Regulations, Innovations and AI Define This Week in Big Tech

pymnts.com Big Tech companies, including Meta, Alphabet (Google), Amazon, Apple and Microsoft, aren’t getting any smaller. Not only do these businesses represent many of the world’s…

What is weighing on CEOs’ minds this earnings season?

economist.com Schumpeter likes to write—and receive—handwritten letters. When he got out his pen last year and wrote to Larry Fink, boss of BlackRock, he explained to the…

Amazon removed Just Walk Out from many of its own stores but wants to sell the system to others

apnews.com Amazon wants the public and - especially other businesses - to know it’s not giving up on its . Although the company is ditching the at its Amazon Fresh grocery stores, it…

Amazon cloud unit kills Snowmobile data transfer truck eight years after driving 18-wheeler onstage

cnbc.com At Amazon's annual cloud conference in 2016, the company captured the crowd's attention by driving an 18-wheeler onstage. Andy Jassy, now Amazon's CEO, called it the…

Snowmobile, Amazon's truck-powered migration service, reaches the end of the road

theregister.com Amazon Web Services is abandoning its fleet of Snowmobile data haulers, the trucks packed with petabytes of spinning disks designed to get large enterprises into the cloud.…

Amazon is removing Just Walk Out at its grocery stores and plans to sell the tech to businesses

fastcompany.com Amazon wants the public and—especially other businesses—to know it’s not giving up on its Just Walk Out technology. Although the company is ditching the cashier-less…

Amazon's health boss believes it's not 'acceptable' for customers to get a 'surprise bill' when they come to pay for medication

fortune.com Amazon Health Service’s chief medical officer says it’s unreasonable to keep customers in the dark about how much their medication will cost until they reach the…

Booming AI demand threatens global electricity supply

ft.com Elon Musk and Andy Jassy among tech chiefs warning that power-hungry data centres are a bottleneck in developing artificial intelligence

Analysts reassess Amazon stock price targets ahead of earnings

thestreet.com On July 16, 2002, Jeff Bezos, founder and then-CEO of Amazon (AMZN) , said that the company was "putting out the welcome mat for developers." The internet behemoth was…

Amazon Puts All Three Claude AI Models on Bedrock

pymnts.com Amazon Bedrock now features all three versions of Anthropic’s Claude 3 artificial intelligence (AI) model. That makes Bedrock the first and thus far only managed service to…

Amazon is filled with garbage ebooks. Here’s how they get made

vox.com If you’re a millennial, you may remember that specific moment in time around the late 2000s when streaming video technology had just gotten good but there weren’t that many…

3 AI Stocks to Buy Now: Q2 Edition

investorplace.com AI stocks to buy now as the pace of innovation in the technology accelerates Just like electricity and the internet unleashed significant economic growth, artificial…

Rallying Cry: 3 Momentum Stocks Surfing Toward Even Greater Gains

investorplace.com According to , “Momentum investing is a trading strategy in which investors buy securities that are rising and sell them when they look to have peaked.” Typically, momentum…

CE 100 Index Slips 2% as Bank Earnings Spark Decline

pymnts.com Earnings season has begun, and at least initially, investors seemed nonplussed. Despite resilient consumer spending, inflation’s sticky too — and pressures are evident in…

Ready to Invest in Artificial Intelligence (AI)? 2 Stocks That Are Solid Bets

finance.yahoo.com Everyone's been talking about artificial intelligence (AI), and it may be one of the hottest investment areas today. Why? Because the technology has the potential to…

3 Red-Hot Stocks With Long-Term Growth Potential

investorplace.com Don't let momentum push you away from what could be the market's best long-term winners Many value investors may ignore the red-hot stocks in the market just because of…

2 Billionaire Investors Are Selling Nvidia and Buying This Artificial Intelligence (AI) Stock Instead

finance.yahoo.com It's no secret that artificial intelligence (AI) is the hottest game in town for investors. Much of the big gains for the stock market in 2023 and 2024 have been driven by…

Amazon's AI Goals Could Hit Workforce As Broader Tech Sector Layoffs Recede - Amazon.com (NASDAQ:AMZN)

benzinga.com The tech industry continues to experience layoffs, and Amazon.com Inc AMZN is a significant player in shaping these trends. What Happened: Amazon CEO Andy Jassy recently…

Amazon’s New Video Ad Chief Is the Latest Former NBCUniversal Exec to Join Big Tech

observer.com Amazon continues to build out its advertising team after making the move to introduce ads to Prime Video for basic subscriptions. The tech giant’s latest addition is Krishan…

