Amazon's (AMZN) AWS Gets Selected by Yahoo, Boosts Clientele
AMZN continues to ride on its robust cloud computing arm, Amazon Web Services ("AWS"). Strengthening AWS offerings, which are constantly driving the company's cloud customer momentum, remains the key catalyst.
The latest selection of AWS by Yahoo as the preferred public cloud provider for the latter’s advertising technology business, Yahoo Ad Tech, is a testament to the aforesaid fact. This highlights the efficiency and reliability of AWS's innovative cloud products and services.
Notably, Yahoo is shifting all its advertising technology workloads to AWS to boost its advertising business operations, develop advanced solutions and reduce IT infrastructure costs.
Yahoo Ad Tech is leveraging AWS’ strong portfolio of cloud capabilities, including analytics, compute, Machine Learning (ML), serverless, and storage. To name a few, it is using Amazon Elastic Compute Cloud to gain insights on real-time advertising performance and Amazon Simple Storage Service to construct a centralized data lake.
Further, Yahoo Ad Tech intends to utilize Amazon SageMaker to streamline its ML pipeline.
The latest move by Yahoo strengthens its existing strategic relationship with AWS.
Amazon.com, Inc. Price and Consensus
Expanding Customer Base
The latest move of Stability AI has added strength to the customer base of AWS.
We believe that AWS' persistent focus on bolstering its portfolio will continue to expand its clientele.
Apart from Yahoo, AWS was recently picked by Brookfield Asset Management BAM as the preferred cloud provider.
Brookfield has migrated its legacy systems to AWS in a bid to accelerate its digital transformation. For this, Brookfield leverages AWS’ analytics, containers, Internet of Things (IoT), ML, storage capabilities and robust partner network.
Also, Stability AI selected AWS as the preferred cloud provider. With the aid of AWS’ robust portfolio of cloud technologies and global infrastructure, Stability AI strives to build and scale its AI models.
Additionally, Descartes Labs has gone all-in on AWS by migrating its core information technology (IT) infrastructure to AWS.
Also, Wallbox has gone all-in on AWS by shifting its entire IT infrastructure, including design and manufacturing platforms, device and grid-management systems and customer-facing applications, to AWS.
This apart, Atos has selected AWS as its preferred enterprise cloud provider and signed a multiyear, global strategic transformation agreement.
Additionally, Slalom recently extended its global Strategic Collaboration Agreement with AWS.
source: https://finance.yahoo.com/news/amazons-amzn-aws-gets-selected-164004059.html
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