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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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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. It wasn’t all good news for the cloud business, however.

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AWS hopes for a savior in AI as revenue growth continues to slow

CIO

The 12% growth in the second quarter is slower than the 16% and 20% growth seen in the first quarter of 2023 and the fourth quarter of 2022 , respectively. For the third and second quarter of 2022, AWS reported that its business grew by 27.5% Revenue growth for AWS continued to be on a constant decline. and 33% respectively.

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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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IHG maximizes hospitality with multicloud

CIO

Turner helps drive that success by wearing two hats for the company: He oversees a product-driven organization that must develop and deliver innovative services out to hotel owners and guests continuously even as his teams continue to build out IHG’s internal technology stack and services. The company’s Speech AI managed more than 3.6

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AES enlists AI to boost its sustainable energy business

CIO

American utility and power company AES launched a renewable energy program in mid-2022 that is not only reducing its carbon footprint but adding wealth to its coffer. The project, dubbed Farseer AI Generation Forecasting and Market Automation Program, was developed by a handful of AES data scientists in partnership with Google.

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CoreWeave, a GPU-focused cloud compute provider, lands $221M investment

TechCrunch

But it pivoted within the last several years to general-purpose computing as well as generative AI technologies, like text-generating AI models. ” It’s tough for any cloud provider to compete with the incumbents in the space — i.e., Google, Amazon and Microsoft. billion and $26.28