MSFT160429C00046000
- Yahoo Finance Video
Amazon Q1: Tailored ads could unlock new 'leg' for ad revenue
Amazon (AMZN) reported its first quarter earnings on Tuesday after the market's close, with its Amazon Web Services (AWS) segment posting a 17% year-over-year revenue spike. In the wake of this highly anticipated financial release, Jefferies Tech Research Analyst Brent Thill joins The Morning Brief to dissect the results. Thill characterizes Amazon's performance as "a mixed box of goods." He notes that AWS, the advertising business, and operating income all outperformed expectations in the first quarter results, stating, "Amazon works when you're in harvest mode, not invest mode." The numbers have left him "encouraged" about the stock's future prospects. On the advertising front, Thill highlights that the business is in "great shape" as Amazon continues to blend its advertising efforts with Prime Video. He emphasizes that sponsored ads will be tailored to each consumer's preferences. This strategic approach and Amazon's continued investment in its advertising capabilities could potentially unlock "a whole other leg" for the company, comprising an "advertising opportunity that we haven't even seen." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
- Reuters
Anthropic releases business chatbot in hunt for corporate dollars
Artificial intelligence startup Anthropic launched a version of its latest chatbot technology aimed at businesses on Wednesday, jumping into the race to capture corporate dollars. The San Francisco-based firm, backed by Alphabet and Amazon.com, in March released a family of artificial intelligence models called Claude 3 that it says outperforms those from rivals such as Microsoft-backed OpenAI and Google. On Wednesday, it released an app for Apple's iPhones that will offer Claude 3 to businesses at a rate of $30 per user per month.
- Bloomberg
Microsoft and Brookfield Sign Biggest-Ever Clean Power Deal
(Bloomberg) -- Microsoft Corp. and Brookfield Asset Management’s green energy arm signed the biggest corporate clean-energy purchase agreement ever announced, as the technology giant ramps up its investment in artificial intelligence.Most Read from BloombergTesla Axes Supercharger Team in Blow to Broader EV MarketNYPD Arrests Over 300 Protesters in Crackdown on College CampusesFed to Signal Delay of Interest-Rate CutsLilly Soars as Forecast Boost Shows Weight-Loss Drugs’ PowerThe Ozempic Effect:
