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And broader Cloud players had great years too, from MongoDB to Cloudflare to Azure, if not quite as crazy as at the peak of 2021. So there is plenty of reason for at least modest optimism for 2024.: And Gartner still predicts overall Cloud spend will grow to record rates in 2024. I’m betting that’s not 2024-2026.
Cloud Capex in Q1 AWS $14 billion Azure $14 billion Google Cloud $12 billion These are not one-time investments, but part of a broader trend that started to occur after the introduction of GPT 3 in mid-2020 Amazon was the first to invest significantly. 8 percentage points increased margins in a quarter is titanic.
In second place, Microsoft’s AI business, including Azure, is at a $3.25b Q4 revenue. For OpenAI and Anthropic, I estimated Q4 revenues by taking 40% of their reported 2024 annual projections. NVIDIA’s data center business dominated the field, generating $31b in Q4 revenue with impressive margins exceeding 70%.
It’s worth pointing out that Azure is a bit above the long term trendline, while AWS is still below (but accelerating up). I’ll get into more data later on - but forward estimates largely remained unchanged coming out of Q1 earnings (meaning full year 2024 estimates stayed the same pre / post earnings).
Every week I’ll provide updates on the latest trends in cloud software companies. As we head into the end of 2024 I wonder if a similar, but even stronger, budget flush will play out. Follow along to stay up to date! Subscribe now Budget Flush Coming? First - what is a budget flush? The macro has only gotten stronger.
Every week I’ll provide updates on the latest trends in cloud software companies. You can see some quotes from Azure / AWS in my Q2 recap , and pasted below. AWS was the the most positive sounding when it came to trends around optimizations. On Tuesday, Azure and Google spooked the market. which feels unlikely.
Consumption continued to grow in the month of October…Consumption trends have improved.” “Yes, we actually saw quite a bit of energy coming from the Azure platform this quarter. ” For startups operating within data, which tops buyers’ lists , this news further signals a stronger market in 2024.
Every week I’ll provide updates on the latest trends in cloud software companies. While it is too early to call an end to cloud optimization and a significant level of macro uncertainty remains, these new trends, along with the tenor of our customer interactions are encouraging.” Follow along to stay up to date!
It looks at the YoY dollar change in quarterly revenue from the hyperscalers (just looking at Azure / AWS because the data goes back further) going back a few years. If we break this down and look at Azure and AWS independently (graphs below), you’ll see how the AWS “swings” were a lot more volatile.
AI is already everywhere: in 2024, 78% of organizations reported using AI ( up from 55% in 2023 ). billion into AI in 2024 (about 12× China’s $9.3B). American institutions produced far more top AI models than any other country in 2024 – roughly 40 notable models from U.S. also leads in AI funding: 2024 saw $109.1
Every week I’ll provide updates on the latest trends in cloud software companies. AWS (Amazon), Azure (Microsoft), and Google Cloud (Google) all reported this week. It’s pretty well understood that consumption trends will bottom and reverse prior to seat based purchasing. Azure came in at 31% (constant currency).
In 2024, we believe the revenue opportunity will be multiples larger in the enterprise. Moreover, nearly every single enterprise we spoke with saw promising early results of genAI experiments and planned to increase their spend anywhere from 2x to 5x in 2024 to support deploying more workloads to production. A multi-model future.
Every week I’ll provide updates on the latest trends in cloud software companies. Early Look at May Consumption Trends This week kicked of Q1 earnings reports for companies with April quarter ends. This means we got commentary for the first time on May trends. Follow along to stay up to date! What did we learn?
Every week I’ll provide updates on the latest trends in cloud software companies. Subscribe now OpenAI Updates OpenAI had their big developer day this week, and I wanted to call out two key announcements (and trends): increasing context windows and decreasing costs. 2024 will be the year of AI applications!
Every week I’ll provide updates on the latest trends in cloud software companies. Said another way, I believe that software valuations were holding up so well in the face of a ~5% 10Y because the market expected acceleration and 2024 numbers to come up. Maybe with the exception of hyperscalers (particularly Azure).
Every week I’ll provide updates on the latest trends in cloud software companies. Next week we get all 3 hyperscalers reporting (AWS from Amazon, Azure from Microsoft, and GCP from Google). If we look at the trends in their most recent quarters YoY growth rates (below) you’ll see the deceleration has been meaningful.
Every week I’ll provide updates on the latest trends in cloud software companies. Follow along to stay up to date! Subscribe now Q1 Software Earnings Are… Not Good We’re about halfway through Q1 earnings season, and it’s not been pretty. So far - you’re either tied to AI tailwinds, or it’s rough out there.
Every week I’ll provide updates on the latest trends in cloud software companies. A 2023 recession feels less likely, with 2024 being the more realistic timing if we do in fact get to a deeper recession. Follow along to stay up to date! Thoughts on a Wild Start of the Year Today is a bit of a longer post, but lots to talk about.
In fact, Gartners 2024 AI report advises organizations that want to use generative AI on private data to prioritize RAG investments. It can be used for RAG by orchestrating calls to Azure Cognitive Search (a vector search service) and an LLM (like Azure OpenAI Service).
The importance of such rapid alerting was highlighted during the CrowdStrike outage in July 2024, emphasizing the need for swift responses. Industry users have praised Live Traffic Alerts for giving teams greater control over alert settings and improving data trend analysis.
Key examples are Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform, which provide scalable resources like virtual servers and storage. Reports : With customizable reports , Mixpanel enables you to visualize data and track trends over time. What are the benefits of the SaaS model? Mixpanel analytical dashboard.
Custom Reports & Google Analytics Integration Export performance data to CSV/Excel for deeper insights or offline sharing Integrate with Google Analytics for advanced web tracking This lets you analyze traffic trends, user behavior, and engagement alongside your other web properties. connects your knowledge base with your identity system.
Pro (Feb 2024) matched Gemini 1.0 In 2024 Anthropic released Claude 3 (family: Opus, Sonnet, Haiku) , and in 2025 Claude 4 (Opus 4 & Sonnet 4). In April 2024 Meta released Llama 3 with 8B and 70B parameter versions, trained on ~15 trillion tokens. In late 2024 they launched Mistral Large 24.11 (123B parameters).
💡 Learn more : TikTok Algorithm Guide 2024 Ideally, you should post videos at least once every day. If you’re just using trending sounds, your “hook” is the text or visual that pauses a watcher in their tracks. Capitalize on the latest trends There are three ways to use trends on TikTok: a.
Every week I’ll provide updates on the latest trends in cloud software companies. ” “Azure OpenAI usage more than doubled over the past 6 months” “GitHub Copilot enterprise customers increased 55% quarter-over-quarter” Google on AI “Gemini API calls have grown nearly 14x in a 6-month period.”
Access and integration : Some LLMs offer public APIs or cloud deployment (ChatGPT, Claude, Mistral on Azure), while open models can be self-hosted. Cutting-edge open LLMs: In July 2024, Mistral released Mistral Large (24B parameters) as its flagship model. Major clouds like Azure even host Mistral Large for free deployment.
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