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Amazon posts AI-fueled cloud, ecommerce growth – ETCIO SEA – ETCIO South East Asia

Amazon posts AI-fueled cloud, ecommerce growth – ETCIO SEA – ETCIO South East Asia

Corporate 2 min read To bolster its cloud business and in response to Microsoft’s promised $10 billion investment in ChatGPT parent OpenAI, Amazon is spending up to $4 billion in chatbot-maker Anthropic.Representative image(Reuters) -Amazon.com beat fourth-quarter revenue expectations on Thursday as newgenerative AIfeatures in itscloudand ecommerce businesses spurred robust growth during the critical holiday period.Investors cheered the results, sending Amazon… 

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