The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 10 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Evans: Amazon Ads Yield Operating Profit Equal to AWS Without Massive Capex
“So if you apply that to 40, forty billion dollars, you get whatever it is, 20, over twenty billion dollars which is roughly the same as AWS, so roughly equivalent operating profit as AWS, And without AWS's 10 or twenty billion dollars of capex attached to it.”
Evans: Amazon's ad business almost certainly creates more cash flow than AWS
“So it's got to have at least the same margins as Alphabet, which is like 60% operating margin if you exclude the R&D. And there's no CapEx. There's no incremental CapEx. So this thing is almost certainly producing significantly more cash flow than AWS.”
Evans: Azure beat Google Cloud due to superior enterprise sales
“AWS is mostly lower level building blocks. Azure is mostly high level building blocks. Totally beat Google Cloud, mainly because of like knowing how to sell to enterprise and knowing how to build what enterprises have.”
Evans: Standalone AI primitives fail against AWS and Azure
“And of course this didn't really work because That level of primitive was actually better done inside AWS or inside Azure rather than as a standalone startup. And B, if you're like Caterpillar or like Chase, you can't Chase, like you can't buy natural language…”
Evans: Google Cloud is far behind AWS and Azure in digital transformation
“The big part of Azure and AWS is digital transformation. It's what Google Cloud would love to be, but it's quite a long way behind.”
Amazon scales by treating all internal business metrics and operations as APIs
“The theory of Amazon is that everything is an API. Everything is autonomous. Your financial metrics are visible internally. Your business metrics are accessible through an API. So when Germany does shoes, they hire five people, The German shoe team plugs into …”
Evans: Applications Captured Most Cloud Value, Not Hyperscalers
“Because that's kind of what happened with cloud. For example, there's only three hyperscalers, but, and yet like most of the applications are built by other people and most of the value is captured by people who run on AWS.”
Evans: Google, AWS, and Microsoft Cloud Capex Will Near $100B in 2023
“Google AWS, Microsoft probably spent, will probably spend a hundred billion dollars on cloud capex this year.”