FILE PHOTO: 3D printed clouds and figurines are seen in front of the AWS (Amazon Web Service) cloud service logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) - Big Tech results reinforced concerns a boom in cloud services is easing, limiting a lucrative source of profit when a slowing economy has hit the companies' other businesses and prompting a bet on artificial intelligence as the next growth driver.
Earnings from Amazon.com Inc and Microsoft Corp - which together dominate the cloud market - showed growth in the business was at its lowest since they started breaking out the metric in 2015 and was on track to slow further.
