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Amazon.com, Inc. reported a 10% increase in net sales for Q2 2024, reaching $148.0 billion. The North America segment saw a 9% rise, while AWS experienced a significant 19% growth. Operating income surged to $14.7 billion, reflecting a strong recovery compared to the previous year.
The company highlighted its advancements in AWS, emphasizing its role in cloud modernization and AI capabilities. Notable achievements included the launch of AI-powered features and partnerships with various companies to enhance AI applications. Amazon's commitment to sustainability was also evident, with all operations powered by 100% renewable energy.
• AWS growth driven by cloud modernization and AI opportunities.
• Amazon launched multiple AI-powered features for consumers.
AWS is highlighted as a leader in cloud services, particularly in AI capabilities.
The article mentions AWS leveraging Generative AI opportunities for cloud modernization.
Amazon's AWS offers advanced AI tools like SageMaker and Bedrock.
com, Inc. is a multinational technology company focusing on e-commerce, cloud computing, and AI. The company is recognized for its significant advancements in cloud services and AI applications.
is an electric vehicle manufacturer known for its innovative technology. Amazon's investment in Rivian reflects its interest in sustainable transportation solutions.
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Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.
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