E-commerce giant Amazon has warned investors about the decelerating growth in its cloud computing division, Amazon Web Services (AWS), even as the company implements aggressive cost-cutting measures and invests in artificial intelligence.
Elon Musk’s Twitter is reportedly coming under fire from Amazon for refusing to pay its $70 million bill for cloud servicess despite relying on Amazon Web Services for major parts of Twitter’s operations. Amazon is reportedly threatening to withhold advertising revenues from Musk’s platform in response.
Amazon Suffers Massive Web Services Crash, Shutting Down Services Like Disney+
UK spy agencies have inked a billion-dollar deal with Amazon to host classified information on the tech giant’s cloud computing apparatus.
Amazon Web Services CEO Andy Jassy dismissed employee concerns over the company’s “Rekognition” facial recognition contracts with the U.S. government and law enforcement during a meeting.
Amazon has a China problem, because they have agreed to do business in a way that may end up compromising Amazon’s intellectual property.
