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Amazon

Artificial Intelligence

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

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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...
Latest

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

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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...
Artificial Intelligence

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

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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...
Latest

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

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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...
Acquisitions

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

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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...
Cloud

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

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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...
Latest

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

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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...
Economics

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

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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...
Cloud

Big Tech earnings face more heat as cloud cover fades

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(Reuters) - Big Tech results reinforced concerns a boom in cloud services is easing, limiting a lucrative source of profit when a slowing economy...
Acquisitions

Alexa! Start my Roomba: Amazon buys robot vacuum maker for $1.7 billion

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Amazon.com Inc (AMZN.O) will acquire iRobot Corp (IRBT.O), maker of the robotic vacuum cleaner Roomba, in an all-cash deal for about $1.7 billion in the latest push...

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