The software giant beat on both revenue and net income guidance as demand for AI-enabling services soared.
In a catch-up play, Amazon is backing a company that has launched a competing product to the ChatGPT juggernaut. Who’s who in the race?
The online giant’s shares have gained 50% this year, pushing the company to a valuation of a hefty $1.3tn. But still some 30% below record high.
Amazon made $9.66bn in subscription revenue in its most recently reported quarter, which mostly came from Prime.
Generative AI generated a massive surge in cloud and artificial intelligence plays. Why was Amazon the outlier?
The tech giant picked up $3.2bn in profits, up from a $3.8bn loss a year ago, largely thanks to its cost cuts and layoffs.
The move could signal another impending wave of layoffs for the tech industry.
The EU regulator’s case against Amazon may have reached a conclusion, and the implications for the industry could be widespread.
Amazon plans a layoff of mass proportions just as its founder gears up for a giveaway of mass proportions. Go big or go home, as they say.
Tech giant Amazon has added to its woes with a disappointing Q4 forecast leaving a sour taste in investors’ mouths.
Looks like this year, Amazon investors might be getting something worse than coal for Christmas: nothing at all. As you can imagine, shares are pretty crushed about it.
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