Amazon's cloud service is going to get a big boost from AI, analyst says. AI is set to drive both cloud revenues and margins according to the note.
drive increased AWS cloud sales, says Oppenheimer analyst Jason Helfstein.
Amazon is increasingly focused on embedding high-margin AI products which enable enhanced productivity and revenue opportunities for cloud customers. The e-commerce giant itself heavily utilizes artificial intelligence in targeting product placement and advertising on its own site. AWS, which represents the bulk of Amazon's operating profits, will grow its margins from 28% in 2018 to more than 33%, above consensus estimates, due to these services according to Helfstein. AWS notched revenue of more than $25 billion in 2018, growing 45% from the previous year.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amazon Web Services to open Latin America computer center in ColombiaAmazon Web Services (AWS), a unit of Amazon.com Inc, said on Thursday it will op...
Read more »
Amazon Web Services to open infrastructure location in ColombiaAmazon Web Services (AWS), a unit of Amazon.com Inc, said on Thursday it will op...
Read more »
VW to improve production with Amazon cloud to network its factoriesVolkswagen on Wednesday said it has teamed up with Amazon Web Services to link u...
Read more »
Amazon, Volkswagen agree strategic partnership for 'industry cloud': reportGerman carmaker Volkswagen and Amazon.com Inc have agreed on a strategic partner...
Read more »
How Leaders In High Growth Companies Use AI To Accelerate Their Competitive AdvantageLeading companies are in a race to implement AI to hammer home their advantage over their less successful competitors, making the rate of adoption of decision-making technology swifter than the arrival of the Internet over 20 years ago.
Read more »
Google Launches Advisory Council To Help Company Question Assumptions On Ethical AIGoogle is launching a new external advisory council to help it question its assumptions and develop its thinking on AI by jillianiles
Read more »
Google launches global council to advise on AI and tech ethicsAlphabet Inc's Google said on Tuesday it was launching a global advisory co...
Read more »
McDonald's is buying a startup that uses AI to try to make you spend moreMcDonald's is buying Dynamic Yield, a tech startup that it hopes will help it sell customers more of what they want.
Read more »
Humanity AISan Francisco startup Shone is equipping Pacific Ocean-crossing cargo ships with sensors that produce detailed pictures of their surroundings and recommend courses of action
Read more »