Amazon Q introduces AI-powered inline chat directly in the code editor for developers

All three companies won around 2 percent share of the global cloud services market in first quarter 2024. Prior to 2020, IBM used to crack into the top five for global cloud market share leaders. However, IBM’s share has lowered consistently over the past several years with the company winning 2 percent share in Q1 2024. Since 2019, Google has been the perennial third place winner in terms of global cloud market share.

He said AWS was helping employees “continue to upskill and learn about new technologies” to increase their productivity with the help of AI. So 17 years ago, S3 reinvented storage by launching the first cloud service for AWS. With S3 Express One Zone, you can see S3 continuing to change how developers use storage.

“We had integration tools at our company but they were older, outdated tools,” he says. Getting the kind of large-scale integrations necessary for gen AI would have required significant and costly upgrades.

Microsoft has been growing dividends and implementing buybacks over the last two decades. So, the recent buyback/dividend announcement is not expected to have much sway on the stock price. If the stock rallies, it could be attributed to the upcoming first-quarter earnings report slated for release on October 30. Strong FCF generation characteristics render support to its capital spending plans.

Microsoft’s cloud market share saw a two-point share drop during the second quarter of 2024 compared to just one quarter ago. Google Cloud increased its global market share by one point in Q both on a year over year and quarter over quarter basis. Like having three times the number of data centers compared to the next largest cloud provider, which makes a huge difference in capacity and availability.

Sapio Sciences Expands Collaboration With AWS to Advance Science-Aware™ AI Vision

Other companies that won market share of approximately 1 percent during Q include Baidu, China Telecom, China Unicom, Fujitsu, NTT, Snowflake, SAP, Rackspace and VMware. Microsoft’s Intelligent Cloud business generated $26.7 billion in revenue during the first quarter, which means Microsoft’s cloud group has an annual rate of $107 billion. Talk of AI changing and even eliminating jobs has intensified lately as companies lay off employees or stop hiring to shift resources toward AI development. New AI tools that automatically generate code can help companies do more with the same number of engineers or fewer of these pricey employees. Other cloud providers have not even delivered on their first server processors yet. Their general knowledge and their capabilities are great, but they don’t know your company.

Although MSFT reported better-than-expected earnings and revenues for the fourth quarter, the market chose to focus on the shortfall in its Azure cloud revenues. Many AI software development tools work as inline code completion and as chat tools in the sidebar. Inline code completion acts by showing suggestions as developers type allowing them to simply accept or reject as they go, saving time.

What Analysts Are Expecting For MSFT Stock

Moving data to a modern warehouse and implementing modern data pipelines was a huge step, but it didn’t resolve all of the company’s AI infrastructure challenges. That relevant content could include thousands of pages of information such as compliance rules for specific countries. And this internal information would be augmented with data stored in the Salesforce platform and sent to the AI as part of a fine-tuned prompt. The answer then comes back into Salesforce, and the employee can look at the response, edit it, and send it out through the regular Salesforce process. Getting data out of legacy systems and into a modern lake house was key to being able to build AI. “If you have data or data integrity issues, you’re not going to get great results,” he says.

Many CIOs actually ban the use of a lot of the most popular AI chat systems inside their organization. Just ask any Chief Information Security Officer, CISO—you can’t bolt-on security after the fact and expect it to work as well. It’s much, much better to build security into the fundamental design of the technology.

Unlock unlimited access to premium journalism plus exclusive members-only events gathering leading business minds that shape tomorrow. Tuan Tran is stepping away as president of HP’s printing and imaging business to lead a cross-company AI strategy. Taking over the printing business is 30-year HP veteran Anneliese Olson. As a result, he said, “the community needs to be stronger” in getting providers to become more open. “The reason people are moving to Iceberg is to remove lock-in or just lower cost,” he said, but both of those reasons are “lower priorities than other things,” like just getting the jobs at hand done. TheCUBE Research analysts John Furrier and Dave Vellante discuss this and other news in more detail on this week’s theCUBE Pod, out later today on YouTube.

