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Amazon: Latest News and Analysis

Yahoo Finance
Nvidia Stock Investors Just Got Great News From Amazon and Google
Nvidia shareholders have little to fear from Amazon's custom AI chips Amazon Web Services (AWS) is the largest public cloud. It accounted for 31% of cloud infrastructure and platform-services spending ...
The Register
Amazon leaves Snowcone data migration boxes and older Snowball edge kit out to melt
Don't worry, existing users have another year to use 'em or lose 'em Amazon Web Services is pulling the plug on its Snowcone data migration devices and will sunset all but the latest crop of its ...
Business Insider
AWS is negotiating a huge deal to supply IBM with Nvidia GPUs via the cloud
The talks highlight continued demand for Nvidia GPUs. A deal like this would also provide a boost for Amazon's AI business.
Yahoo Finance
Amazon Web Services to Reportedly Supply IBM with Nvidia GPUs for AI in $475 Million Deal
Amazon Web Services is set to provide IBM with Nvidia GPUs for artificial intelligence projects in a five-year deal ...
Yahoo
Amazon Is Desperately Trying to Bring Alexa Up to Par With ChatGPT
Between the "smart" assistant's 2014 introduction and late 2022, Amazon's Worldwide Digital unit lost over $10 billion on Alexa alone. Despite countless hardware iterations and plenty of ads ...
ARPU
Amazon Steps Up Effort to Rival Nvidia in AI Chip Market

Amazon is making significant strides in its quest to challenge Nvidia's dominance in the AI chip market, reports the Financial Times. The tech giant's cloud computing division is investing heavily in custom chips, spearheaded by Annapurna Labs, a chip start-up acquired by Amazon in 2015.

The

Yahoo
1 AI Stock May Be Worth More Than Apple, Microsoft, Amazon, and Tesla Combined by 2030, According to a Wall Street Analyst
1 AI Stock May Be Worth More Than Apple, Microsoft, Amazon, and Tesla Combined by 2030, According to a Wall Street Analyst was originally published by The Motley Fool One of Wall Street's most ...
Yahoo Finance
Luzern eCommerce Announces Strategic Acquisition of Tambo
By adding Tambo's advanced consultancy, analytics, and Amazon Marketing Cloud expertise, Luzern eCommerce now delivers a powerful end-to-end solution. The combination of cutting-edge technology and ...
Reuters
Exclusive: Amazon developing driver eyeglasses to shave seconds off deliveries, sources say
Amazon is developing smart eyeglasses for its delivery drivers to guide them to, around and within buildings, as it tries to smooth the final stretch of an order's journey to a customer's home, five ...
Business Insider
Salesforce's new AI platform lets companies build their own digital agents to automate tasks
Salesforce's vice president of business development shares how the company is providing automation solutions on platforms such as Slack.
Yahoo
Amazon Music Is Free for Three Months With This Limited-Time Deal Ahead of the Holidays
Prime Day may be over but Amazon is keeping the deals going this holiday season with a new promo for Amazon Music. Starting today, the retailer is offering a free three-month trial to Amazon Music ...
Forbes
Amazon Confirms Data Breach Exposed 2,800,000 Lines Of Employee Data
In a significant development that underscores the lasting impact of 2023's MOVEit vulnerability, Amazon has confirmed that employee data was compromised through a ...
The Verge
Amazon confirms employee data breach, but says it’s limited to contact info
Work contact info like email addresses, phone numbers, and building locations were included in a leak that dates back to last year.
Financial Times
Amazon steps up effort to build AI chips that can rival Nvidia
Annapurna’s latest work is expected to be showcased next month when Amazon announces widespread availability of ‘Trainium 2’, part of a line of AI chips aimed at training the largest models. Trainium ...
TechCrunch
Amazon attempts to lure AI researchers with $110M in grants and credits
AWS is launching a new program, Build with Trainium, that'll provide free credits and resources to AI researchers.
Reuters
Amazon offers free computing power to AI researchers, aiming to challenge Nvidia
Amazon.com's cloud computing unit on Tuesday said it will offer free computing power to researchers who want to use its custom artificial intelligence chips, aiming to challenge Nvidia's popularity ...
Business Standard
Swiggy recruits senior leadership from Flipkart, Amazon amid expansion bid
Swiggy is set to debut on the Indian stock exchanges on Wednesday, marking a milestone in the next phase of the company. The company launched its high-profile initial public offering last week
Reuters
Walmart to offer independent drivers new holiday bonuses in battle with Amazon
Walmart will pay independent delivery drivers new financial incentives to pick up online orders at its U.S. stores and deliver them to shoppers during the...
Reuters
Amazon mulls new multi-billion dollar investment in Anthropic, the Information reports
Amazon.com is in talks for its second multi-billion dollar investment in artificial intelligence startup Anthropic, the Information reported on Thursday,...
Reuters
Czech online grocer Rohlik partners with Amazon in Germany
Czech Republic-based online grocer Rohlik Group will partner with Amazon for e-grocery services in Germany to help it expand in Europe's biggest economy,...
Reuters
Amazon to invest $1.3 bln in Italy data centre business
Amazon's computing unit AWS on Thursday said it planned to invest 1.2 billion euros ($1.3 billion) in Italy over the next five years in a further expansion...
Reuters
India raids offices of sellers using Amazon, Flipkart platforms, sources say
India's financial crime agency has raided offices of some sellers operating Amazon and Walmart-owned Flipkart in an investigation into alleged violations of...
CNBC
Pinterest stock plunges following weak Q4 revenue guidance
Pinterest reported third-quarter earnings on Thursday that beat on the top and bottom lines.
Reuters
Amazon must face third union election at Alabama warehouse, NLRB judge rules
A National Labor Relations Board administrative judge has ordered a third union election at an Amazon warehouse in Alabama, ruling that the company had...
Reuters
Deforestation in Brazil's Amazon rainforest falls to lowest since 2015
Deforestation fell 30.6% in the 12 months through July compared to the same period a year prior.
Reuters
Trump expected to shift course on antitrust, stop Google breakup
Donald Trump will likely dial back some of the antitrust policies pursued under the administration of President Joe Biden, potentially including a bid to...
CNBC
Jeff Bezos, Sam Altman, Tim Cook and other tech leaders congratulate Trump on election win
Leaders including Jeff Bezos, Sam Altman and Tim Cook congratulated the president-elect and said they looked forward to working with his...
Reuters
Amazon CEO denies full in-office mandate is 'backdoor layoff'
Amazon CEO Andy Jassy said at an all-hands meeting on Tuesday that the plan to require employees to be in-office five days per week is not meant to force...
CNBC
Amazon CEO Andy Jassy denies that 5-day office mandate is a 'backdoor layoff'
Amazon CEO Andy Jassy denied speculation that the recently announced RTO mandate was made to further reduce head count or appease city...
CNBC
Amazon gets FAA approval for new delivery drone as it begins tests in Arizona
Amazon says it has received approval from the FAA to fly its newer, smaller delivery drones, including beyond the visual line of sight of...
CNBC
Dominion Energy is discussing small nuclear reactors with other tech companies after Amazon agreement
Tech companies are investing in nuclear power as they hunt for carbon-free, reliable electricity to support artificial intelligence data...
CNBC
From nuclear to quantum computing, how Big Tech intends to power AI's insatiable thirst for energy
A huge upswing in the number of data centers shows no signs of slowing down, prompting Big Tech to consider how best to power the AI...