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Cloud giants surge amid geopolitical turmoil and rising energy costs

Cloud computing giants Azure, AWS, and Google Cloud reported significant growth, with Azure up 40%, Google Cloud up 63%, and AWS experiencing its fastest growth in 15 quarters. This surge in cloud services occurred amidst geopolitical tensions and rising oil prices, with Brent crude reaching $112 and US gas at $4.45 per gallon. The juxtaposition highlights the continued relevance of the physical world's economic and political factors to the digital economy. AI

IMPACT Strong cloud infrastructure growth suggests increased demand for AI/ML workloads and compute resources.

RANK_REASON Reports significant growth figures for major cloud providers alongside geopolitical and energy market news.

Read on Mastodon — fosstodon.org →

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Cloud giants surge amid geopolitical turmoil and rising energy costs

COVERAGE [1]

  1. Mastodon — fosstodon.org TIER_1 English(EN) · [email protected] ·

    Markets on fire today: Iran fires on US ships in Hormuz. Brent crude at $112. US gas at $4.45/gallon. Meanwhile: Azure +40%, AWS fastest growth in 15 quarters,

    Markets on fire today: Iran fires on US ships in Hormuz. Brent crude at $112. US gas at $4.45/gallon. Meanwhile: Azure +40%, AWS fastest growth in 15 quarters, Google Cloud +63%. The physical world keeps insisting on being relevant to the digital economy. # markets # AI # energy …