Amazon reports today. AWS has been slipping and at current growth rates would slip to the number 2 cloud provider in a few years time… let’s see if that trend holds true today.
Is that why Azure was down, maybe it was out celebrating? Hahah
We are at a point in this bubble where planned capex is approaching theorectical limits of actual energy capacity. Let’s see when they start pumping coal companies because they restart those plants…not even joking.
Even the labour market for the required skills is absurdly overvalued, if they don't see it as a major priority they won't spend the necessary rates for it.
They rolled out search without building a search engine and could've done the same with AI.
Coal retirement in the US is almost entirely driven by economics. If someone needs the power, coal plants will stay open and capacity factor go up.
https://www.eia.gov/outlooks/steo/report/elec_coal_renew.php
A lot of folks agree though that the smarter play would have been just just sit more on the sidelines intentionally and wait for the bubble to burst, then buy up stuff cheap in the resulting fire sales. AWS should have just focused on the core compute and storage services, which they do well.
AWS simply doesn’t have the right talent to do well in AI at the moment and the folks they did have mostly fled elsewhere.