Spotify reported 27% higher revenue for the third quarter, translating to an operating profit of 75 million euros compared with an operating loss of 40 million euros a year earlier. Driving the growth was a 75% increase in advertising-related revenue, a sign that Spotify’s expansion into podcasting is helping pay dividends. Spotify experienced little impact from the double whammy of Apple’s...
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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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