are limiting ...