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AWS revenue growth stabilizes with a boost from generative AI-led services

CIO

AWS posted a stable 12% revenue growth in the third quarter of 2023 buoyed by demand for generative AI-led services, despite customers trying to optimize their cloud spending. The new workloads, according to Jassy, are mostly related to AI and generative AI. Amazon Web Services, Generative AI

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Daily Crunch: Falling short of analysts’ estimates, Warner Bros. Discovery posts $2.1B net loss for Q4 2022

TechCrunch

Ai, ai, AI: Natasha L reports how Voicemod tools up with $14.5 million to ride the generative AI (sonic)boom. Pic, pic, pic : South Africa’s Envisionit Deep AI gets $1.65 net loss for Q4 2022 by Christine Hall originally published on TechCrunch Rebecca has more. Discovery posts $2.1B

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Google Cloud growth slows as Alphabet net income plunges

CIO

Even though Google Cloud revenue growth showed signs of slowing, it nevertheless provided something of a bright spot as parent company Alphabet — hit hard by the tightening of customer budgets — posted a year-over-year decline in net income for its 2022 fourth quarter. Net income (profit) was $13.6 billion, up just 1% from $75.3

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In the corner office, fear of GenAI risk outweighs the lure of its promise

CIO

That’s because, with the fast-paced evolution and imminent adoption of generative AI, the role of CIOs and CTOs has become both exciting and invigorating, but also more complicated and unpredictable. Nearly half (46%) of those surveyed believe they risk falling behind if they don’t adopt generative AI as quickly as possible.

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Generative AI Models Explained

Altexsoft

The image you see has been generated with the help of Midjourney — a proprietary artificial intelligence program that creates pictures from textual descriptions. Neural nets can create images, video, and audio content that not every person can. We just typed a few word prompts and the program generated the pic representing those words.

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JLR revs up AI and intelligent automation initiatives

CIO

Anthony Battle is leaning heavily on AI and IA — artificial intelligence and intelligent automation — to deliver digital transformation at luxury auto maker Jaguar Land Rover. Battle joined JLR as group chief digital and information officer in February 2022, after a long career managing IT for a succession of oil companies.

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CarMax drives business value with GPT-3.5

CIO

Generative AI such as ChatGPT has of late captured the imagination of business leaders across industries. The combination of CarMax’s revolutionary digital business model applied to the used-car business with revolutionary AI tools available to all makes for powerful and profitable business outcomes. billion overall.