Amazon Web Services is minting profits

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Meanwhile revenue in the unit rose 19% from the same period a year earlier to $27.5 billion, in line with expectations.

The robust profits came even as Amazon, like its Big Tech peers, invests heavily on its own AI consumer products while also expanding its offerings of AI services and building blocks to corporate customers.

A Financial Times report says Skydio sought help from the Biden administration; as trade tensions continue between the U.S.and China, American officials have been concerned about the disruption of supply chains as leverage.

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Article Details

Author / Journalist: Andrew Nusca

Category: EconomyBusiness

Markets: United StatesChinaTaiwanUkraine

Topics: Amazon Apple iPhone Amazon Web Services Earnings Apple Drones Andy Jassy Nvidia OpenAI A.I. Intel Data Sheet

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 10:41:03 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 1266 words

Reading Time: 8 minutes read

Sentences: 60 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 23363303

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 24 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

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