What Amazon’s Shareholder Letter Didn’t Say

theinformation.com We’re approaching that time of the year when most public companies hold their annual shareholder meetings, theoretically giving investors both large and small a chance to…

Startups Weekly: So are we all working from home now?

techcrunch.com Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Sign up here to get it in your inbox every Friday. In the corporate…

Amazon’s marketplace is broken

fastcompany.com On Thursday, Amazon CEO Andy Jassy released his third letter to shareholders since Jeff Bezos departed the company to go build an island compound in Miami. That annual memo…

Amazon CEO Andy Jassy isn’t sold on Steve Cohen’s 4-day workweek: ‘We still don’t know yet where we’re going to end up’

aol.com Amazon has long made it clear it wants employees back in the office, so it should be no surprise that CEO Andy Jassy revealed he wasn't sold on the thesis that a four-day…

Getting testy

reason.com This is only a test: Yesterday, Harvard became the latest elite college to announce that it would reverse its test-optional policy for student applicants. California…

Inside Andy Jassy's plan for Amazon in the generative AI era

aol.com None This post originally appeared in the Insider Today newsletter. • None You can sign up for Business Insider's daily newsletter here. Happy Friday! Tax day is Monday, but…

Amazon CEO: Don't Wait for Us to Launch a ChatGPT Competitor

pcmag.com If it seems like Amazon is lagging behind competitors like Microsoft, Google, and OpenAI when it comes to generative AI, CEO Andy Jassy has an explanation. In his annual…

Andy Jassy isn't sold on Steve Cohen's four-day workweek

fortune.com Amazon has long made it clear it wants employees back in the office, so it should be no surprise that CEO Andy Jassy revealed he wasn’t sold on the thesis that a four-day…

Elon Musk’s xAI Takes on OpenAI: $4 Billion Funding Goal Set

beincrypto.com Elon Musk’s nascent artificial intelligence venture, xAI, has set its sights on securing between $3 billion to $4 billion in funding, eyeing a valuation of $18 billion.…

Amazon Stock Hits All-Time High

forbes.com Amazon hit a new record share price Thursday for the first time since July 2021, completing its dramatic recovery from its 2022 doldrums as investors seemingly can’t get…

Walmart Aims to Regain Healthcare Lead Over Amazon

pymnts.com With Amazon having just recently pulled ahead of Walmart in health and wellness, the latter is looking to regain its lead by expanding its presence in the space. The…

Hong Kong stocks drop over 2% as Asia markets trade mixed ahead of China data

cnbc.com An aerial view of a container ship leaving the dockyard in Qingdao in east China's Shandong province. Asia-Pacific markets were mixed Friday after an inflation-fueled…

Amazon adds Andrew Ng, AI visionary and Baidu alumnus, to its board

scmp.com Ng’s AI Fund, which he founded in 2017, invests in entrepreneurs building artificial intelligence companies. Previously, he led AI teams at the Chinese tech company Baidu…

Amazon CEO Andy Jassy touts AI push in shareholder letter

aol.com Amazon CEO Andy Jassy outlined the e-commerce giant's approach to artificial intelligence (AI) development in his annual letter to shareholders released Thursday. Jassy…

Amazon Taps Longtime NBCU Exec Krishan Bhatia To Lead New Global Video Ad Sales Team

deadline.com Longtime NBC ad sales executive Krishan Bhatia has landed at Amazon as VP, Global Video Advertising Sales, a new position for a new team within ad sales focused on streaming…

Andy Jassy says Amazon has a ‘great relationship’ with sellers. Longtime sellers say it’s ‘the worst it’s ever been’

aol.com Amazon CEO Andy Jassy trumpeted the benefits that the tech giant provides to online sellers in an CNBC interview on Thursday, but his comments came across as tone-deaf to…

Amazon CEO Andy Jassy touts AI in annual shareholder letter

seattletimes.com In his annual letter to shareholders, Amazon CEO Andy Jassy said artificial intelligence "may be the largest technology transformation since the cloud."

