SAN FRANCISCO, California – The head of Amazon's AWS cloud computing business, Adam Selipsky, who was helping lead the company's expansion into artificial intelligence , told workers he was stepping down on Tuesday.Amazon Web Services is a key subsidiary of the tech giant, having made $25 billion worldwide in the first quarter, capitalizing on the growing appetite among businesses for remote computer and AI services.
'Matt has an unusually strong set of skills and experiences for his new role,' said Amazon CEO Jassy.A pioneer of e-commerce, Amazon also dominates the cloud. AWS had 31 percent of the cloud computing market at the end of 2023, according to Stocklytics.But rivals Microsoft and Google are gaining ground with their cloud businesses, with 24-percent and 11-percent market share, respectively.