As Amazon's global imprint continues to expand, the e-commerce giant is celebrating the 15th anniversary of Simple Storage Service, Amazon S3, the first of its cloud service offerings. Launched back in March 2006, Amazon Web Services (AWS) has since become a model for not only other e-commerce entities but a wide range of industries that incorporate cloud services.
"We've been the pioneers in this space. The concept of cloud computing didn't exist before this, and we got a real head start in building these services. Also, the close relationship with our customers — being able to get continuous feedback from our customers — have resulted in the fact that now we have more than 200 services," Werner Vogels, Amazon's chief technical officer, told Cheddar.
Vogels said Amazon's maturation into cloud services was a natural progression for the company because it has been "a tech company since day one." For client businesses, Amazon's low-cost cloud services with no long-term commitments were an immediate draw. And, while the pandemic has slowed the production of semiconductors for cloud computing chips, Vogels said Amazon has prepared for the exact scenario, building their own chips and redundancies in their systems.
"Remember, of course, that we learned a lot from building the supply chain for AWS from the tremendous effective supply chain that Amazon.com has, and as such we're building supply chains to 25 regions around the world that are all replicated and actually can sustain shortages in any of those supply chains," he noted.
Also, the tech industry isn't the only one benefitting from the cloud, according to Vogels. Many industries have been able to utilize the technology. Farmers have even found ways to use the services to manage data related to land cultivation and to create effective labor plans.
"If you travel outside of the U.S., what you meet a lot is these companies that are solving truly hard human problems," he said. "For example, in Indonesia, there's a company called HARA Token where smallholder rice farmers, they don't have an identity and as such cannot get loans, and so what this small company does is give them an identity, measure their piece of land, measure their yield, and make the data available to banks."
In order to be able to share more stories about how AWS impacts the world beyond business, Vogel traveled the globe for the Now Go Build video series highlighting startups tackling the aforementioned "hard human problems."
Updated March 19, 2021 at 6:00 p.m. ET to clarify that the name of the service launched 15 years ago was the Simple Storage Service, Amazon S3.
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
Chris Williamson, Chief Business Economist at S&P Global, breaks down September’s CPI print and inflation trends, explaining what it means for markets.
A big-screen adaptation of the anime “Chainsaw Man” has topped the North American box office, beating a Springsteen biopic and “Black Phone 2.” The movie earned $17.25 million in the U.S. and Canada this weekend. “Black Phone 2” fell to second place with $13 million. Two new releases, the rom-com “Regretting You” and “Springsteen — Deliver Me From Nowhere,” earned $12.85 million and $9.1 million, respectively. “Chainsaw Man – The Movie: Reze Arc” is based on the manga series about a demon hunter. It's another win for Sony-owned Crunchyroll, which also released a “Demon Slayer” film last month that debuted to a record $70 million.
The Federal Aviation Administration says flights departing for Los Angeles International Airport were halted briefly due to a staffing shortage at a Southern California air traffic facility. The FAA issued a temporary ground stop at one of the world’s busiest airports on Sunday morning soon after U.S. Transportation Secretary Sean Duffy predicted that travelers would see more flights delayed as the nation’s air traffic controllers work without pay during the federal government shutdown. The hold on planes taking off for LAX lasted an hour and 45 minutes and didn't appear to cause continued problems. The FAA said staffing shortages also delayed planes headed to Washington, Chicago and Newark, New Jersey on Sunday.
Boeing workers at three Midwest plants where military aircraft and weapons are developed have voted to reject the company’s latest contract offer and to continue a strike that started almost three months ago. The strike by about 3,200 machinists at the plants in the Missouri cities of St. Louis and St. Charles, and in Mascoutah, Illinois, is smaller in scale than a walkout last year by 33,000 Boeing workers who assemble commercial jetliners. The president of the International Association of Machinists says Sunday's outcome shows Boeing hasn't adequately addressed wages and retirement benefits. Boeing says Sunday's vote was close with 51% of union members opposing the revised offer.
The stunning indictment that led to the arrest of more than 30 people — including Miami Heat guard Terry Rozier and other NBA figures — has drawn new scrutiny of the booming business of sports betting in the U.S. The multibillion-dollar industry has made it easy for sports fans — and even some players — to wager on everything from the outcome of games to that of a single play with just a few taps of a cellphone. But regulating the rapidly-growing industry has proven to be a challenge. Professional sports leagues’ own role in promoting gambling has also raised eyebrows.
