Microsoft's AI lead puts Amazon cloud dominance on watch
Upcoming quarterly reports from U.S. tech giants may show Microsoft is closing the gap on cloud-computing market leader Amazon.com as more businesses switch to its services, attracted by a clutch of generative AI features that are powered by OpenAI's technology.
Microsoft Could Topple Amazon's Cloud Dominance, Thanks to AI
Microsoft is predicted by Rishi Jaluria of RBC Capital Markets to overtake Amazon's market share. According to Jaluria, cloud providers should generally profit from indications that technology investment, which has been under pressure from rising interest rates and unstable economic conditions, is stabilizing.
Coca-Cola, Microsoft
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