Amazon Says It Can’t Keep Up With AI Demand
Photographer: Ian Maule/AFP
Good morning. Amazon worries about keeping up with AI demand, prompting a slide in its shares. UK landlords face costly insulation upgrades. And London cabbies are teaching navigation apps a few things. Listen to the day’s top stories.
Amazon shares dropped after-market as the company’s quarterly profit and sales forecasts missed estimates. CEO Andy Jassy warned of “lumpy” growth amid capacity constraints in its cloud computing division. The concerns echo those of rival Microsoft, which last week said its cloud sales growth was hurt because it didn’t have enough data centers to handle demand for its AI products.