Tag: $Amazon

Amazon agreed to acquire satellite operator Globalstar in a deal that would boost the tech giant’s efforts to build its own satellite operation.

Amazon.com (AMZN) said on Thursday its cloud business’s AI revenue run rate was more than $15 billion in the ​first quarter of 2026, the company’s first disclosure of ‌direct financial returns from its artificial intelligence efforts.

Amazon (AMZN) is reportedly in negotiations to acquire satellite company Globalstar (GSAT). But Apple (AAPL) might pose an obstacle to a purchase that would boost the e-commerce company’s push into space.

OpenAI has raised $122 billion ahead of its planned initial public offering. The ChatGPT developer got its biggest backing from Amazon.com (AMZN) as it looks to lessen its dependence on Microsoft (MSFT).

Amazon (AMZN) is making the single largest investment in artificial-intelligence infrastructure among the major U.S. technology companies.

Amazon (AMZN) is ramping up its speedy delivery service by offering 1-hour and 3-hour shipping in markets across the ​U.S., including Los Angeles and Chicago, in its latest efforts to ‌stave off e-commerce competition from its biggest rival Walmart.

Amazon’s Zoox is making its toaster-shaped self-driving vehicles available through the Uber app in Las Vegas starting this summer, the latest sign of momentum in the nascent but fast-growing robotaxi market.

OpenAI has closed a $110 billion funding round, a financing that’s more than double the size of its last raise a year ago, which was a record for a private tech company.

Bath & Body Works Champagne Toast body wash, with no minimum shipping threshold, is now just a click away for Amazon
Prime members.

Amazon shares plunged more than 10% in extended trading Thursday after the company posted mixed fourth-quarter earnings and boosted its 2026 spending forecast to $200 billion.

Long delays to get power grid connections are challenging Amazon’s (AMZN), opens new tab plans to expand data centers in Europe, the company told Reuters, as industries ramp up pressure on policymakers to upgrade ageing energy grids.

OpenAI is in discussions with Amazon about a potential investment and an agreement to use its artificial intelligence chips, CNBC confirmed on Tuesday.

Amazon on Wednesday committed to investing over $35 billion in India’s cloud and artificial intelligence space by 2030, as hyperscalers race to get a foothold in the market.

Italian police carried out searches and seizures at two Amazon sites in Italy on Monday as part of an investigation into the alleged smuggling of Chinese goods, three people with direct knowledge of the matter said.

OpenAI has signed a deal to buy $38 billion worth of capacity from Amazon Web Services, its first contract with the leader in cloud infrastructure and the latest sign that the $500 billion artificial intelligence startup is no longer reliant on Microsoft.

Amazon AMZN reported better-than-expected earnings results, sending its shares heading for a new record high.

Amazon said Tuesday that it will lay off about 14,000 corporate employees, marking the latest cuts in the company’s multiyear effort to rein in costs.

Shares of CVS Health (NYSE:CVS) fell over 1% in premarket trading on Wednesday as Amazon (NASDAQ:AMZN) announced plans to expand its pharmacy business.

 Amazon (AMZN.O), is plotting a big change to its Fire tablet lineup following years of escalating gripes from consumers and app developers over the company’s homegrown operating system.

Hertz Global Holdings (NASDAQ:HTZ) stock surged 12% Wednesday morning while Carvana (NYSE:CVNA) shares fell 5.5% following news that Hertz will begin selling its pre-owned vehicles through Amazon’s (NASDAQ:AMZN) online auto marketplace.