Amazon reported a 37% jump in AWS revenue, driven by its Bedrock platform offering multiple AI models from providers like Anthropic and OpenAI, as CEO Andy Jassy said there will not be one model to ru…
Amazon lifted its full-year capital expenditure forecast to $220 billion on July 30, driven by higher memory costs and surging demand for AI compute, as AWS clocked its fastest revenue growth in 18 qu…
Amazon reported better-than-expected second-quarter earnings with net sales up 20% and AWS revenue rising 37% year over year to $42 billion, sending its stock up nearly 10% in after-hours trading. The…
Amazon beat expectations for quarterly cloud sales growth, with AWS revenue jumping 37% to US$42.2 billion in Q2, and shares rose over 8% after hours. CEO Andy Jassy said AWS is booming and that capit…
AWS revenue grew 37% in Q2 to $42.2 billion, its fastest growth in 18 quarters, driven by AI agent demand. Amazon CEO Andy Jassy said the company's cloud backlog reached $496 billion, up triple digits…
Amazon reported second-quarter 2026 earnings with advertising services revenue up 26% year over year to $19.8 billion and overall profit surging to $62.6 billion, largely due to its investment in AI c…
Amazon is set to report Q2 earnings on Thursday, with Wall Street focused on AWS growth amid heavy AI spending. Analysts project AWS revenue of $40.5 billion, up 31% year over year, as investors weigh…
Humanoid robotics could grow to a $5 trillion market by 2050, Morgan Stanley predicts, with more than a billion robots expected worldwide. KraneShares launched the first US humanoid ETF, KOID, and Hig…
Amazon and Microsoft are expected to spend nearly $400 billion combined on capital expenditures in 2026, with Amazon's capex exceeding $200 billion and Microsoft's around $190 billion, as investors de…
Amazon cut jobs in its artificial general intelligence unit on Wednesday, the team behind the company's Nova family of foundation models and agent tools, as part of a broader corporate reduction that …
Amazon has laid off an unspecified number of employees from its artificial general intelligence (AGI) division, confirmed by a company spokesman on Wednesday, as the company refocuses on core AI initi…
Meta has hired Dave Brown, a nearly 19-year veteran of Amazon Web Services (AWS) who served as senior vice president, to lead its AI data center expansion and build Meta Compute, a potential cloud com…
Amazon CEO Andy Jassy disclosed during the company's Q1 2026 earnings call that Amazon's custom AI silicon business has secured over $225 billion in multi-year revenue commitments, driven primarily by…
Amazon Web Services posted Q1 FY2026 revenue of $37.6 billion, a 28% year-over-year increase and its fastest growth in 15 quarters, driven by surging demand for AI workloads. Amazon plans nearly $200 …
Amazon CEO Andy Jassy said an internal project that once required 40 to 50 people for a year was completed by five AI-focused staff in 65 days, highlighting the tension with Jeff Bezos's claim at the …
Amazon has cut more than 57,000 corporate jobs since 2022, about 16% of its corporate workforce, while planning to spend roughly $200 billion on AI infrastructure by 2026, the largest single-year capi…
Senior AI and tech leaders including OpenAI CEO Sam Altman, Apple CEO Tim Cook, and Meta's Mark Zuckerberg gathered at the Allen & Co. Sun Valley Conference from July 7-11, 2026, in Sun Valley, Idaho,…
Nvidia CEO Jensen Huang said his software engineers prefer building AI agents over writing Python code, arguing that the shift creates jobs rather than eliminating them. Huang positioned the trend as …
Nvidia CEO Jensen Huang said his software engineers prefer building AI agents over writing Python code, as the company shifts focus to agentic systems. Huang argued that AI creates new jobs rather tha…
Amazon sold $25 billion in bonds on July 7, offering extra yield to attract buyers, but demand was the weakest for any hyperscaler since Meta's 2025 bond sale. The deal signals investor pushback again…