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Amazon's AWS cloud computing unit cuts at least hundreds of jobs - The Economic Times

Economic Times

Economic Times · 1m ago

Amazon's AWS cloud computing unit cuts at least hundreds of jobs - The Economic Times

Amazon's AWS cloud computing unit has cut hundreds of jobs, as confirmed by an Amazon spokesperson, amid broader corporate efforts to reduce costs and enhance efficiency through automation and AI. This reduction follows CEO Andy Jassy's warning about workforce adjustments due to AI tool adoption. Amazon is among several companies, including Microsoft and Meta, making layoffs this year. The decision is part of AWS's strategy to optimize resources while maintaining innovation and sales growth.

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Amazon to invest 15.7 billion euros in Spain

Economic Times

Economic Times · 1y ago

Amazon to invest 15.7 billion euros in Spain

Amazon's cloud computing division AWS is investing 15.7 billion euros to expand its data centers in Spain's Aragon region. The investment follows similar announcements in Germany and France this month. AWS initially planned to invest 2.5 billion euros in Aragon in 2021, but has now increased its commitment. The investment is expected to create around 17,500 indirect jobs in the region and highlights Spain's appeal as a strategic tech hub. While AWS currently dominates the cloud computing market with a 31% share, rivals Microsoft and Google are gaining ground.

AWS plans $8.3 billion investment in cloud infrastructure in Maharashtra by 2030

Economic Times

Economic Times · 7m ago

AWS plans $8.3 billion investment in cloud infrastructure in Maharashtra by 2030

Amazon Web Services (AWS) plans to invest $8.3 billion in expanding cloud infrastructure in Maharashtra's AWS Asia-Pacific (Mumbai) Region by 2030. This investment aims to boost cloud computing capacity and create over 81,300 full-time jobs annually in the local data centre supply chain. The plan is part of AWS's broader $12.7 billion investment in India's cloud infrastructure, formalized through a memorandum of understanding with Maharashtra at the World Economic Forum in Davos.

Amazon's AWS to invest $15 billion to expand cloud computing in Japan

Economic Times

Economic Times · 1y ago

Amazon's AWS to invest $15 billion to expand cloud computing in Japan

Amazon's cloud computing arm, Amazon Web Services (AWS), is planning to invest $1.5 billion to expand its cloud infrastructure services in Japan. This investment is aimed at meeting the increasing demand for cloud services in the country and enhancing the reliability and speed of the services provided by AWS. With this move, Amazon is looking to solidify its position in the Japanese market and capitalize on the growing demand for cloud computing solutions.

UK to publish provisional report on cloud computing in January

Economic Times

Economic Times · 8m ago

UK to publish provisional report on cloud computing in January

The UK's competition regulator, the CMA, has revised the timetable for its cloud computing investigation. Instead of releasing the provisional findings this month, they will be published in January. The final decision will be made in July. This investigation is focused on the dominance of Amazon's AWS, Microsoft's Azure, and Google Cloud Platform in the cloud computing market.

Amazon unveils its first quantum computing chip

Livemint

Livemint · 6m ago

Amazon unveils its first quantum computing chip

Amazon's cloud-computing arm, AWS, introduced its first quantum computing chip, Ocelot, aiming to enhance quantum error correction by up to 90%. This marks a significant development in quantum computing, although practical, commercial systems remain years away. The chip, a prototype for error correction testing, signifies Amazon's strides in quantum technology, joining peers like Microsoft and Google in addressing quantum challenges. Despite progress, industry skepticism persists regarding error reduction solutions in quantum systems.

Amazon, built by retail, invests in its AI future

Livemint

Livemint · 1y ago

Amazon, built by retail, invests in its AI future

Amazon is planning to invest over $100 billion in data centers over the next decade, prioritizing its cloud computing and artificial intelligence (AI) infrastructure. The move reflects the company's recognition of the importance and high costs of AI in driving future growth. The increased investment in data centers is part of Amazon's shift towards an era where cutting-edge cloud equipment is more crucial for growth than expanding its network of retail warehouses. Amazon's cloud business, AWS, has consistently been a profitable area for the company, and AI is expected to further boost demand for its cloud computing services.

Race for AI isn't zero-sum, says Amazon cloud boss

Economic Times

Economic Times · 1y ago

Race for AI isn't zero-sum, says Amazon cloud boss

Amazon's cloud chief, Adam Selipsky, disagrees with critics who claim that Amazon is falling behind in the race to develop generative artificial intelligence (AI). Selipsky believes that there won't be a single model to dominate the field, and Amazon Web Services (AWS) already offers multiple AI models for different use cases. While competitors like Microsoft and Google are gaining ground in the cloud computing market, AWS continues to invest in AI innovations, such as its Trainium chips and Amazon Bedrock platform. Selipsky remains confident that Amazon will remain a leader in cloud computing. AWS customers and partners, including Nvidia and Pfizer, are already leveraging generative AI to improve productivity and customer interaction.

Amazon to invest extra 10 billion euros in Germany

Economic Times

Economic Times · 1y ago

Amazon to invest extra 10 billion euros in Germany

Amazon has announced plans to invest an additional 10 billion euros ($10.7 billion) in Germany, primarily in cloud computing. The investment will be made by the company's cloud computing division AWS, with a portion also going towards logistics, robotics, and office spaces. This comes after Amazon's recent announcement of a 7.8 billion euro investment in building a sovereign cloud center in Germany. The move aims to alleviate concerns about data transfer to other jurisdictions. Amazon's investments in Germany will also lead to the hiring of thousands of new employees, bringing the total number to around 40,000 by the end of the year.

End of an Era Amazon's EC2-Classic Service Concludes After Nearly 17 Years

Business Bytes

Business Bytes · 1y ago

End of an Era Amazon's EC2-Classic Service Concludes After Nearly 17 Years

The retirement of EC2-Classic, Amazon Web Services' (AWS) initial infrastructure-as-a-service offering for cloud computing, marks a momentous milestone in AWS's cloud journey. The closure of the final EC2-Classic instance on August 15 signifies the end of nearly 17 years of this foundational service. It's important to note that Amazon's presence in the cloud computing sector goes beyond this event, as the company commands the largest share of Arm server CPUs worldwide.

Amazon is laying off hundreds of workers in its healthcare division

Techradar

Techradar · 1y ago

Amazon is laying off hundreds of workers in its healthcare division

Amazon is reportedly cutting hundreds of jobs at its health-focused companies, One Medical and Amazon Pharmacy. This move suggests that the company may be reevaluating its strategy in the healthcare sector. Following the acquisition of One Medical in 2022 and PillPack in 2018, Amazon has been aiming to expand its presence in the healthcare industry. However, with these job cuts, it seems that Amazon's foray into medical billing and telemedicine may not be yielding the desired results. The exact number of job cuts has not been disclosed, but it is part of a larger round of job cuts happening at Amazon.

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