News Around the Globe
By Fickenscher A major legal battle is underway between Amazon and Saks Global, with the e-commerce giant vowing to use “all available legal remedies” to recover $475 million it claims …
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By Fickenscher Amazon is warning its over 300 million customers to watch out for cybercriminals who are out in force this holiday season impersonating reps from the e-commerce giant – …
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By Zilber OpenAI has come to terms on a massive 7-year, $38 billion deal with Amazon Web Services to secure cloud computing capabilities needed to power its suite of advanced …
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By Zilber Amazon will slash 30,000 corporate jobs starting Tuesday, according to a report — unleashing one of the US’s biggest job bloodbaths this century as the company aggressively revamps …
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By Elisa Amazon founder and executive chair Jeff Bezos sold shares worth almost $737 million in the e-commerce giant in late June, according to a regulatory filing on Tuesday. Bezos, who …
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By Elisa A federal judge in San Francisco ruled late on Monday that Anthropic’s use of books without permission to train its artificial intelligence system was legal under US copyright law. …
Read More By Barrabi Amazon will invest approximately $10 billion toward new artificial intelligence data center infrastructure in North Carolina, company and state officials announced. The expanded AI data centers will be …
Read More By Elisa Amazon.com investors at its annual meeting again rejected all outside shareholder resolutions, including three meant to address the online retail giant’s impact on climate change. Voters approved the reelection of 12 directors and …
Read More By Arias Amazon has agreed to pay $3.95 million to settle a lawsuit in which it was accused of subsidizing its labor costs by stealing the tips its drivers received …
Read More By Elisa Amazon founder Jeff Bezos said Wednesday that he is “optimistic” about President-elect Donald Trump’s second term and expressed some excitement about potential regulatory cutbacks in the coming years. …
Read More By Elisa Anthropic said Friday that longtime backer Amazon had pumped an additional $4 billion into the artificial intelligence startup, doubling its investment in the firm known for its GenAI chatbot Claude. …
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By Zilber Amazon is the latest tech giant to embrace nuclear energy as it scrambles to supply electricity-hogging artificial intelligence programs. Amazon Web Services, the Seattle-based e-retailer’s cloud computing unit, …
Read More By Herzlich Amazon is mandating that corporate workers return to the office five days a week, CEO Andy Jassy said in a note on Monday. The return-to-office mandate is a …
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By Kosman The Seattle-based e-tailing giant headed by Jeff Bezos is in late-stage talks for a contract to livestream on Amazon Prime this coming season all the Bally Sports broadcasts …
Read More By Zilber Amazon is hopeful that selling its goods through TikTok, Facebook, Instagram and Snapchat will reignite sluggish e-commerce growth as American shoppers pare back spending in a hyper-inflationary environment. …
Read More By Elisa A New York federal judge has ordered Amazon to comply with a subpoena from a U.S. civil rights agency investigating claims that the online retailer discriminated against pregnant …
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By Herzlich Amazon founder Jeff Bezos is planning to sell almost $5 billion worth of shares in the e-commerce giant, a regulatory filing showed, after its stock hit a record high. The proposed …
Read More By Elisa Amazon’s market value surpassed the $2 trillion mark for the first time on Wednesday as optimism around artificial intelligence and potential interest rate cuts this year drove demand …
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By Zilber Bill Ackman, the billionaire hedge fund manager, defended Amazon on his X social media account over the weekend after the e-commerce giant came under criticism for its silence …
Read More By Barrabi Amazon has nixed plans to buy Roomba maker iRobot after the companies mutually determined the pending acquisition has “no path to regulatory approval in the European Union.” In …
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