Amazon Q2 earnings outperformed analyst expectations, but a strong performance wasn’t enough to quell market fears in light of a gloomy forecast and Amazon Web Services growth seen as anemic, at +17.5 percent, which was slower than the expansion of its competitors Microsoft Azure (+39 percent) and Google Cloud (+32 percent). Amazon’s Q2 profit was $18.2 billion, up nearly 30 percent on revenue of $167.7 billion, a 13 percent gain year-over-year. Advertising income of $15.7 billion was almost $1 billion more than StreetAccount’s estimate of $14.9 billion. But for the current quarter, Amazon estimated operating income between $15.5 billion and $20.5 billion. Continue reading Amazon Profit Is Up 30 Percent, but Forecast Spooks Market

Amazon Web Services has created the AI Agents and Tools virtual store within the AWS Marketplace, which has added Anthropic’s Claude for Enterprise as a full-featured software-as-a-service solution. In addition to deepening ties between Anthropic and investor Amazon, the move marks a significant expansion of accessibility to a powerful LLM previously available only through Anthropic or via API through Amazon’s Bedrock developer platform. As part of its agentic push, AWS unveiled AgentCore, a developer tool that helps enterprise developers create, deploy and implement AI agents using any framework or model, and announced a $100 million investment in agent development. Continue reading AWS on Agent Push, Adds Claude Enterprise in Marketplace