Cerebras Shares Surge 70% in Debut After Blockbuster AI IPO
Cerebras shares jumped 70% in their market debut after the AI chipmaker completed the largest U.S. IPO of the year amid intense investor demand.
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Amazon, Coinbase and Stripe Launch Payment Infrastructure for AI Agents
By
Emma Clarke
Amazon, Coinbase, and Stripe launched a payment infrastructure enabling AI agents to autonomously conduct stablecoin transactions and digital purchases.
Wall Street Bets Amazon Could Reach $3 Trillion Valuation
Wall Street analysts are increasingly optimistic that Amazon could eventually reach a $3 trillion market value as growth in AWS and logistics continues accelerating.
Amazon to Acquire Globalstar in $11.6 Billion Deal to Expand Leo Satellite Network
Amazon agreed to acquire Globalstar to strengthen its low Earth orbit satellite network and accelerate direct-to-device connectivity. The move intensifies competition with SpaceX’s Starlink.
Amazon Says AI Revenue Tops $15 Billion as Chip Business Exceeds $20 Billion
Amazon reported AI-related cloud revenue above $15 billion and said its chip business now exceeds $20 billion annually. The update highlights growing momentum in its infrastructure strategy.
Amazon Acquires Rivr to Advance Robot-Powered Doorstep Delivery
By
Emma Clarke
Amazon acquires Rivr to develop robots for doorstep delivery and expand automation in last-mile logistics.
Nvidia and Amazon Temporarily Shut Middle East Offices
Nvidia and Amazon temporarily close Middle East offices as companies respond to rising regional tensions.
Berkshire Slashes Amazon Stake, Adds New York Times and Energy Bets
Berkshire Hathaway cuts Amazon and Bank of America stakes while adding New York Times and boosting energy and insurance holdings.
AWS Delivers Fastest Quarterly Growth in Over Three Years
AWS reports its fastest quarterly growth in more than three years, driven by enterprise cloud migration and rising AI demand.
Amazon in Talks to Invest Up to $50 Billion in OpenAI
Amazon is reportedly in talks to invest up to $50 billion in OpenAI as the AI firm seeks funding at an $830 billion valuation.
Nancy Pelosi Reshuffles Portfolio, Shifting From Stocks to Options Across Big Tech
Nancy Pelosi carried out a sweeping overhaul of her investment portfolio, aggressively rotating from direct equity holdings into long-dated call options across major technology stocks. The moves signal a more leveraged and concentrated exposure to Big Tech through 2027.
Amazon Plans Up to $50 Billion AI Infrastructure Investment for U.S. Government
Amazon plans to invest up to $50 billion to build AI infrastructure for U.S. government agencies through AWS.
Amazon Expands Drone Deliveries in Dallas Area, Residents Complain About Noise
Amazon’s drone deliveries debut near Dallas, offering 30-minute service but raising resident complaints over constant noise.
OnlyFans Tops Global Ranking for Revenue Per Employee in 2024
OnlyFans leads a 2024 global ranking of revenue per employee, generating about $37.6 million per worker and outpacing traditional Big Tech names.
Amazon Shares Rise After Launch of New AI Chip Promising Major Efficiency Gains
Amazon shares rise after the company launches its Trainium3 AI chip, offering up to 4.4× more compute power and higher efficiency.