Amazon's Cloud Unit Reports 28% Revenue Growth, Exceeding Analyst Estimates
Amazon's cloud unit, AWS, reported 28% revenue growth in Q1, reaching $37.59 billion, surpassing analyst expectations. The unit now contributes over 21% of Amazon's total revenue, though it faces growing competition from Microsoft and Google in the AI-driven cloud market. AWS also announced significant investments in Anthropic and OpenAI.
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Topics: AI investment Amazon AWS cloud computing earnings growth Google Microsoft