Tag: Amazon

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Tech shares lower as Trump rejects talk of AI bubble

Tech shares were back under pressure Friday, leading major indices lower as President Donald Trump dismissed worries about an artificial intelligence stock bubble."No,...

Amazon takes low-cost ecommerce service global

Amazon on Friday expanded the reach of its low-cost ecommerce service to 14 additional markets and will call it Amazon Bazaar, as part...

Explained | How Amazon will benefit from $38-billion OpenAI deal

OpenAI, the firm behind ChatGPT, has struck a massive seven-year, $38 billion agreement with Amazon Web Services (AWS) to secure the cloud compute...

We’re counting on Big Tech to invent the future. That’s a bad bet.

Innovation comes from a less centralised tech sector.There was a time, back in the early 2000s, when everyone seemed to think that the...

Amazon loses second vice president in devices division this month

A fifteen-year veteran of Amazon's devices division who had a hand in developing many of the most recognizable gadgets is leaving the company...

Jeff Bezos has a radical plan to save Earth from AI’s energy crisis: Amazon founder makes a fascinating prediction

As artificial intelligence expands at breakneck speed, its hunger for energy has become impossible to ignore. Global tech giants — from Meta to...

Amazon loses devices VP and member of elite CEO advisory just days after launches

Just days after putting on its annual devices and services showcase, Amazon is losing a vice president who helps oversee the division.Rob Williams,...

Amazon is overhauling its devices to take on Apple in the AI era

When Amazon.com Inc. recruited longtime Microsoft Corp.product chief Panos Panay in 2023 to run its devices division, his new colleagues thought the e-commerce...

GST-fuelled interest among smart TV buyers pushes double digit growth for Amazon

The recent GST recalibration, or the GST 2.0, has fuelled interest among smart television buyers on Amazon as the e-commerce platform has witnessed...

I Thought I Knew Silicon Valley. I Was Wrong

Of course, Silicon Valley was never all flowers and psychedelics. “For all that it might flatter itself with counterculture roots, making money and...

In Australia, a data centre boom is built on vague water plans

Authorities in Sydney approved construction of data centres without requiring measurable plans to cut water use, raising concerns the sector's rapid growth will...

Arm hires Amazon AI exec to boost plans to build its own chips

Arm Holdings has hired Amazon.com artificial intelligence chip director Rami Sinno to bolster its plans to develop its own complete chips, a person...