AWS CEO Garman says software AI fears are 'overblown'

AWS CEO Garman says software AI fears are 'overblown'

Amazon's cloud business is seeing faster growth than expected, and its margin is widening.

Amazon Web Services CEO Says AI Fears Are Overstated as Software Stocks Reel

Amazon Web Services Chief Executive Matt Garman said investor anxiety over artificial intelligence undermining traditional software companies has likely gone too far, even as the sector posts one of its steepest pullbacks in years. “Look, my own opinion is that much of the fear is overblown,” Garman told CNBC’s Jon Fortt on Thursday, addressing concerns […] The post Amazon Web Services CEO Says AI Fears Are Overstated as Software Stocks Reel app…

AWS CEO Matt Garman isn’t convinced AI spells doom for the software industry – but admits providers will “have to innovate” to stay afloat

Software stocks have taken a beating in recent weeks, but AWS CEO Matt Garman has joined Nvidia's Jensen Huang and Databricks CEO Ali Ghodsi in pouring cold water on the AI-fueled hysteria.