CNBC February 12, 2024
Key Points
– Microsoft’s cloud is growing significantly faster than Amazon Web Services of late, thanks in part to its cozy OpenAI relationship.
– Analysts estimate Azure, which was about half as big as AWS five years ago, is now three-quarters its size.
– Revenue at Azure increased 30% in the quarter, compared with 13% year-over-year growth at AWS.
Amazon Web Services is still the cloud leader. But Microsoft is quickly closing the gap.
While Microsoft doesn’t disclose revenue figures for its Azure cloud infrastructure, analyst figures suggest that five years ago it was half as big as AWS. Now, it’s about three-quarters the size of its top rival, analysts estimate.
Part of Microsoft’s recent momentum is because of artificial...
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