No, it wasn't. Cloud computing was almost immediately profitable.
And Amazon was famously "unprofitable" for their first 9 years because they were investing all their very real profits into a form of capital that the US tax code didn't recognize.
And Amazon was famously "unprofitable" for their first 9 years because they were investing all their very real profits into a form of capital that the US tax code didn't recognize.
Frontier labs are also reinvesting their tens of billions of revenue back into infra scaleout, sounds like Amazon.
If 2 of 3 were like this, and Azure numbers were never split out, want to take a guess what the economics of the third was like too?
Cloud computing was still profitable the entire time. Amazon alone could cover all of GCP expenses.