Saturday, 17 February 2018

Google and Amazon Bet on AI

Alphabet and Amazon continued to lean on cloud computing and artificial intelligence (AI) as the chief drivers of revenue growth in Q4 2017.

While Alphabet's revenue grew 24% YoY to reach $32.3 billion in the quarter, $4.7 billion of that came from the segment that houses its cloud business, which was up 38% YoY.

Amazon's revenue reached $60.5 billion in Q4, with $5.1 billion, or over 9%, coming from its AWS cloud segment.

Both Alphabet and Amazon continued to center in on their cloud platforms in Q4.

And voice assistants and visual search technology are at the core of both companies' strategic offerings.

BI Intelligence analyst Rayna Hollander has the full story.