'No Leader' in Amazon Health Venture, Chervitz Says

The video discusses the potential for innovation in the healthcare sector by major companies like Amazon, JP Morgan, and Berkshire Hathaway, aiming to reduce costs by eliminating middlemen. It also analyzes Amazon's market strategies, including its involvement in the grocery and cloud businesses, and the competitive landscape. The tech industry's earnings and market competition are reviewed, with a focus on Amazon's future prospects in e-commerce and cloud services. Finally, the video examines the changing sentiment in the tech industry, particularly regarding Apple and the iPhone X.

What is the significance of the cloud business for Amazon as mentioned in the text?

What does the text suggest about the future of technological change in the cloud business?