DoorDash’s revenue increased 83% to $1.2 billion in the second quarter, showing it maintained growth even as in-person dining resumed. The company, which went public last year, reported that orders through the platform grew by 69% year over year to 345 million in the second quarter. The rate of revenue growth in Q2 was slower than recent quarters, when the pandemic turbocharged demand for...
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Amazon’s Anthropic Deal Signals Cloud Sector Turbulence
You know the cloud industry is in upheaval when industry leader Amazon Web Services has to copy a tactic used by its smaller rivals to compete more effectively. The Amazon unit’s decision on Monday to invest up to $4 billion in AI startup Anthropic, as part of a broader deal in which AWS becomes the startup’s “primary cloud provider,” looks a lot like the type of equity-for-business deals AWS...
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