Oracle Competitor Amazon Empowers AWS for Ongoing AI Wave

Can Oracle Buck Its Earnings Trend in Fiscal 2Q17? PART 2 OF 11 By Anne Shields  | Dec 9, 2016 4:54 pm EST AWS: the key to Amazon’s cloud scale and presence Oracle (ORCL) has become a competitive player in the billion-dollar cloud space, where (AMZN), with its market share of 30%, still dominates. But Amazon’s cloud computing segment, AWS (Amazon Web Services), is the key to its profitability. In fiscal 3Q16, AWS revenue grew 55% YoY (year-over-year) to ~$3.2 billion, indicating that the segment is on track to meet or surpass the $10-billion target the company has set for the segment for full fiscal 2016. Amazon’s three new AI services Continuing with its strategy to invest in AWS, Amazon announced three new AI (artificial intelligence) services—Amazon Lex, Amazon…

Link to Full Article: Oracle Competitor Amazon Empowers AWS for Ongoing AI Wave

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