Amazon fourth-quarter cloud revenue falls just shy of Wall Street estimates
Summary
The company said in a statement that Amazon Web Services generated $28.79 billion in revenue. AWS remains larger than any other cloud infrastructure provider, ahead of Microsoft and Google . Its two closest peers also missed expectations on cloud revenue for the fourth quarter. The division remains a key provider of cash for the company, supplying just over half of its profit. During the quarter, AWS leader, Matt Garman, told CNBC that Apple has used Amazons custom chips to run artificial intelligence models and experimented with next-generation Amazon AI training processors.
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