News Formal

Amazon replaces cloud unit chief Adam Selipsky with veteran Matt Garman

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 92%

Technology News

Business Business Latest News,Business Business Headlines

The move comes at a crucial time for the cloud business that brings in much of Amazon’s profit

Amazon Web Services CEO Adam Selipsky will step down, handing over the reins of the retail giant’s crucial cloud business to long-time insider Matt Garman, the company said on Tuesday.

While it has the largest share in the U.S. cloud market, its dominance is under pressure from Microsoft’s fast-growing Azure service that is benefiting from AI offerings powered by its tie-up with OpenAI.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Lithium prices are volatile because the market is small - Green Rush's Matt WatsonThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »