80 F
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78.9 F
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Amazon

Amazon still the online retailer of choice as cloud business faces competition

Amazon will seek to reassure investors on Thursday that its cloud business, a critical driver of profits, is growing at a fast enough clip to...

Amazon to buy startup focused on AI wearables

Amazon has reached a deal to buy San Francisco-based Bee, a startup making an artificial intelligence-enabled bracelet to listen in on and transcribe conversations. Bee's $50...

Amazon hits $2 trillion in valuation on AI fervor, rate cut bets

Amazon.com Inc hit $2 trillion in market value for the first time on Wednesday, becoming the fifth U.S. company to surpass that level as optimism...

Amazon to invest $11 billion in Indiana to build data centers

Amazon.com's cloud-computing arm said it would invest $11 billion in Indiana to build data centers, marking the state's largest capital investment, and promising at least...

Amazon offers free credits for startups to use AI models including Anthropic

Amazon Web Service (AWS) has expanded its free credits program for startups to cover the costs of using major AI models, the company told Reuters...

Amazon’s AWS to invest over $5 bln to boost cloud computing in Mexico

Amazon Web Services Mexico (AWS), a unit of Amazon.com Inc, announced on Monday it will invest over $5 billion to open a cluster of...

Amazon, Roomba-parent iRobot abandon $1.4 billion merger deal

Amazon, opens new tab and robot vacuum maker iRobot said Monday they would end their plans to merge in the face of opposition from EU and...

Microsoft in talks to sign on Amazon as customer in $1 bln cloud tools deal – Insider

Microsoft (MSFT.O) is preparing to bring Amazon.com (AMZN.O) as a customer for its 365 cloud productivity tools in a deal worth over $1 billion, news site Insider reported...

Amazon to invest up to $4 billion in Anthropic, a rival to ChatGPT developer OpenAI

E-commerce giant Amazon on Monday said it will invest up to $4 billion in artificial intelligence firm Anthropic and take a minority ownership position in the...

Big Tech looks to turn the corner on cloud as AI focus stays strong

U.S. tech giants could signal an end to the nearly year-long slowdown in their cloud businesses as signs of economic resilience encourage clients to...

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