Microsoft and Amazon are capitalizing on AI growth beyond cloud computing, driving revenue and efficiency.

From Nasdaq: 2024-09-21 04:50:00

Both Microsoft and Amazon are benefiting from the AI boom in their cloud computing segments, Azure and Amazon Web Services (AWS). Azure revenue grew 29% last quarter, while AWS revenue jumped 19%. Both companies are integrating AI into various parts of their businesses to drive growth and efficiency. Microsoft introduced Copilot assistants for platforms like GitHub, driving revenue growth and expanding its AI reach. The company recently unveiled enhanced Copilots for Microsoft 365 tools, providing users with AI-powered features for improved productivity. Amazon is leveraging AI in less visible ways, such as generating customer review highlights and optimizing logistics with AI-driven route planning. These initiatives boost sales and drive cost savings for the e-commerce giant. Both Microsoft and Amazon are leaders in AI and cloud computing, poised for long-term growth amidst the AI revolution.



Read more at Nasdaq: As Microsoft and Amazon Look to Benefit From AI Outside of Cloud Computing, Are the Stocks Buys?