AMANDA at the South Pole is the world's largest high-energy neutrino telescope. It is an integral part of the IceCube neutrino observatory presently under construction at the same location. Both detectors use optical sensors, sensitive to Cherenkov radiation, embedded in a large volume of ice. AMANDA comprises 677 optical sensors in operation since 2000. IceCube combines two arrays of optical sensors: The subsurface array InIce, which consists of 80 strings with 60 digital optical modules embedded from 1450 to 2450 meters below the ice surface, and the surface array IceTop, which will measure cosmic rays an will provide a veto. Construction of IceCube started in 2005; 540 in-ice digital optical modules have already been deployed. Once completed in five years, IceCube will be a cubic kilometer neutrino and air shower detector with unprecedented sensitivity to extraterrestrial neutrinos. In this talk recent results from AMANDA will be presented and a summary of the performance of IceCube will be provided.