Chinese online video company Kuaishou, a major competitor of TikTok owner ByteDance in China, reported a 77% jump in online advertising sales for the quarter through September, despite the country’s slowing economic growth and Beijing’s regulatory crackdown. Hong Kong-listed Kuaishou said its total revenue rose 33%, thanks to the strength of its ad sales. But its operating loss widened...
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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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