Microsoft’s AI growth is helping its cloud business weaken Amazon’s lead

Posted on AllSides February 12th, 2024
From The Center
Technology, AI, Microsoft, Amazon
Chris Ratcliffe | Bloomberg | Getty Images

Amazon Web Services is still the cloud leader. But Microsoft is quickly closing the gap.

While Microsoft doesn’t disclose revenue figures for its Azure cloud infrastructure, analyst figures suggest that five years ago it was half as big as AWS. Now, it’s about three-quarters the size of its top rival, analysts estimate.

Part of Microsoft’s recent momentum is because of artificial intelligence.

Amy Hood, the company’s finance chief, said on Microsoft’s Jan. 30 earnings call that 6 points of revenue growth in the Azure and cloud services division came from AI in the latest...

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https://www.cnbc.com/2024/02/12/microsoft-ai-growth-helping-azure-cloud-chip-away-at-amazons-lead.html

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