Amazon posted higher fiscal third quarter profit and sales compared with a year ago, fueled by accelerating growth in its cloud computing business and strong spending by its customers looking for low prices at a time when inflation is resurging.

"We’re convinced that we need to be organized more leanly, with fewer layers and more ownership, to move as quickly as possible for our customers and business," Galetti wrote.

Amazon will cut about 14,000 corporate jobs as the online retail giant ramps up spending on artificial intelligence while trimming spending.

"Frankly, many customers may have been unaware that a service they used relied upon AWS and are only learning that now, due to system failures," said Craig Shue, a professor and the head of the compu...

Microsoft Azure, including Office 365, Minecraft, X-Box Live, Copilot and many other services, was down for thousands of users on Wednesday due to issues with its domain name system.