"Amazon's Accelerated Revenue Growth Fueled by AI Adoption and Earnings Beat"
Amazon's cloud division, Amazon Web Services (AWS), saw a 13% year-over-year revenue growth in the fourth quarter, driven by increasing traction in cloud services for artificial intelligence. The company introduced new products like the Q chatbot and Trainium2 chip to capitalize on corporate interest in AI capabilities. Despite the growth, AWS' top U.S. challengers, Microsoft's Azure and Google Cloud, posted faster revenue growth. Amazon CEO Andy Jassy highlighted the acceleration of larger new deals and migrations, while CFO Brian Olsavsky announced a change to extend the useful life of servers, expected to boost first-quarter operating income.