Amazon announced its fifth consecutive quarterly profit yesterday, and its third consecutive record-setting profit. Revenue increased 31 percent; sales rose to $30.4 billion from $23.19 billion. The company’s cloud computing division, Amazon Web Services, accounted for an impressive 56 percent of Amazon’s operating income, and it grew 58 percent in the last quarter. “The results show Amazon moving toward investors’ long-held hope of consistent profitability after a lengthy period of heavy investments and quarterly losses,” notes The Wall Street Journal. “Overall, Amazon posted a second-quarter $857 million profit, or $1.78 a share, compared with $92 million, or 19 cents a share, a year earlier.” Continue reading Amazon Posts Record Profit and Significant Growth for AWS

Amazon is testing an as-of-yet unannounced new cloud service that will let businesses run a wider range of artificial intelligence software on its computers, say people close to the situation. This move puts Amazon, which launched Amazon Web Services in a limited offering in this area last year, in closer competition with Google, Microsoft and IBM, which have already launched various cloud services. The new service will help development of pattern recognition, speech transcription and other robust applications. Continue reading Amazon Creating New Cloud Services for Artificial Intelligence

Boosted by Amazon Web Services, Amazon just posted its most profitable quarter in its nearly 22-year history. The company’s revenue is often on a roller coaster; for Q1 2016, it showed net income of $513 million ($1.07 a share), compared to losses of $57 million (12 cents a share) in the same quarter last year. Revenue has bumped to $29.13 billion from $22.72 billion a year ago, with share prices rising more than 12 percent. This compares with less-than-stellar Q1 reports from Apple, Google, Microsoft and Intel. Continue reading Amazon Profits from AWS, Doubles-Down on Original Content

Silicon Valley has dubbed machine learning and artificial intelligence as the next big thing. Today’s tsunami of data has created the need to make sense of it, quickly and efficiently. Although recent focus has been on giant public clouds from Amazon, Google and Microsoft, now those companies’ abilities to use AI to parse all that data has become the latest arena of competition. All three companies are now striving to define the next gen platform, with Google in the lead and Microsoft and Amazon playing catch up. Continue reading Amazon, Google and Microsoft Race to Dominate AI Platform

Until now, Google has been third, behind Amazon and Microsoft, in the fast-growing market of cloud computing services. That all changed at its NEXT conference in San Francisco when the company showcased a variety of cloud-based services including software for machine learning, a powerful new speech service that challenges Nuance’s dominance, and a recently introduced vision service. Google also plans to expand places where people can purchase its cloud services from four regions to 16 in the next year-and-a-half. Continue reading Google Makes its Move to Become a Player in Cloud Services

The Entertainment Technology Center@USC hosted a discussion on next-generation cloud workflows, featuring toolsets and specific technologies. Led by ETC’s cloud project lead Erik Weaver, the conversation began with the real-world case study for post production in the cloud implemented by Los Angeles post facility DigitalFilm Tree. That company’s CTO/managing partner Guillaume Aubuchon led the audience through the workflows put in place to handle productions taking place in “remote parts of Asia and Africa.” Continue reading HPA Tech Retreat: Next-Gen Cloud Workflows Hosted by ETC

Netflix became one of the largest companies to move all its information technology to Amazon Web Services’ public cloud platform, completing a process that began seven years ago. The company says that, among hundreds of IT functions in the cloud, it’s moved business logic, distributed databases, big data processing and analytics, recommendations and transcoding apps to the AWS servers, and shut down its last on-premise data center. The shift to cloud services also helped Netflix expand to 130 more countries. Continue reading Netflix Pioneers Upcoming Trend of Moving IT to Public Cloud

As big companies such as General Electric and Netflix close down their data centers and move operations to the cloud, Amazon and Microsoft are enjoying rising revenues in their cloud operations — and increasing competition between each other. In the process, they’re also gaining dominance over rivals including Google and IBM. Recently, GE has reported whittling down its reliance on data centers from 34 to four. Netflix closed its last data center at the end of last summer. Continue reading Amazon, Microsoft Lead Boom in Cloud Services for Enterprise

Amazon’s growth is impressive — but it still, apparently, does not meet investors’ high expectations. With profits in Prime and Amazon Web Services, the company just delivered the largest quarterly profit in its 20-year history, but its shares plummeted 15 percent in after-hours trading, erasing more than $30 billion in market value. Shareholders were perhaps spooked by a 20.5 percent jump in operating costs, to $34.6 billion. Yet Amazon still out-performed other tech titans, including Alphabet, Apple and Facebook. Continue reading Amazon Doubles Market Value, Plans to Launch Music Service

Facebook announced yesterday that it plans to shutter Parse, its toolkit and support platform for mobile developers the company hoped would serve the Internet of Things and lead to a cloud business that could compete with Amazon, Google and Microsoft. Parse provides developers with support and tools that enable programmers to write code rather than spend valuable time maintaining the back end. Users of the platform include developers at productivity app Quip and Expedia’s travel website Orbitz. The social giant paid a reported $85 million to acquire Parse in 2013. Continue reading Facebook Makes Decision to Shutter Services Platform Parse

Cisco released new data that shows some companies may not know the extent of their employees’ usage of external cloud computing services, instead of the employer’s in-house cloud services. The practice of using systems inside organizations without approval is called “Shadow IT.” According to Cisco, there is 70 percent more Shadow IT activity than there was six months ago. Cisco gathered the data by surveying CIOs and running software that could track cloud activity. Unauthorized cloud usage could pose serious security threats. Continue reading Cisco Reveals Unauthorized Cloud Usage Trend in Companies

Several Silicon Valley technologists and tech companies will invest at least $1 billion in OpenAI, a nonprofit research center in San Francisco with a long-term goal of creating open-source “artificial general intelligence,” a machine capable of performing any task that a human can. Among the investors are Elon Musk, Peter Thiel and Reid Hoffman. One chief focus of the group’s members is to ensure that the resultant technologies augment rather than replace humans, and are used for good. Continue reading Silicon Valley Titans Invest $1 Billion to Establish AI Non-Profit

Artificial intelligence is moving into the mainstream and the San Francisco-based Sentient is one example of how it’s working. The company most recently built a visual search service for an online footwear company, Shoes.com, and also worked with Saint Michael’s Hospital at the University of Toronto on tracking patient care. Rather than rely on history for recommendations, the technology looks at more than a hundred factors to make judgments. Microsoft is also building AI into its products, including its Azure cloud platform. Continue reading Companies Develop New Applications for Artificial Intelligence

WalmartLabs has upped its credibility as a technology provider and taken a swipe at Amazon by opening its OneOps cloud platform to all comers. The OneOps source code will be uploaded to code repository GitHub by the end of the year. By doing so, Walmart hopes to increase competition with Amazon Web Services and offer developers an option to AWS’ dominance. Walmart touts OneOps advantages as “cloud portability, continuous lifecycle management, faster innovation, and great abstraction of cloud environments.” Continue reading WalmartLabs Offers Its Open Source Cloud Platform to Public

The public cloud for software-as-a-service offerings, including back-end business services is catching fire, and Amazon and Google, which already run extensive public clouds, are well positioned to dominate in the arena. That’s despite Dell’s recent purchase of EMC, say the experts, because the two companies under EMC — VMware and Pivotal — although they are cloud computing companies, are not big players in the public cloud. Cloud platform services are expected to become a $44 billion market by 2020. Continue reading The Public Cloud is Inevitable, and Amazon Stands to Win Big