Markets News, April 11, 2024: Tech Leads Stocks Higher as Investors Mull Mixed Inflation Data

investopedia.com Shares of tech giants Alphabet (GOOG; GOOGL) and Amazon (AMZN) were up about 2% late in the session Thursday, bringing both stocks within fractions of a percentage point of…

GenAI will be bigger than the cloud or the internet, Amazon CEO hopes

theregister.com It's safe to say Amazon CEO Andy Jassy is pretty jazzed about generative AI's potential to drive profits. "Generative AI may be the largest technology transformation since…

Amazon CEO has exciting news for Prime members

thestreet.com Fast Facts Amazon's long-promised (and even demonstrated) package delivery via drone, and now it's doubling down on it. The news comes from CEO Andy Jassy's latest annual…

Five Takeaways From Andy Jassy’s Latest Amazon Annual Shareholder Letter

pymnts.com Amazon CEO Andy Jassy published his 2023 Letter to Shareholders Thursday (April 11), outlining how the company is changing and its goals for the future. It’s a 28-minute…

Amazon CEO Andy Jassy says the benefits of AI 'will astound us all'

finance.yahoo.com CEO Andy Jassy is finally going all in on generative AI. In his annual letter to shareholders on Thursday, the Amazon chief said the technology is the company’s next major…

AI mania, faster delivery, and other takeaways from Andy Jassy’s letter to Amazon shareholders

fastcompany.com This morning, Amazon CEO Andy Jassy published his 2023 letter to shareholders. The year began with quite a splash for Amazon, as the company instituted the largest job cuts…

Jim Jordan Investigating Renewed DOJ, FBI Contacts With Big Tech, Amid Concerns Of Censorship Pressure

zerohedge.com Jim Jordan Investigating Renewed DOJ, FBI Contacts With Big Tech, Amid Concerns Of Censorship Pressure Authored by Ryan Morgan via The Epoch Times (emphasis ours), Chairman…

Alphabet Heads Toward $2 Trillion With Investors Cheering AI Progress

finance.yahoo.com Investors are becoming more optimistic about Alphabet Inc.’s artificial intelligence strategy, after a run of glitches and misfires that sent its shares tumbling. • None US…

Amazon Hit With $535 Million Patent Suit Judgement, Seeks to Cut Fulfillment Costs

inc.com A jury tags tech giant with a big bill to Kove, which claimed it infringed on its data storage patents, and CEO Andy Jassy sees room to reduce costs, possibly through layoffs.

Amazon CEO Andy Jassy Says Prime Video Can Be a ‘Profitable Business By On Its Own’

observer.com In his annual letter to shareholders, published today (April 11), Amazon (AMZN) CEO Andy Jassy said the e-commerce giant’s video streaming service, Amazon Prime Video, “can…

Amazon Stock: Why Andy Jassy Says AWS Will Host 'World-Changing AI'

investors.com will continue investing to ensure the company is a leader in generative artificial intelligence, Chief Executive Andy Jassy wrote Thursday. Meanwhile, Amazon stock is…

Amazon CEO Andy Jassy spurns regulators after failed iRobot deal: 'It's a sad story'

cnbc.com Amazon CEO Andy Jassy on Thursday took aim at regulators who are increasingly blocking mergers, including the company's planned acquisition of robotic vacuum maker iRobot ,…

Prime Video Now Reaches More Than 200 Million Monthly Viewers, TV Ads ‘Off to a Strong Start,’ Amazon CEO Says

variety.com Prime Video has a big audience, and now Amazon CEO Andy Jassy has put a new number on it: The premium video service has more than 200 million monthly viewers. Jassy revealed…

Amazon CEO Andy Jassy in shareholder letter says he's committed to cost cutting while investing in AI

cnbc.com Amazon CEO Andy Jassy on Thursday published his annual shareholder letter, where he pledged to look for ways to keep costs in check even as the company doubles down on…

Prime Video Advertising ‘Off to a Strong Start’ and ‘Growing Quickly,’ CEO Andy Jassy Says

thewrap.com Prime Video’s advertising efforts are off to a “strong start” and “growing quickly” following the offering’s official launch in January, according to Amazon CEO Andy Jassy.…

Amazon CEO says AI may be the biggest tech transformation 'since the internet' in his annual letter

aol.com None Amazon's CEO said AI may be the largest transformation since the internet in a shareholder letter. • None Andy Jassy also raised the importance of AI security to…

Jim Cramer takes Costco's big dividend increase as a sign the stock could go higher

cnbc.com Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Thursday's key moments. U.S. stocks were mixed…

Stock market today: Stocks wobble as wholesale inflation rises less than expected

finance.yahoo.com US stocks wobbled on Thursday after a cooler-than-expected reading on producer prices helped soothe investor worries stemmed by Wednesday's surprise uptick in consumer…