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AWS shifts focus to LLMs, generative AI as growth continues to taper

CIO Business Intelligence

The slowdown in growth, according to top executives of the company, can be attributed to enterprises optimizing cloud spend due to uncertain macroeconomic conditions. We are seeing these optimizations continue into the second quarter with April revenue growth rates about 500 basis points lower than what we saw in Q1,” Olsavsky added.

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The biggest enterprise technology M&A deals of the year

CIO Business Intelligence

It will add it to its Spot by NetApp portfolio, the collection of SaaS tools built around the cloud management and cost optimization company it bought in 2022. Microsoft buys Minit to optimize process automation. NTT Data adds Vectorform to service portfolio. Celonis buys Process Analytics Factory. Apptio buys Targetprocess.