This week, we discuss cloud earnings, what’s driving valuations, and why AWS says it’s still early innings for cloud. Plus, Coté does a deep dive on Shipley Donuts.Watch the YouTube Live Recording of Episode (https://www.youtube.com/live/7Bvu6GKJLPQ?si=Ibj_0pHyLrYJgr14) 532 (https://www.youtube.com/live/7Bvu6GKJLPQ?si=Ibj_0pHyLrYJgr14)Runner-up TitlesDangerous to do things in bedFree Donut HolesDark FiberBETA man can not believe anything that devalues their index funds.They just open sourced last year’s homework.It doesn’t use as many emdashesAnchorman VibesRundownAI & Cloud Trends for July 2025 (https://www.thecloudcast.net/2025/08/ai-cloud-trends-for-july-2025.html)Cloud EarningsMicrosoft posts Q4 beat on top and bottom line on cloud, AI strength (https://finance.yahoo.com/news/microsoft-posts-q4-beat-on-top-and-bottom-line-on-cloud-ai-strength-200602195.html)Clouded Judgement 8.1.25 - The AI Operating Model (https://cloudedjudgement.substack.com/p/clouded-judgement-8125-the-ai-operating?utm_source=post-email-title&publication_id=56878&post_id=169283604&utm_campaign=email-post-title&isFreemail=true&r=2l9&triedRedirect=true&utm_medium=email)Richard Seroter's Architecture Musings (https://seroter.com/)AIOpenAI’s new waited model whatever (https://openai.com/index/introducing-gpt-oss/)Simon Willson says local tool calling might be better (https://simonwillison.net/2025/Aug/5/gpt-oss/)Exclusive: OpenAI Secures Another Giant Funding Deal (https://www.nytimes.com/2025/08/01/business/dealbook/openai-ai-mega-funding-deal.html?smid=nytcore-ios-share&referringSource=articleShare)OpenAI has made $5.25 billion in 2025 so far, and Anthropic $1.5bn. In both cases, I have found a pattern of deceptive leaks of annualized revenues to suggest they're making far more. (https://bsky.app/profile/edzitron.com/post/3lve3kmvt722p)Relevant to your InterestsHow Olipop is sweetening the PTO deal for employees (https://www.fooddive.com/news/olipop-summer-recharge-time-travel-agency/756145/)Anaconda Secures $150M Funding, Hits $1.5B Valuation (https://www.webpronews.com/anaconda-secures-150m-funding-hits-1-5b-valuation/)Figma raises $1.2 billion, creating new playbook for going public in the summer (https://www.axios.com/2025/07/31/figma-ipo-stock-adobe)AI vs. AI: Prophet Security raises $30M to replace human analysts with autonomous defenders (https://venturebeat.com/ai/ai-vs-ai-prophet-security-raises-30m-to-replace-human-analysts-with-autonomous-defenders/)API Simulation Reduces MCP Server, Microservices Overload (https://thenewstack.io/api-simulation-reduces-mcp-server-microservices-overload/)Google loses appeal in antitrust battle with Fortnite maker (https://apnews.com/article/google-antitrust-android-apps-appeal-ceba472d6882c413967f512f2dc56067)Exclusive: More details emerge on how Windsurf’s VCs and founders got paid from the Google deal (https://techcrunch.com/2025/08/01/more-details-emerge-on-how-windsurfs-vcs-and-founders-got-paid-from-the-google-deal/)OpenAI is teasing a GPT-5 release. (https://www.theverge.com/news/718147/openai-teasing-gpt-5-release)Cloud Software Group to Acquire Arctera (https://www.businesswire.com/news/home/20250804310158/en/Cloud-Software-Group-to-Acquire-Arctera)For the first time, OpenAI models are available on AWS | TechCrunch (https://techcrunch.com/2025/08/05/for-the-first-time-openai-models-are-available-on-aws/)Agents or Bots? Making Sense of AI on the Open Web (https://www.linkedin.com/pulse/agents-bots-making-sense-ai-open-web-perplexity-ai-rom0c/?trackingId=WQJoQHyfuX91F3i7ywZwtw%3D%3D)Three weeks after acquiring Windsurf, Cognition offers staff the exit door (https://techcrunch.com/2025/08/05/three-weeks-after-acquiring-windsurf-cognition-offers-staff-the-exit-door/)Apple