Tag: amazon
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Amazon sued by FTC and over 20 US states
Aug 31 : The U.S. Federal Trade Commission on Monday sued Amazon.com, with more than 20 U.S. states joining the lawsuit, according to court records.The agency planned to file a lawsuit, alleging Amazon manipulated prices for advertisements on its e-retail platform, the Wall Street Journal reported earlier in
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Amazon plans drone delivery expansion to about 500 US locales
SAN FRANCISCO, Aug 19 : Amazon said on Wednesday it will expand its drone delivery service to reach hundreds of U.S. cities and towns by year end, up from 11 locations where it currently operates serving multiple surrounding communities. The expansion comes more than a decade after founder Jeff Bezos showed
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Joshua Kushner’s Thrive Capital discloses $215 million Amazon stake
Aug 14 : Joshua Kushner’s Thrive Capital held Amazon shares worth about $215 million as of the end of June, a regulatory filing showed on Friday, adding to the venture capital firm’s list of tech and AI investments. Known for its early investments in companies that have gone on to dominate their sectors, incl
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Twitch users can now block Amazon from using their content to train AI
The streaming platform’s users criticised the move to allow the use of channel content for AI training.
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Amazon founder Bezos nears deal to buy stake in Liverpool: Reports
The investment would reportedly value Liverpool at about US$5.9 billion, making it one of the largest valuations ever achieved in a football club deal.
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Amazon loses US court ban on Perplexity’s AI shopping tools
Aug 4 : A U.S. appeals court on Tuesday overturned a ruling that had temporarily barred Perplexity from using its AI-powered agentic shopping tools on Amazon’s platform.In a novel legal dispute, the San Francisco-based 9th U.S. Circuit Court of Appeals determined that Amazon was unlikely to succeed on its
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Amazon enters $3 trillion club as AI, cloud growth power rally
Aug 3 : Amazon’s market value topped $3 trillion for the first time on Monday, helped by a sharp rally following strong earnings and signs that the AI boom is driving fresh demand for its cloud-computing services, the company’s main profit engine.Its shares were last up 5.5 per cent at $286.20, hitting a reco
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Amazon enters $3 trillion club as AI optimism sweeps through Wall Street
Aug 3 : Amazon touched a $3 trillion market capitalization for the first time on Monday, joining a handful of Wall Street giants at the top as a wave of renewed artificial intelligence optimism lifted technology stocks to new highs. Its shares were last up 3.1 per cent at $279, hitting a record high and…
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Amazon soars as cloud revenue surge allays fears over ballooning AI bets
July 31 : Amazon shares surged 13 per cent premarket on Friday after the tech giant’s solid cloud sales growth reinforced investor confidence in its massive AI bets and quashed any concerns about the company trailing its Big Tech rivals in the AI race. The e-commerce and cloud titan posted its strongest cloud
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Amazon jumps as AWS growth soothes fears over rising AI spending
July 31 : Amazon shares jumped more than 12 per cent before the bell on Friday after the e-commerce and cloud giant posted its strongest cloud growth in over four years, bolstering investor confidence that its multibillion-dollar AI bets are driving a fresh wave of demand.The rally put Amazon on track to add
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