Cisco Systems, the biggest seller of networking hardware for data centers, on Wednesday reported flat revenue growth of $12.8 billion in the three months ending in April and said that sales would fall in the current quarter due to Covid 19-related lockdowns in China, where its components come from, and its decision to pull out of Russia and Belarus. Following the stunningly bad result, Cisco’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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