Amazon to boost spending on AI and other technology by $20 billion after strong Q2 results
Amazon said it will be increasing this year’s capital spending on technology, mostly artificial intelligence, by an additional 10% after the tech and e-commerce giant delivered strong profits and net sales during for fiscal second quarter, helped by surging growth in its prominent cloud computing unit. The Seattle-based company said Thursday that sales in its cloud computing unit called AWS rose 37% during the April-June period, faster than the 28% clip in the previous quarter and marking the fastest rate of growth in 18 quarters.
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Amazon to boost spending on AI and other technology by $20 billion after strong Q2 results Why it matters: Latency changes affect UX and cost envelopes. Revalidate timeout budgets and route-level fallbacks. Source: Telecomliveweb https://a2zai.ai/bytes/amazon-to-boost-spendi...
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