Amazon.com Inc.’s $4 billion investment pact with AI firm Anthropic was cleared following heightened UK scrutiny into Big Tech’s spending spree on artificial intelligence software. Tweet on Amazon’s Anthropic acquisition @amazon' s $4Read More
Amazon.com Inc. said it would invest €15.7 billion ($17 billion) in Spain to expand its cloud business in Europe, the biggest outlay Amazon has announced so far on the continent, adding to aRead More
Amazon.com Inc. plans to spend almost $150 billion in the coming 15 years on data centers, giving the cloud-computing giant the firepower to handle an expected explosion in demand for artificial intelligence applicationsRead More
Online shopping giant has looked to rebound after post-pandemic slowdown Amazon.com said profit tripled to nearly $10 billion from July to September as strong sales in its cloud-computing, advertising, and retail units helpedRead More
Amazon.com shares finished Friday sharply higher, with the mega-caps gains helping to support a drooping S&P 500. The e-commerce giant rose over 8% adding more than $100 billion in market cap, according toRead More
E-commerce giant, Amazon is looking for ways to sell more services and compete with Microsoft and Google in generative artificial intelligence. Tweet on Amazon AI cloud service Amazon Is Spending $100 Million toRead More
Amazon.com Inc.’s proposed $1.7 billion deal to buy robot vacuum firm iRobot Corp. was given the all-clear by the UK’s antitrust agency, sending shares in the Bedford, Massachusetts firm soaring. The deal willRead More
Amazon.com Inc. layoffs will affect more than 18,000 employees! That sums to the highest reduction tally revealed in the past year at a major technology company as the industry pares back amid economicRead More
Tech giants soared in the aftermath of Covid-19. Amazon.com investors just saw their post-Covid gains erased! Mega-caps have been battered by rising inflation, the Federal Reserve’s interest-rate increases, and a slowing economy. TweetRead More
Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy signed a hydrogen supply deal with Amazon (NASDAQ: AMZN) In order to provide liquid greenRead More
