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Amazon's cloud business records 18% growth in second quarter

Amazon Web Services CEO Matt Garman speaks at the AWS re:Invent conference in Las Vegas on Dec. 4, 2024.Noah Berger | ReutersAmazon's cloud group grew recorded revenue growth of 18% in the second quarter, slightly ahead of analysts' estimates. Amazon Web Services continues to lead the cloud infrastructure market, but is facing intensifying pressure from Microsoft and Google, as all three companies ramp up investments in artificial intelligence to take advantage of booming demand.Microsoft and Go...

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