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Amazon reports strongest cloud growth since 2022 after major outage

2 days ago
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Amazon has made its first financial disclosures since the disastrous outage suffered by its cloud computing division that brought everything from smart beds to banks offline,In spite of the global outage, Amazon Web Services has continued to grow, and this quarter reported a 20% increase in revenue year over year,Wall Street estimated that AWS would bring in $32,42bn in net sales in the third quarter, with the company reporting actual revenue of $33bn,“AWS is growing at a pace we haven’t seen since 2022,” CEO Andy Jassy said in a statement accompanying the earnings report.

The strong third-quarter earnings, which exceeded analysts’ expectations, led the company’s stock to spike up about 9% in after-hours trading,The earnings report highlighted Amazon’s desire to compete with other companies that have managed to capitalize more aggressively on the AI boom,Amazon’s stock has lagged behind some rivals in big tech, and its e-commerce business has been more susceptible to the effects of the Trump administration’s sweeping and unpredictable tariff policies than firms more focused on software,The tech company, worth some $2,4tn, revealed that it easily beat Wall Street expectations through growth in its cloud computing services.

Market analysts had predicted that Amazon would report $1.58 earnings per share and a net sales revenue of $177.82bn.The company reached $180.17bn in revenue and $1.

95 earnings per share.AWS has faced increasing competition from alternative providers such as Google Cloud and Microsoft Azure, with the latter’s partnership with OpenAI and reports of strong growth in its cloud business driving up its share price.Yet AWS is still a backbone of much of the modern internet, with an inadvertent show of its power taking place earlier this month when a glitch in the company’s cloud computing took websites, apps, tech products and critical communications systems, such as electronic hospital records, offline.The outage affected millions of people and lasted hours, underscoring how reliant many parts of everyday life are on Amazon’s products.During the earnings call, Amazon’s executives touted the incorporation of AI tools such as the Rufus shopping assistant into its platforms and services.

They also mentioned efforts to grow its Zoox robotaxi business, stating that they would begin testing the autonomous driving service in Washington DC later this year,At Amazon headquarters, the company confirmed plans earlier this week to lay off 14,000 corporate workers, while further job cuts are expected throughout the company,The tech company publicly announced the cuts in a post on its website titled “Staying nimble and continuing to strengthen our organizations”, which referenced advancements in AI and claimed the company wanted to “operate like the world’s largest startup”,“What we need to remember is that the world is changing quickly,” Amazon’s post stated,“This generation of AI is the most transformative technology we’ve seen since the Internet, and it’s enabling companies to innovate much faster than ever before.

”Sign up to TechScapeA weekly dive in to how technology is shaping our livesafter newsletter promotionJassy suggested in a blog post earlier this year that the company’s investments in AI would mean that Amazon needs “fewer people doing some of the jobs that are being done today”.On the investor call, however, Jassy denied that the mass layoffs were driven by AI and instead claimed that they were a result of “culture”, saying the company was trying to emphasize a more malleable, startup-style operation.“The announcement that we made a few days ago was not really financially driven, and it’s not even really AI-driven, not right now.It really is culture,” Jassy said.The best public interest journalism relies on first-hand accounts from people in the know.

If you have something to share on this subject, you can contact us confidentially using the following methods.Secure Messaging in the Guardian appThe Guardian app has a tool to send tips about stories.Messages are end to end encrypted and concealed within the routine activity that every Guardian mobile app performs.This prevents an observer from knowing that you are communicating with us at all, let alone what is being said.If you don't already have the Guardian app, download it (iOS/Android) and go to the menu.

Select ‘Secure Messaging’,SecureDrop, instant messengers, email, telephone and postIf you can safely use the Tor network without being observed or monitored, you can send messages and documents to the Guardian via our SecureDrop platform,Finally, our guide at theguardian,com/tips lists several ways to contact us securely, and discusses the pros and cons of each,
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Bridget Phillipson ‘ready to take on unions’ over year 8 reading tests

