Amazon and OpenAI are in talks about a potential investment in the artificial intelligence company that could reach billions, CNBC and Reuters reported quoting people in the know about the matter. According to the reports by the two outlets, Amazon’s investment in OpenAI could exceed around $10 billion along with an agreement to use its … Read more
In one of the largest global tech investment flows into India, American tech giant Amazon on Wednesday committed a mega $35 billion for its operations here, over and above the $40 billion that it has already put into the country.The ecommerce, cloud and media giant said that the investments will be made by 2030 as … Read more
Amazon.com Inc.’s cloud unit has signed a $38 billion deal to supply a slice of OpenAI’s bottomless demand for computing power. Amazon shares jumped. The ChatGPT maker will pay Amazon Web Services for access to hundreds of thousands of Nvidia Corp. graphics processing units as part of a seven-year deal, the companies announced on Monday. … Read more
As the earnings season in the US progresses, tech’s internet giants have made it clear to the Wall Street the Artificial Intelligence (AI) investments will be the next big things. Microsoft, Meta, Alphabet and Amazon will now collectively spend $380 billion this year, the tech giants said as they got through the earnings. The companies … Read more
At most companies, meetings kick off with quick chats or PowerPoint slides, but at Amazon, there was writing and a lot of reading, as per a report. Jeff Bezos Replaced PPT Slides With Six-Page Memo Under Jeff Bezos’ leadership, Amazon built a famously rigorous “reading culture” centered around drafting six-page memos, according to Business Insider. … Read more
After Bengaluru, Amazon has begun its 10-minute delivery service, “Amazon Now”, in select Delhi pin codes, with the e-commerce giant saying on Thursday (July 10, 2025) that it is enthused with the early response and feedback from customers. The move marks Amazon’s determined strides in the booming quick-commerce market in India, where players like Zepto … Read more
Completing the trinity of healthcare service offerings, Amazon India on Sunday (June 22, 2025) stated that it is foraying into the diagnostics space with the launch of a new at-home diagnostics service that enables customers to book lab tests, schedule and track appointments, and access digital reports from the Amazon app. Three years back, Amazon … Read more
Amazon.com Inc., risking Wall Street’s displeasure, told investors that profits for now will take a back seat to heavy spending on artificial intelligence. The shares fell. The company projected operating income for the current quarter ending in September will be $11.5 billion to $15 billion. Analysts, on average, were looking for $15.7 billion. After … Read more
Bharti Group-backed OneWeb vs Jio’s satellite services: A senior executive from Reliance Jio has cautioned that OneWeb, backed by the Bharti Group, should not underestimate the competition posed by Jio’s satellite services. Jio has already established a gateway and demonstrated a 1 Gbps broadband connectivity, a feat that might not be easily matched by competitors … Read more