Amazon said Thursday that its cloud unit Amazon Web Services grew revenue by around 16% in the first quarter of this year, a slightly more rapid growth than analysts had estimated. Revenue from AWS totaled $21.35 billion, representing about 17% of Amazon’s overall earnings, according to Amazon’s earnings statement. Analysts surveyed by StreetAccount had anticipated $21.22…
Electric car sales increased to more than 10 million in 2022, with China accounting for around 60% of the market, according to a report released by the International Energy Agency. The record sales figures for electric cars continue a trend of continuous growth for the industry. The IEA’s report said, “Electric car sales — including…
Google has been investing a lot of money into its cloud-computing business to compete with Microsoft and Amazon. Those high investments are ultimately turned into a profit. Alphabet said that Google’s cloud-computing business is profitable for the first time after years of heavy investment. According to Alphabet’s earnings statement, “The segment generated $191 million in operating income…
Google and Alphabet CEO Sundar Pichai said every product of every company will be impacted by the rapid development of AI, warning that society needs to prepare for technologies like the ones it’s already launched. Pichai said, “We need to adapt as a society for it. Jobs that AI would disrupt would include knowledge workers, accountants, architects,…