Bridget Phillipson has said she is ready to take on the unions in a battle over compulsory reading tests for 13-year-olds and more extracurricular activities for all children to prevent them becoming “stuck in a doom loop of detachment” from school.The education secretary said that teaching unions, who have argued the tests were “unnecessary and distracting”, should “really think carefully” about whether they could justify standing in the way of tackling the “shocking outcomes” that exist for many working-class children.In an interview with the Guardian, in which she said her deputy leadership campaign was “just the beginning” of her efforts to help secure Labour a second term, Phillipson warned that one in four children overall, and one in three disadvantaged children, don’t meet required literacy standards.In response to the curriculum and assessment review published next week, there will be a new mandatory reading test for year 8 pupils in an attempt to tackle underachievement by working-class children. Schools will also be expected to informally assess writing and maths

about 17 hours ago
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UK politics: Worries about immigration are ‘manufactured panic’ says charity as poll shows issue not a local concern – as it happened

Concern about immigration is a “manufactured panic”, a campaign group has said after polling suggested only a quarter of people think it is an important issue locally.As PA Media reports, a YouGov poll found only 26% of people said immigration and asylum was one of the three most important issues facing their community. This was half the 52% who said it was one of the biggest issues facing the country as a whole.These figures have been set out in a report published by the Best of Britain campaign group. It also shows that, while immigration comes second in the list of issues that people say matter nationally, it is only seventh in the list when people are asked about what matters in the places where they live

1 day ago
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Keir Starmer keeps Trumps’ silver necklace gift – for a price

Keir Starmer has paid to keep a personalised silver necklace given to him by Donald and Melania Trump, transparency records show.The necklace was the only gift Starmer chose to keep after he hosted the US president for a historic second state visit in September.The Trumps also gave the prime minister a golf club and a set of silver cufflinks, both personalised, but these were retained by the Cabinet Office. A pair of cowboy boots, given to Starmer’s wife, Victoria, by the Trumps has also been held by the department.Under government rules, ministers cannot keep official gifts worth more than £140 unless they pay the difference between £140 and the gift’s value

1 day ago
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‘Young Tories are fed up’: the students switching to Reform in big numbers

Last year’s freshers’ fair was a dismal time for Newcastle University’s Conservative society, with just six new students showing any interest in joining at the start of the autumn term.But this year’s event brought dozens of students showing up with renewed enthusiasm – after the Tory students merged with the Reform UK students, shrugging off a rebuke from Conservative party headquarters to do so.“Interest increased tenfold. I think we Conservatives were just becoming a bit irrelevant,” said Henry Bateson, a one-time Conservative student who switched to Reform UK and is now president of Newcastle’s merged Conservative and Reform UK society.Recent opinion polls suggest nearly half of Tory members would support a merger with Reform into a single party

1 day ago
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Zarah Sultana sets sights on replacing Labour and gaining power

The MP Zarah Sultana has said she hopes her new political party will ultimately replace Labour as she revealed she was committed to winning power.Sultana left the Labour party in July to form the new group, operating under the temporary name Your Party.Asked by Nick Robinson on his BBC podcast Political Thinking if she aimed with her new party to replace Labour, she said: “That’s the vision. We are the party of the left, and we have to build. And we’re starting from very humble beginnings

1 day ago
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UK launches search for ‘town of culture’ among places ‘written out of national story’

Too many places have been “written out of the national story”, the culture secretary, Lisa Nandy, said as she launched a search for the UK’s first “town of culture”.The town of culture designation comes after the success of the cities of culture programme, which has put Derry, Hull, Coventry and, this year, Bradford in the limelight for a year, boosting the local economy, tourism, civic pride and access to the arts, according to its supporters.The government said the first winning town would get £3.5m to help it develop a cultural programme in the summer of 2028.The competition for the 2029 UK city of culture has also opened, with the winner being promised £10m, the first time the government has put an upfront figure on its contribution

2 days ago
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‘It’s brutal, they feel very attacked’: budget uncertainty hits Southampton boat show

about 19 hours ago
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Nexperia halts chip supplies to China in threat to global car production

1 day ago
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Apple reports record iPhone sales as new lineup reignites worldwide demand

2 days ago
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Amazon reports strongest cloud growth since 2022 after major outage

2 days ago
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Ireland 13-26 New Zealand: rugby union Test – as it happened

about 3 hours ago
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Sacha Feinberg-Mngomezulu lights up South Africa’s nine-try rout of Japan

about 4 hours ago