The Stack

Andy Jassy thinks AWS can be a $1 trillion annual revenue company in as little as 60 months – an extraordinary projection. More on that, Amazon’s satellite ambitions, DuckDB acquisition, and eye-watering capex figures from its earnings call. Here’s 7 key takeaways from Amazon’s Q3 2026 earnings, from The Stack. 1: AWS has a fire under it AWS grew 39.3% to $46 billion, its fastest clip in nearly five years and sixth straight quarter of acceleration.

This post is for subscribers only Already have an account? Sign in

A sophisticated threat actor has been exploiting Ivanti Connect Secure VPN devices since at least early October – chaining a trio of CVEs for full pre-authentication RCE. Ivanti today (October 29) pushed fixes for two CVEs exploited in the chain, having patched the initial authentication bypass bug, CVE-2026-104935 on October 13. Cybersecurity company Volexity was first to spot exploitation in the wild.

Welcome to Runtime! Today: Microsoft and Google's earnings digested; London Stock Exchange Group’s CTO on who owns AI spending; the neoclouds are staring down some dark clouds on the horizon, and more. Please forward this email to a friend or colleague! If it was forwarded to you, sign up here to get Runtime for free every week, or level up here.

Every enterprise board now wants an agent strategy. Few enterprises have the governance to match. In a Thoughtworks survey of 3,200 CIOs published this month, nearly 3,000 said AI adoption was outpacing their ability to govern it. The gap is widest further down the market. McKinsey found that only 22% of organisations with under $1 billion in annual revenue were scaling AI agents, against 40% of larger firms. Mid-sized companies often lack the engineers to build agents in-house.

Microsoft’s cloud revenue continued to beat expectations as the company profited from its massive AI investments, most notably in Azure, for which it disclosed quarterly revenue in dollar terms for the first time Wednesday. Revenue in the new segment Agents and Infra, which includes Azure and Microsoft products, was up 25% to $76.8 billion during its first fiscal quarter of the year.

Visa is continuing to expand its pool of AI commerce partners and wagering that the limited number of agentic transactions it currently processes will soon swell. In an earnings call on Tuesday, the payments titan revealed it expects to double its nearly 50-strong roster of live AI partners in the coming months, inflating an agentic commerce ecosystem which encompasses the likes of Shopify and Stripe, alongside platform providers Anthropic, OpenAI and Microsoft.

As the financial community analyzes Anthropic's S-1 statement for a sense of the long-term viability of the enterprise AI market, Google dropped a huge data point in the middle of that discussion Wednesday. For the three-month period ending September 30th, Google Cloud reported $30.7 billion in revenue, up 103% compared to the $15.1 billion it reported in the same period a year ago. Operating income for the group soared, from $3.6 billion in Q3 last year to $11.1 billion this year.

Ken Beinert is Chief Technology & Operations Officer at London Stock Exchange Group (LSEG), where he leads the development of its technical and operational architecture. The Goldman Sachs veteran joined the global markets infrastructure and data provider in summer 2025 – and is responsible for its AI transformation strategy. The big focus?

Developers pushed code to GitHub 17.9 billion times in the past year, which was more commits than it saw in the past two years combined and driven primarily by agent use, according to GitHub’s annual Octoverse report. As of September, developers started more than 40% of pull requests with an agent, up from 17% in March according to the report. For a growing share of work, the first move is now directing an agent.