"Throughout October and November, many of America's largest companies will report their results for the quarter that ended Sept. 30. Folks on Wall Street will be particularly focused on the leaders of the artificial intelligence (AI) boom, because those businesses have the potential to generate faster revenue and earnings growth than most of the rest of the market."
"Amazon (NASDAQ: AMZN) is one of them, and it's scheduled to report its third-quarter results on Oct. 30. The company has taken a diversified approach to AI, deploying more than 1,000 applications across its e-commerce, cloud computing, streaming, and digital advertising businesses to boost its efficiency and create new opportunities to generate revenue."
"Amazon Web Services (AWS) is the largest cloud infrastructure provider in the world, with a 30% market share according to Statista's last report. It offers hundreds of services to help businesses thrive in the digital age, but it's also at the heart of Amazon's AI strategy. Through AWS, the company wants to dominate the three core layers of AI: infrastructure (data centers and chips), large language models (LLMs), and so"
Amazon holds dominant positions across e-commerce, cloud computing, streaming, and digital advertising while deploying AI broadly. The company has integrated more than 1,000 AI applications across its businesses to boost efficiency and create revenue opportunities. Amazon Web Services (AWS) is the largest cloud infrastructure provider with roughly 30% market share and serves as the core of the AI strategy. AWS targets key AI layers including infrastructure and large language models. Amazon's diversified AI deployment is driving a surge in earnings. The company is scheduled to report third-quarter results on Oct. 30, with a history of beating expectations.
Read at Aol
Unable to calculate read time
Collection
[
|
...
]