The Hindu·3 min read·medium
Amazon beats expectations with cloud and AI growth
A
AFP
✦AI Summary
Amazon reported strong second-quarter growth, with revenue rising 20% to over $200 billion, driven largely by its cloud and AI divisions. CEO Andy Jassy emphasized the company's commitment to developing its own AI models while maintaining partnerships with other AI firms.
Amazon beat analysts' expectations on Thursday when it reported growth in overall revenue and sales, particularly in its cloud, artificial intelligence and chips divisions.
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