There are two major types of AI compute, says Naveen Sharma, SVP and global head of AI and analytics at Cognizant, and they have different challenges. On the training side, latency is less of an issue because these workloads aren’t time sensitive. Companies can do their training or fine-tuning in cheaper locations during off-hours. “We don’t have expectations for millisecond responses, and companies are more forgiving,” he says. Telecom testing firm Spirent was one of those companies that started out by just using a chatbot — specifically, the enterprise version of OpenAI’s ChatGPT, which promises protection of corporate data. Once it’s completed, the user can review the work of the AI assistant and accept or reject the changes.

With the relocation of these two components, the new Azure number is expected to now align more closely to the consumption business. However, Microsoft will be adding revenue from its search and news advertising category into Azure and other cloud services. For example, they often inquire about the availability ChatGPT and price of a product or the business hours and location of a store. An AI chatbot is ideal for answering such repetitive and trivial questions and thus easing the burden on SMBs and farmers. You can foun additiona information about ai customer service and artificial intelligence and NLP. Featuring an intuitive user interface, MantaGO provides three ways for users to build their own AI chatbot.

Leveraging AWS JIC to build up technological strength, Eslitec introduces MantaGO to help companies address digital challenges

Here are the current enterprise cloud services market share figures for AWS, Alibaba, Google, Microsoft and Salesforce that every partner, investor and customer should know in 2024. In the longer run, AI is here to stay and is not going anywhere in a hurry. By building an evolving AI ecosystem around its products, MSFT is positioning itself as a major force within AI and cloud services. However, investors should remember that data centers cannot be built in a day and scaling up is a herculean task.

Even farmers that may not be tech-savvy have begun to market their produce via social media. However, farmers and SMBs generally do not have the human resources and budget for social media marketing. They usually give priority to their work and can only respond to consumer inquiries or process orders when they have time to spare. Unfortunately, speed is everything in customer service in this day and age. Consumers will go to another vendor if they can’t get their questions answered in an instant. To help address this challenge, Eslitec has introduced MantaGO, an AI chatbot that enables companies to respond to consumer inquiries effortlessly and seize every revenue opportunity.

In its fourth-quarter earnings call, Microsoft noted that it “continues to prioritize security above all else.” It has more than 1.2 million security customers. “Defender for Cloud”—MSFT’s cloud security solutions for protecting customer workloads across multi-cloud and hybrid environments surpassed $1 billion in revenue for the past year (as of July 31, 2024). Copilot is used in GitHub (which is a code-sharing platform) for providing AI assistance in software coding.

“We are forecasting that it will double in size over the next four years,” Dinsdale said. In Garman’s case, he was sharing advice rather than issuing ChatGPT App a dire warning that developers will go extinct because of AI. His tone was optimistic, suggesting more creative opportunities for developers.

… R8G instances provides the best price performance and energy efficiency for memory intensive workloads. Pharma giant Merck’s shares lost 15% in the month, subsequent to the unveiling of its huge $10 billion buyback program on February 22, 2000. The selloff was because investors believed that the $10 billion could have been put to better use to bolster Merck’s drug pipeline that was running dry. Jefferies is keeping its Buy rating, and price target unchanged at $550, citing the strong performance of Azure, and the promising trajectory of the M365 Copilot initiative. Discover more in-depth insights, entrepreneurial advice and winning strategies that can propel your journey forward and save you from making costly mistakes.

The chat interface helps generate code from developer prompts, but also explains why, as well as assists with improving code, including refactoring or generating tests and documentation. Global cloud market share for the three cloud giants—Microsoft, Google Cloud and AWS—shifted during the second quarter of 2024 as enterprise cloud spending reached a new high of $79 billion. “This was a really good quarter for the cloud market with growth rates bouncing back from the relative lows seen through much of 2023,” Dinsdale said. Public Infrastructure as-a-service (IaaS) and Platform as-a-service (PaaS) services account for the bulk of the market, with that section growing 23 percent in Q1 year over year. So critically, other providers have launched tools without data privacy and security capabilities which virtually every enterprise requires.

An AWS spokesperson, Aisha Johnson, told BI that Garman’s comments conveyed opportunities for developers to “accomplish more than they do today” with new AI tools. She added that there was no indication he expected a decline in the role of developers. Wiz is the world’s largest cyber security unicorn and fastest SaaS company to reach a $10 billion valuation. Also having 60 percent more services and over 40 percent more features than the next closest cloud provider, so you can innovate without constraints.

