
Inside the Conclave: 10 Fascinating Facts About the Secretive Process to Elect a New Pope
Section: Politics
Amazon has announced an ambitious plan to invest approximately $100 billion in infrastructure this year, primarily focused on expanding its data centers dedicated to artificial intelligence (AI). The company has reported that the demand for computing power from IT clients has surged to such an extent that its cloud division, Amazon Web Services (AWS), is facing capacity constraints.
As the world's largest online retailer and a leading provider of cloud infrastructure, Amazon's recent quarter saw a significant investment of $26.3 billion in infrastructure development. CEO Andy Jassy indicated that these capacity issues are expected to ease in the latter half of the year, aided by increased chip deliveries and improved energy supply. Other major tech firms, such as Microsoft, which collaborates with OpenAI, have also expressed similar concerns regarding insufficient capacity to meet their customers' AI demands.
Despite these investments, Amazon's stock experienced a decline after the company provided a revenue forecast for the current quarter that fell short of investor expectations. The company's shares dropped by over four percent in after-hours trading following the announcement. However, Amazon did exceed analysts' expectations for the previous quarter, reporting a revenue increase of ten percent year-over-year, totaling $187.8 billion, and nearly doubling its profit to $20 billion. The revenue from AWS, which has benefited from the AI boom, rose by 19 percent to $28.8 billion, aligning with forecasts.
Looking ahead, Amazon has projected revenues for the current quarter to fall between $151 billion and $155.5 billion. This forecast contrasts with analyst expectations, which averaged around $158 billion. The company attributed the anticipated shortfall to the strengthening U.S. dollar, which is expected to reduce international revenue estimates by approximately $2 billion.
Section: Politics
Section: Health Insurance
Section: Health
Section: Health
Section: Politics
Section: News
Section: Business
Section: Science
Section: Politics
Section: News
Health Insurance in Germany is compulsory and sometimes complicated, not to mention expensive. As an expat, you are required to navigate this landscape within weeks of arriving, so check our FAQ on PKV. For our guide on resources and access to agents who can give you a competitive quote, try our PKV Cost comparison tool.
Germany is famous for its medical expertise and extensive number of hospitals and clinics. See this comprehensive directory of hospitals and clinics across the country, complete with links to their websites, addresses, contact info, and specializations/services.
Join us for an exciting evening of jazz at the EMMAUSKIRCHE on Sunday, May 25, 2025, from 19:00 to 20:30. Experience fresh sounds from the talented young jazz quintet led by Anton Sigling from Harlaching. This group features award-winning musicians from the Federal Competition 'Jugend jazzt' and...
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