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Amazon cloud giant AWS wants public sector to embrace AI
Amazon cloud giant AWS wants public sector to embrace AI

Amazon's AWS, the world's biggest cloud computing outfit, is making a major push to persuade the public sector to join the artificial intelligence revolution, as the generative AI race with Microsoft and Google heats up. The scramble for public sector adoption of generative AI comes as Microsoft’s cloud business as well as Google Cloud are trying to bite into AWS leadership of the market.

US new home sales come in below expectations in May
US new home sales come in below expectations in May

Sales of new homes in the United States were weaker than traders expected last month, according to government data published Wednesday, as mortgage rates remained high. The popular 30-year fixed-rate mortgage sits at just under 6.9 percent, according to the government-sponsored firm Freddie Mac, which buys and guarantees existing mortgages.