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Here's your Tn B Tech Minute for Tuesday, April 30th.

I'm Alex Osala for the Wall Street Journal.

Amazon has reported record first-quarter sales as the artificial intelligence boom

powered growth in its cloud computing unit. Revenue rose 13% to reach a hundred forty three

point three billion dollars an all-time high in the January to March period and profit

surge to ten point four billion dollars. Both figures exceeded Wall Street expectations.

Sales in the Amazon Web Services Cloud Computing

arm, a critically important profit center for Amazon,

increased more than 17% in the first quarter to about $25 billion.

The division's operating profit rose nearly 84%.

Shanghai Jao, who founded Binance, the world's biggest crypto exchange, has been sentenced to four months in jail.

In November, Jao pleaded guilty to violating U.S. anti-money laundering requirements.

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