Salesforce tied for fifth place in the worldwide cloud market during the second quarter by winning 3 percent share. The Austin, Texas-based software and cloud specialist won 3 percent global share of the cloud market during the second quarter of 2024. Enterprise spending on cloud infrastructure services during aws chat bot the second quarter of 2024 reached $79 billion. This represents a $14.1 billion, or 22 percent, increase year over year compared to Q2 2023. The Mountain View, Calif.-based company’s cloud business, Google Cloud, generated $9.6 billion in revenue during Q1 2024, up a whopping 28 percent year over year.

A bulk of the capex spend is towards cloud and AI-related investments. Copilot is still in the nascent stages of growth, but already showing great promise as a future driver of recurring revenue growth for MSFT. With the rollout of additional features and functionality, Copilot is expected to deliver even greater value. “If your hyperscaler isn’t giving you enough at the right price point, there are alternatives,” he says. Cracking into the top six cloud market leadership list during Q was Oracle, who tied for fifth place in the cloud service market rankings.

In response to an analyst’s query in the fourth-quarter earnings conference call, Microsoft attributed capacity constraints for impacting Azure growth, noting that AI demand remained higher than available capacity. These capacity restrictions alongside softness in non-AI consumption in some European geographies are expected to continue into the first half of fiscal 2025. However, Azure growth is expected to accelerate in the second half of fiscal 2025, as capital investments should increase available AI capacity to serve the growing demand. After touching a 52-week intra-day high of $468.35 on July 5, the stock receded and closed at a low of $394.44 on August 5 following its fourth-quarter earnings release on July 30.

Now, the faster data processing lets you save up to 60 percent on your compute costs as well for workloads that require high performance outcomes. After pushing a case for smart assistants for years, tech companies suddenly found better value arriving elsewhere. “They were all dumb as a rock,” is how Microsoft CEO Satya Nadella described smart assistants such as their own Cortana, in an interview earlier this year.

Google’s cloud business won a record 12 percent share of the global cloud services market during the second quarter. It ensures every element of its product R&D is agile and rigorous, including design, development, market survey, and user experience, while guaranteeing the usability and quality of its products. It creates value for farmers and SMBs by resolving their pain points amid the social commerce surge.

The acquisition of Activision has given Microsoft a strong content pipeline and a foothold in mobile gaming, a turf where it virtually had no presence before. In gaming, Microsoft now has more than 500 million monthly active users, across devices and platforms. Subsequent to the reclassification, Microsoft restated its investor metrics, including Azure and other cloud services revenue growth and updated its first-quarter guidance. Based on the restatement, revenue from Azure and other cloud services for the fourth quarter grew 34% to 35% in constant currency (vs. 29% to 30% growth in constant currency reported in July).

• As a remedy, there are regional deployment options, so, for example, an AWS data center in Singapore might support users in China.
• Learn how you can make money from the wave of seasoned companies innovating in AI and new AI tech companies.
• Constellation Insights Editor in Chief Larry Dignan says generative and agentic AI are starting to transform the enterprise software business model.
• With the rollout of additional features and functionality, Copilot is expected to deliver even greater value.
• Many AI software development tools work as inline code completion and as chat tools in the sidebar.

Learn how you can make money from the wave of seasoned companies innovating in AI and new AI tech companies. “A lot of times we think about customers, which is great, but I’d also encourage everybody internally to think about how you are just completely changing what you’re doing,” Garman said. Our customers are solving big problems, serving critical needs, and dreaming up the world’s next big thing. They count on us to be secure, to be reliable, to innovate rapidly, to delight their customers in enabling new ways to grow their businesses–all on AWS.

Typically, investors buy the MSFT stock for its capital appreciation potential with lesser emphasis placed on the dividend. In the near-term, there’s a very high likelihood of the Microsoft stock revisiting its highs, given an upcoming key catalyst, Microsoft’s first-quarter earnings report scheduled for release on October 30. After more than doubling in value over the past two years, a 10% correction in the MSFT stock is not exactly devastating. It could also be an opportunity to buy into a quality, futuristic business with the stock headed for new heights. Oppenheimer downgrades Microsoft to “Perform” From “Outperform,” citing higher-than-expected losses from Microsoft’s OpenAI investment and slower enterprise adoption of AI technology. Wall Street analysts are overwhelmingly bullish on the MSFT stock with an average price target of $496, which represents roughly an 18% upside from current stock price levels of around $420.