has now shipped 3 billion iPhones (https://www.engadget.com/big-tech/apple-has-now-shipped-3-billion-iphones-030851439.html)Apple Growth Rebounds on Strength of iPhone 16 Line, China (https://www.bloomberg.com/news/articles/2025-07-31/apple-revenue-tops-estimates-on-strength-of-iphone-china-market?embedded-checkout=true)Apple Earnings; Cook’s AI Comments; Apple’s AI Strategy, Redux (https://stratechery.com/2025/apple-earnings-cooks-ai-comments-apples-ai-strategy-redux/)NonsenseMicrosoft’s Windows XP Crocs are no joke (https://www.theverge.com/microsoft/717965/microsoft-crocs-windows-xp-bliss-wallpaper-theme)Listener FeedbackJD recommends Charm (https://github.com/charmbracelet/crush)ConferencesSpringOne (https://www.vmware.com/explore/us/springone?utm_source=organic&utm_medium=social&utm_campaign=cote), Las Vegas, August 25th to 28th, 2025. See Coté’s pitch (https://www.youtube.com/watch?v=f_xOudsmUmk).Explore 2025 US (https://www.vmware.com/explore/us?utm_source=organic&utm_medium=social&utm_campaign=cote), Las Vegas, August 25th to 28th, 2025. See Coté’s pitch (https://www.youtube.com/shorts/-COoeIJcFN4).Wiz Capture the Flag (https://www.wiz.io/events/capture-the-flag-brisbane-august-2025), Brisbane, August 26. Matt will be there.SREDay London (https://sreday.com/2025-london-q3/), Coté speaking, September 18th and 19th.Civo Navigate London (https://www.civo.com/navigate/london/2025), Coté speaking, September 30th.Texas Linux Fest (https://2025.texaslinuxfest.org), Austin, October 3rd to 4th.CF Day EU (https://events.linuxfoundation.org/cloud-foundry-day-europe/), Frankfurt, October 7th, 2025.AI for the Rest of Us (https://aifortherestofus.live/london-2025), Coté speaking, October 15th to 16th, London.SDT News & CommunityJoin our Slack community (https://softwaredefinedtalk.slack.com/join/shared_invite/zt-1hn55iv5d-UTfN7mVX1D9D5ExRt3ZJYQ#/shared-invite/email)Email the show: questions@softwaredefinedtalk.com (mailto:questions@softwaredefinedtalk.com)Free stickers: Email your address to stickers@softwaredefinedtalk.com (mailto:stickers@softwaredefinedtalk.com)Follow us on social media: Twitter (https://twitter.com/softwaredeftalk), Threads (https://www.threads.net/@softwaredefinedtalk), Mastodon (https://hachyderm.io/@softwaredefinedtalk), LinkedIn (https://www.linkedin.com/company/software-defined-talk/), BlueSky (https://bsky.app/profile/softwaredefinedtalk.com)Watch us on: Twitch (https://www.twitch.tv/sdtpodcast), YouTube (https://www.youtube.com/channel/UCi3OJPV6h9tp-hbsGBLGsDQ/featured), Instagram (https://www.instagram.com/softwaredefinedtalk/), TikTok (https://www.tiktok.com/@softwaredefinedtalk)Book offer: Use code SDT for $20 off "Digital WTF" by Coté (https://leanpub.com/digitalwtf/c/sdt)Sponsor the show (https://www.softwaredefinedtalk.com/ads): ads@softwaredefinedtalk.com (mailto:ads@softwaredefinedtalk.com)RecommendationsBrandon: CalDigit TS4 (https://www.amazon.com/s?k=caldigit+ts4&hvadid=732096899979&hvdev=c&hvexpln=67&hvlocphy=9028322&hvnetw=g&hvocijid=7941701857307590927--&hvqmt=e&hvrand=7941701857307590927&hvtargid=kwd-1436081580619&hydadcr=24768_13517487&mcid=c0ce64ca6a893d599e949f0f42851542&tag=googhydr-20&ref=pd_sl_5zzuafk2xr_e_p67).Coté:Sunday roast at Mount St. Restaurant, London (https://mountstrestaurant.com).Internal developer platform marketing series: part one (https://thenewstack.io/driving-platform-adoption-the-missed-opportunity-of-marketing/), part two (https://thenewstack.io/driving-platform-adoption-part-2-yes-create-t-shirts-to-tout-your-brand/), and part three (https://thenewstack.io/driving-platform-adoption-community-is-your-value/).Photo CreditsHeader (https://unsplash.com/photos/doughnuts-on-box-7lAMbAh_Je4)