AWS DATA CENTERS
Amazon projects fourth quarter sales below estimates
It expects revenue of between $240.0 billion and $247.0 billion in the fourth quarter, compared with analysts' average estimate of $244.51 billion, according to data compiled by LSEG.
Amazon cloud business accelerates but shares drop on profit miss
Amazon experienced a notable decline of over seven percent in its shares following the release of its quarterly earnings, which failed to meet analyst forecasts. The tech giant reported a total revenue of $201.9 billion, revealing struggles across multiple sectors. Nonetheless, the growth of its AWS cloud division stood out as a silver lining.
Amazon layoffs hit during Prime Big Deal Days while Bezos says AI could bring 3-day workweeks and US may beat China to moon by 2028
Amazon layoffs: Amazon is cutting fewer than 1,000 white-collar jobs during Prime Big Deal Days, mainly across its Stores division. At the same time, Jeff Bezos says AI could make three-day workweeks possible and believes the US could beat China to the moon by 2028.
Microsoft beats expectations fueled by Azure cloud business
Microsoft has unveiled its impressive financial performance, reporting a revenue of $92.3 billion and profits soaring past $36.6 billion. The Azure cloud services experienced a remarkable growth of 48%, driven by an increasing demand for AI technologies. In a strategic move, the company has offered voluntary buyouts to 60,000 employees while continuing to innovate hardware aimed at enhancing AI capabilities.
Microsoft beats expectations fueled by Azure cloud business
Microsoft shares popped more than five percent Wednesday afternoon after it reported better than expected revenue and profit, fueled by its Azure cloud computing division which grew by 48 percent in the September quarter. However, Google on Wednesday reported that revenue from its cloud division doubled to $30.7 billion during the quarter, bringing it closer to Microsoft's Azure revenue, which reached $33.2 billion in the same period.
Why is Verizon stock down today? Verizon Communications Inc share price falls at US Stock Market
Verizon now expects to add between 1.1 million and 1.2 million postpaid phone subscribers this year compared with earlier projections of 750,000 to 1 million.
Verizon lifts annual forecasts, signs more than $2 billion AI infrastructure deal with AWS
Verizon is feeling positive about the growth of its wireless subscribers, raising its expectations for postpaid phone additions. The company has entered into a significant partnership with Amazon Web Services, securing an AI infrastructure agreement valued at over $2 billion. In the third quarter, Verizon reported a boost in subscribers that surpassed analyst predictions, though revenue dipped due to decreased device upgrades, as users kept their phones for longer.
Divided over Israel, Detroit Democrats unite on rising costs for midterm elections
As Detroit voters prepare for the November midterm elections, many emphasize the importance of affordability and economic concerns. Various groups, including Jewish, Muslim, and Black voters, express worries about rising costs impacting their daily lives. Abdul El-Sayed's Senate campaign faces challenges as he seeks support amidst reservations regarding his stance on certain issues. While some voters lean towards economic issues and community safety, they remain hesitant about their voting choices.
Winners of The ET Startup Awards 2026 to be feted today
Happy Friday! The who's who of the startup ecosystem will come together in Bengaluru today to honour the winners of The Economic Times Startup Awards (ETSA) 2026.
Amazon to invest $1 billion over five years in US data center communities
In a bold move, Amazon has pledged to pour more than $1 billion into the communities hosting its data centers, aiming to alleviate worries about resource consumption. Facing pushback due to environmental ramifications, the company, via Amazon Web Services, has also vowed to achieve water positivity by 2030. These steps are part of a broader strategy accompanying the expansion of its data center network across various states.
Satya Nadella addresses “IDEAS4INDIA”: Indian American Tech CEOs Forum hosted by CGI Seattle
India’s Consulate in Seattle brought together more than 40 Indian-origin technology CEOs and CTOs, including Microsoft’s Satya Nadella, to discuss ways to deepen the India-US technology partnership. The forum focused on AI infrastructure, semiconductors, quantum computing, data centres, aerospace and skilling, as US technology majors expand investments and operations in India.
Amazon's AWS is unable to restore access to Bahrain, one UAE cloud data zone after war damage
Amazon's cloud computing unit AWS said the damage in Bahrain spanned multiple so-called availability zones, which are clusters of one or more data centres in the same geographic region.
Qualcomm strikes AI chip deal with Amazon, offers right to buy about $4 billion in stock
The deal also highlights increasingly intertwined financing in the AI boom, with Qualcomm granting Amazon warrants worth about $4 billion that vest with product purchases and allow the cloud giant to buy shares at a fixed price of $161.26 apiece, according to a regulatory filing.
AI data centers are less thirsty now, tech giants say
Data centers are running into a wall of public anger in the United States over their thirst for water and power. "There are incentives," Ren said, but they have more to do with public relations amid the growing backlash to data centers across the United States.
Amazon's Chile data center moves ahead after residents lose environmental challenge
Residents near Santiago, Chile, are concerned about a new Amazon data center. They fear its impact on a cherished local hill and potential power line construction. Despite their opposition, authorities have permitted the data center to proceed. Amazon states its facility will be resource-efficient. Chile is becoming a hub for data centers, attracting significant investment.
Amazon cloud outage at North Virginia data center largely resolved
Amazon's cloud infrastructure is on the mend after an unexpected overheating incident led to outages affecting numerous services, including Coinbase. This is the second time in recent months that temperature issues have plagued their data centers. As Amazon diligently works to reinstate full service capabilities, a timeline of several hours has been projected for complete restoration.
Will AWS go down again as drones hit Amazon Web Services data centers, facility in Gulf amid US-Israel-Iran war? Cloud outage fears rise in Middle East. AWS data centers attack explained
Will AWS go down again as drones hit Amazon Web Services data centers, facility in Gulf amid US-Israel-Iran war? Amazon confirmed drone strikes damaged UAE and Bahrain sites. The incident disrupted cloud services in parts of the Middle East and raised concerns over data security and outages.
Amazon AWS UAE data centre reports fire after 'objects hit', power connection stopped as Dubai, Abu Dhabi pounded by Iran strikes
Amazon's cloud services in the UAE and Bahrain faced disruptions on Monday. This followed a fire at an Amazon data center in the UAE on Sunday, caused by unidentified objects. Authorities cut power to the affected data centers. Restoration is expected to take several more hours. The incident occurred amid regional tensions.
Amazon to invest over $5 billion in new AWS region in Taiwan
Amazon announced on Thursday the launch of its Amazon Web Services (AWS) Asia Pacific (Taipei) Region, along with a commitment to invest over $5 billion in building, connecting, operating, and maintaining data centers in Taiwan.
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