OpenAI signs $38B deal with Amazon
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Amazon has bounced back from the 2022 sell-off, but its gains have been relatively muted during the AI boom compared to some of its Magnificent Seven peers.
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Amazon reports higher sales and earnings for 3Q, helped by its fast-growing web services business
Amazon posted higher fiscal third quarter profit and sales compared with a year ago, fueled by accelerating growth in its cloud computing business and strong spending by its customers looking for low prices at a time when inflation is resurging.
Amazon chief executive Andy Jassy’s explanation for why the company is cutting 14,000 employees? Not money. Not even AI, but “culture.”
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Amazon under fire after major outage triggers widespread chaos: 'Great until something goes wrong'
"You really see just how dependent you are." Amazon under fire after major outage triggers widespread chaos: 'Great until something goes wrong' first appeared on The Cool Down.
Amazon.com, Inc. stock is undervalued, with AWS leading the AI-driven cloud market and the OpenAI deal set to boost long-term performance. Click for my AMZN update.
A major outage last week disrupted Amazon's cloud division for 15 hours, affecting hundreds of companies and raising questions about AWS' resilience.
Amazon's cloud business knocked it out of the park and CEO Andy Jassy hinted that the unit is gaining momentum heading into the next few months giving him 'significant confidence' he said.
Verizon Business today announced a new Verizon AI Connect deal with Amazon Web Services (AWS) to provide the resilient high-capacity, low-latency network infrastructure essential for the next wave of artificial intelligence (AI) innovation.
In a complaint filed Oct. 30 with the Oregon Public Utility Commission, Amazon Data Services alleges PacifiCorp has breached statutory and contractual obligations to provide power for new facilities in Oregon.
Business Insider's reporters walk through the big layoffs at Amazon, why the cuts came, and who could be next.