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Amazon fourth-quarter cloud revenue falls just shy of Wall Street estimates
Amazon Web Services (AWS) CEO Matt Garman delivers a keynote address during the AWS re:Invent conference in Las Vegas on Dec. 3, 2024. Noah Berger | Getty Images Entertainment | Getty Images Amazon said Thursday that revenue growth from its cloud-computing business slowed slightly to just under 19% year over year in the fourth quarter, […]
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Amazon’s advertising business grew 18% in the fourth quarter
An Amazon warehouse and distribution centre in an industrial park in Montreal, Quebec, Canada, on Thursday, Sept. 1, 2022. Graham Hughes | Bloomberg | Getty Images Amazon’s online advertising business logged $17.29 billion in the fourth quarter, up 18% from a year ago. Analysts polled by StreetAccount were expecting Amazon to report ad revenue of […]
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Amazon issues disappointing revenue forecast, points to weakest growth on record
Amazon CEO Andy Jassy speaks at the Bloomberg Technology Summit in San Francisco on June 8, 2022. David Paul Morris | Bloomberg | Getty Images Amazon reported better-than-expected earnings and revenue for the fourth quarter, but it gave disappointing guidance for the current period. The stock slipped in extended trading. Here are the numbers: Earnings: […]
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CNBC Daily Open: Consecutive stock gains signal calm, but heed Fed officials
The seal of the U.S. Federal Reserve Board of Governors near the Marriner S. Eccles Federal Reserve building in Washington, D.C., U.S., on Sunday, Jan. 12, 2025. Samuel Corum | Bloomberg | Getty Images If investors were to judge the stability of the economy by looking at the stock market, its two-day winning streak might […]
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CNBC Daily Open: Back-to-back gains in stocks signal calm, but listen to Fed officials
The Marriner S. Eccles Federal Reserve building in Washington, DC, U.S., on Sunday, Jan. 12, 2025. Samuel Corum | Bloomberg | Getty Images If investors were to judge the stability of the economy by looking at the stock market, its two-day winning streak might lead investors to think that it’s business as usual. The market’s […]
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Google opens its most powerful AI models to everyone, the next stage in its virtual agent push
Jaque Silva | SOPA Images | Lightrocket | Getty Images Google on Wednesday released Gemini 2.0 — its “most capable” artificial intelligence model suite yet — to everyone. In December, the company gave access to developers and trusted testers, as well as wrapping some features into Google products, but this is a “general release,” according to Google. […]
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Alphabet expects to invest about $75 billion in capital expenditures in 2025
Sundar Pichai, CEO of Google and Alphabet Inc., speaks at the inaugural 2024 Business, Government, and Society Forum at the Stanford Graduate School of Business in Stanford, California, U.S., April 3, 2024. Carlos Barria | Reuters Alphabet CEO Sundar Pichai said the company is planning another big year of spending as it continues to build […]
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Reid Hoffman enters ‘wondrous and terrifying’ world of health care with latest AI startup
Reid Hoffman, Partner at Greylock and co-founder LinkedIn, speaks during the WSJ Tech Live conference hosted by the Wall Street Journal at the Montage Laguna Beach in Laguna Beach, California, on October 21, 2024. Frederic J. Brown | Afp | Getty Images LinkedIn co-founder and venture capitalist Reid Hoffman became a billionaire from his business […]
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DeepSeek shocked the AI world this week. Here’s how tech CEOs responded
Microsoft CEO Satya Nadella commented on its “real innovations.” OpenAI’s Sam Altman described it as “clearly a great model.” Apple CEO Tim Cook said “innovation that drives efficiency is a good thing.” And Palantir’s Alex Karp said it shows the importance of “an all-country effort.” The tech CEOs were all talking about China’s DeepSeek, which […]
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Europe stocks open in the green to extend record high; traders digest dovish ECB messaging
French inflation held at 1.8% in January French inflation came in at 1.8% in January on a preliminary basis, steady on the previous month, statistics agency Insee reported Friday. Economists polled by Reuters expected a reading of 1.9%. The figure is adjusted for comparison with other euro zone countries. National German inflation figures are due […]
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