Amazon bullish on AWS growth, signals more investment in generative AI

Tech giant’s cloud computing arm grew customer base in Q2 despite cost-cutting among users

In its second-quarter earnings, Amazon recorded 12% year-on-year revenue growth to $22.1 billion for Amazon Web Services, its cloud computing arm. The business managed to add new customers and workloads despite seeing some users focus on cost-cutting due to the uncertain economic landscape.

Andy Jassy, CEO of Amazon, said it’s not easy to record double-digit growth on a business with an $88 billion revenue run rate.

“To still grow double digits on a base that size means that we’re acquiring a

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The IMD Wrap: Will banks spend more on AI than on market data?

As spend on generative AI tools exceeds previous expectations, Max showcases one new tool harnessing AI to help risk and portfolio managers better understand data about their investments—while leaving them always in control of any resulting decisions.

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