Nascar migrating decades of historical data to Amazon cloud
Amazon (AMZN) has landed a multiyear cloud computing contract from Nascar. The American auto racing body announced early this month that it had selected Amazon as its preferred cloud computing provider.
As part of this deal, Amazon will host more than 70 years of Nascar’s historical racing footage on its cloud platform. Additionally, Nascar will use Amazon’s artificial intelligence technology to automatically tag its archival footage hosted on the Amazon cloud to make it searchable. The automatic tagging of digital content hosted on the Amazon cloud is expected to save Nascar thousands of hours of labor.
Amazon is the preferred cloud provider for major corporations
Amazon is the preferred cloud provider of Comcast (CMCSA), Mobileye, and Samsung (SSNLF), and many other major corporations. Comcast is one of the top cable television and broadband providers in the United States. It also provides wireless services under its Xfinity Mobile brand. Mobileye is an Intel (INTC) company. It selected Amazon as the preferred cloud provider for its autonomous driving business. Mobileye is one Baidu’s (BIDU) suppliers for the Apollo autonomous driving project. Samsung chose Amazon as its preferred cloud provider for its heavy industries business.
Amazon’s cloud revenue rose 41%
Amazon’s cloud revenue increased 41% year-over-year to $7.7 billion in the first quarter, making cloud the company’s fastest-growing business.