Amazon and Microsoft, of course, are more than just their cloud businesses. Amazon is still the world's largest e-commerce and logistics company. It also owns the Prime Video streaming service.

Amazon said it expects to spend over $100 billion in capital expenditures this year, making it the latest tech giant to say it's ramping up investments in artificial intelligence infrastructure.

Amazon.com Inc. shares have largely climbed on the back of two trends: strength in its cloud business and a focus on costs.

Ralf Groene is reuniting with Panos Panay to lead design for Amazon’s devices and services business. Ralf Groene is reuniting with Panos Panay to lead design for Amazon’s devices and services ...