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Amazon reported its third quarter results with revenue of $180.2 billion, up 13% year-over-year. Earnings per share reached $1.95, beating expectations and showing strong profit growth. The standout was AWS (Amazon Web Services), which posted $33 billion in revenue—up 20%—and marked its fastest growth since 2022. The cloud unit also delivered more than half of…
U.S. stock index futures climbed on Friday as upbeat forecasts from tech giants Amazon and Apple lifted investor sentiment and helped ease recent jitters. Amazon surged about 11% in early trading after reporting a strong outlook driven by rapid growth in its cloud business, one of the biggest in nearly three years. Meanwhile, Apple’s shares…
Amazon has switched on one of the world’s biggest AI data centers to support Anthropic’s Claude chatbot, marking a major step in the race to build next-generation artificial intelligence systems. The huge facility, built under Amazon’s Project Rainier, is designed to train and run powerful AI models at massive scale. It reportedly uses hundreds of…
Amazon plans to invest €1.4 billion (about $1.63 billion) in the Netherlands over the next three years, according to Dutch daily FD. The investment marks Amazon’s largest committed expansion in the Dutch market since launching there in 2020. The company currently employs around 1,000 people in the country. The funds will support service improvements, logistics…
The California State University (Cal State) system, one of the largest public university systems in the US, is making a massive, system-wide leap into the future by integrating Artificial Intelligence (AI) into its operations and curriculum. This ambitious pivot is being supported by major tech players, including Amazon and OpenAI. Why Cal State is Making…
Amazon has introduced a prototype of new AI-powered smart glasses called “Amelia.” These glasses are designed specifically for the company’s delivery drivers. The wearable includes a small built-in display and a camera. Drivers can press a button on a matching waistcoat to quickly take delivery photos. Amazon is testing the glasses with hundreds of drivers…
As artificial intelligence drives massive energy demand, big tech companies are betting on nuclear power to keep data centers running. Microsoft, Google, and Amazon are leading this charge, exploring both traditional and next-generation nuclear technologies to meet their growing energy needs. Microsoft recently signed a deal to buy power from Three Mile Island, the site…
The Nasdaq suffered its steepest drop since April, tumbling 3.6% on Friday as tech megacaps — Amazon, Nvidia, and Tesla — collectively shed $770 billion in market value. The sell-off followed President Donald Trump’s threat to impose 100% tariffs on Chinese goods and new export controls on “critical software.” The S&P 500 also fell 2.7%,…
Los Angeles — Amazon is expanding deeper into the healthcare sector with the launch of automated prescription vending kiosks at select One Medical clinics across the Los Angeles area. The machines, operated by Amazon Pharmacy, allow patients to pick up commonly prescribed medications directly on-site — a move that could reshape how consumers access basic…
New York — Amazon will pay a record-breaking $2.5 billion settlement to the U.S. Federal Trade Commission (FTC), ending a two-year legal battle over allegations that the company tricked consumers into enrolling in its Prime subscription service and then made cancellations deliberately difficult. The agreement, announced Thursday, includes a $1 billion civil penalty and $1.5…
