AWS annual revenue run rate hits $100 billion as growth accelerates
AWS delivered Q1 operating income of $9.4 billion on revenue of $25 billion, up 17% from a year ago.
AWS delivered Q1 operating income of $9.4 billion on revenue of $25 billion, up 17% from a year ago.
The headliners for Amazon Q are Amazon Q Developer, a coding assistant, Amazon Q Business, designed to make employees more productive, and Amazon Q Apps, which are part of Amazon Q Business and can automate business tasks.
The ability to import custom models and evaluate them plays into the broader themes of generative AI choice and orchestration. AWS' Bedrock bet is that enterprises will use multiple models and need a neutral platform to orchestrate them.
Amazon CEO Andy Jassy said AWS is underway building "primitive services," or discrete building blocks, for generative AI and that approach will ensure customers bring more workloads to the cloud service.
Matt Wood, Vice President of AI at AWS, outlined how enterprises will mix and match multiple models depending on use case, the need for orchestration and how regulated industries may have an advantage in adopting genAI.
Amazon Web Services' fourth quarter revenue was $24.2 billion, up 13% from a year ago, and below the 30% and 26% growth rates put up by Microsoft Azure and Google Cloud, respectively.
Intuit has 500,000 data points per small business. "We see all the money coming in, all of the money going out, all the transactions," says Intuit CEO Sasan Goodarzi. "We're not new to this game of AI, and particularly it was machine learning and knowledge engineering."
Hyperscalers are getting chippy as they compete for generative AI workloads.
"Cost awareness is a lost art. We need to regain that art," said Amazon CTO Dr. Werner Vogels.
The two companies said they will focus on use cases in manufacturing, supply chain, call centers and cloud transformation.
To that end, here are a some of the announcements that team Constellation Research thought were interesting even if they didn't get all the attention.
Amazon Web Services made the case at re:Invent that it should be your complete AI stack with Amazon Q, a horizontal generative AI tool that will be embedded throughout AWS and backed up with Amazon Bedrock and infrastructure for model training and inference powered by Trainium and Inferentia processors.