- AWS now 71% of Amazon's operating income - Microsoft's "intelligent cloud" segment on pace to be its biggest biz within a year For all the recent narrative somersaults in tech, software is still eating the world, it's just mostly eating the enterprise scaffolding of the world.
This is def true in finance. My new job is building a global payments/liquidity platform in the cloud which would never have happened even 5 yrs ago. A hedge fund dev I spoke to mused that we might live to see the NYSE move to the public cloud in our lifetimes. Crazy times.