- Amazon Web Services (AWS) reported a 12% YoY increase in Q2 revenue, reaching $22.1 billion, ahead of analysts’ $21.79 billion estimate.
- Despite a 5% dip in operating income, AWS represented 70% of Amazon’s $7.7 billion in operating profit.
- AWS introduced Bedrock, an AI model deployment service, and is investing $100 million to launch a Generative AI Innovation Center, as competition intensifies with Microsoft and Google.
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