After reaching $40B in revenue in record time, Amazon Web Services hints at its own reinvention

Amazon Web Services CEO Andy Jassy with a chart showing AWS revenue growth at the company’s virtual re:Invent conference this week. (Screenshot via webcast)

Kicking off the annual Amazon Web Services re:Invent conference this week, AWS CEO Andy Jassy pointed to a major milestone for the tech giant’s cloud division: AWS has officially surpassed $40 billion in annual revenue, and not at a leisurely pace. AWS added an incremental $10 billion in revenue in 12 months, faster than ever.

Jassy showed stats that put AWS’s share of the cloud infrastructure market at 45%, more than double its closest competitor, Microsoft Azure. But he sought to assure the virtual audience that AWS is not even close to its zenith, citing the 96% of the estimated $3.6 trillion in global IT spending that has yet to shift to the cloud.

“It means that there’s a lot of growth ahead of us,” he

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Report: Digital technology has ‘central role to play’ in reaching net zero

Digital technology has a “central role to play” in achieving net zero emissions and tech giants must play their part, a report has said.

mart meters, supercomputers, weather modelling and AI could all help cut carbon emissions by one third in the next 10 years, according to the Royal Society.

It estimates that digital technology contributes between 1.4% and 5.9% to global emissions and recommends that firms be more open about their energy consumption, in particular from data centres.

This pandemic has accelerated the digital transition so now is the time to take stock and ensure the sustainable development of future digital technologies and systemsProfessor Andy Hopper, Royal Society

The net zero transition should be data-led, with governance arrangements in place that enable the safe and rapid use of data to support the achievement of the net zero target, the report explained.

Regulators such as the Financial Conduct Authority

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