amazon web services

With each day passing, we are seeing more generative AI platforms being introduced. As these tools are made easily accessible the competition within the market has grown with competitors like Midjourney and Adobe. Keeping the ever-growing user demand in mind, Stability AI has launched its improved version of the image generation model, Stable Diffusion XL 1.0. The company claims that the current model is its most advanced offering in the segment. However, there are some ethical issues still persistent in the…

Ace was for the stock, as investor focus shifts to the company's faster-growing and profitable cloud-computing unit.mazon.com Inc.'s annual Prime Day shows that e-commerce isn't the driver it onIn the past four years, the stock has fallen in the week of the two-day sale in which the retail giant discounts swathes of items. The first four years beginning in 2015 saw Amazon shares average a gain of more than 2% in the week of the event, according to data compiled by Bloomberg. The focus on cloud computing has only…

Led by Microsoft, global revenue for the public cloud services market reached $545.8 billion last year, an increase of 22.9 per cent over 2021, according to a new report.Top 5 public cloud service providers - Microsoft, Amazon Web Services, Salesforce, Google, and Oracle - captured more than 41 per cent of the worldwide total and growing 27.3 per cent year over year, according to the latest IDC data.With offerings in all four deployment categories, Microsoft remained in the top position in the overall public cloud…

Lina Khan's Federal Trade Commission has already filed three cases against Amazon.com Inc. Now she's gearing up for the Big One.In the coming weeks, the agency plans to file a far-reaching antitrust suit focused on Amazon's core online marketplace, according to documents reviewed by Bloomberg and three people familiar with the case. The main allegation is expected to be that Amazon leverages its power to reward online merchants that use its logistics services and punish those who don't. FTC investigators and Khan's…

Amazon.com Inc.'s cloud unit is building a program to help customers develop and deploy new kinds of artificial intelligence products as the biggest seller of cloud services tries to match Microsoft and Google in the market for so-called generative AI.Amazon Web Services is investing $100 million to set up the AWS Generative AI Innovation Center, which will link customers with company experts in AI and machine learning. They'll help a range of clients in health care, financial services and manufacturing build customized…

Cisco Systems on Tuesday launched networking chips for AI supercomputers that would compete with offerings from Broadcom and Marvell Technology.Chips from its SiliconOne series are being tested by five of the six major cloud providers, Cisco said, without naming the firms. Key cloud players include Amazon Web Services, Microsoft Azure and Google Cloud, which together dominate the market for cloud computing, according to Bofa Global Research. The rising popularity of AI applications such as ChatGPT, which is powered by a…

Binance, the world's biggest cryptocurrency exchange, and Binance.US have entered into an agreement with the U.S. Securities and Exchange Commission to ensure that U.S. customer assets remain in the United States until a sweeping lawsuit filed this month by the regulatory agency is resolved.The agreement, disclosed in court papers filed late on Friday, still requires the approval of the federal judge overseeing the litigation. To make certain that U.S. customer assets do not go offshore, the agreement allows only…

Twitter will soon begin paying verified content creators for ads in their replies, company owner Elon Musk has said. Meanwhile, a separate report claimed that Twitter has refused to pay Google Cloud bill which risks trust and safety services of the company.Creators will get advertising cut Musk announced that “X/Twitter will start paying creators for ads served in their replies” in a few weeks. He also announced that the first block of payment is $5 million, which means that the company will pay a total of $5 million to…

Twitter has refused to pay its Google Cloud bills as its contract comes up for renewal this month, which could result in the social media company's trust and safety teams being crippled, Platformer reported on Saturday.Before Elon Musk's takeover of the social media platform last year, Twitter signed a multi-year contract with Google related to fighting spam and protecting accounts, among other things, the report said. The Platformer report did not give details on how the conflict between the companies could hinder…

There’s a cloud hanging over Amazon’s cloud business with Puneet Chandok, a key executive, set to leave Amazon Web Services by the end of August. This and more in today’s ETtech Top 5.Also in this letter:■ ETtech Deals Digest■ E-scooter sales cross 1-lakh mark■ ONDC CEO on scaling up the networkAWS India & South Asia head Puneet Chandok resigns Puneet Chandok, Amazon Web Services’ (AWS) commercial business president for India and South Asia, has resigned and will leave the company effective August 31,…