AMAZON
The Amazon looks untouched. Lasers reveal a lost civilization that was once home to 3 million people
Ancient earthwork centers reveal a sprawling Aquiry civilization once thrived. This society supported millions across a vast Amazonian region. Researchers used laser technology to map hidden structures beneath the canopy. The forest itself was engineered by these ancient inhabitants for cultivation. This discovery significantly rewrites the history of the Amazon basin.
Amazon completes $50 billion OpenAI investement as ChatGPT maker nears IPO
The investment completes one of the biggest funding deals in the artificial intelligence (AI) sector, giving Amazon a roughly 5% stake in OpenAI ahead of the ChatGPT maker's planned public listing, the Financial Times reported.
Amazon soars as cloud revenue surge allays fears over ballooning AI bets
Amazon shares surged after robust cloud sales growth validated AI investments. The company posted its strongest cloud growth in over four years. This performance justifies a significant increase in planned capital spending for 2026. Unlike some rivals, Amazon demonstrated measurable returns from its AI spending. Investors responded positively, reinforcing confidence in the tech giant's strategy.
US stocks: US market ends higher as Amazon soothes AI jitters
Wall Street closed higher on Friday, driven by Amazon's strong quarterly report. The tech giant's results eased concerns about AI infrastructure spending. Apple's stock dropped after its earnings report failed to meet expectations. Other technology stocks saw mixed performance, influencing market movements. Treasury yields rose as Fed officials discussed inflation concerns.
Amazon founder Jeff Bezos reveals the one rule that helped him make decisions that built a $2.9 trillion empire: 'I like to putter....'
Jeff Bezos, Amazon founder, has a strict rule regarding work, which he adheres to. This not only enables him to have the perfect work-life balance, but also spend quality time with his family and make great business decisions.
Amazon shares surge 13% as cloud growth eases AI spending fears
Amazon shares rose sharply on Fridat after stronger-than-expected growth at its cloud business reinforced investor confidence in the company's AI investments. AWS posted its fastest revenue growth in over four years, while management's upbeat outlook helped ease concerns over the scale of Big Tech's capital spending on artificial intelligence.
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Zepto defers its IPO; Urban Company slips into the red
Zepto has decided to pause its IPO amid pricing concerns. This and more in today's ETtech Top 5.
US stocks: Nasdaq leads Wall Street gains as Amazon rally offsets Apple decline
The Nasdaq opened higher on Friday, boosted by Amazon's strong cloud revenue growth. This performance eased concerns about artificial intelligence returns among major tech firms. The Dow Jones Industrial Average saw a slight increase at the opening bell. The S&P 500 also rose, reflecting positive market sentiment. The Nasdaq Composite experienced a significant jump at the opening.
Amazon soars as cloud revenue surge allays fears over ballooning AI bets
Amazon shares surged significantly after reporting robust cloud sales growth. This performance reinforced investor confidence in the company's substantial artificial intelligence investments. The tech giant posted its strongest cloud growth in over four years. This indicates a fresh wave of demand justifying increased capital spending plans. Amazon's results show measurable returns from Big Tech's AI spending.
Amazon, Flipkart slash fees as battle for smaller cities intensifies
E-commerce giants Amazon and Flipkart are cutting seller fees to expand into smaller Indian cities. This strategy aims to attract more sellers and offer affordable products to consumers. Lower commissions reduce operating costs for merchants, enabling competitive pricing for buyers. Online shopping is rapidly growing in tier two and smaller markets across India. This shift focuses on capturing new customers from non-metro regions for future growth.
Amazon Now in nine countries, has recorded 80% growth in units sold QoQ: Andy Jassy
During his India visit in June, Jassy announced that Amazon will expand Amazon Now, which offers delivery in 10 minutes in India, to 300 cities. The upgraded expansion plan comes just two months after the company announced that it intends to roll out the service to 100 cities and build a network of 1,000 dark stores.
Amazon to boost spending on AI and other technology by $20 billion after strong Q2 results
The Seattle-based company said Thursday that sales in its cloud computing unit called AWS rose 37% during the April-June period, faster than the 28% clip in the previous quarter and marking the fastest rate of growth in 18 quarters.
US regulator advances rules for steering wheel-free autonomous cars
Federal regulators are allowing robotaxis to operate without steering wheels and potentially brake pedals. Amazon's Zoox vehicles received approval to charge customers for rides in Las Vegas. The National Highway Traffic Safety Administration is updating rules for autonomous vehicle technology. Concerns about safety data and reporting standards for robotaxis remain. The robotaxi industry is rapidly expanding nationwide with companies like Waymo and Tesla.
US stocks: Amazon beats estimates for quarterly cloud revenue growth
Amazon Web Services cloud revenue surged significantly, surpassing market forecasts. This strong performance was fueled by increased enterprise artificial intelligence spending. Rivals Microsoft and Alphabet's Google also reported solid cloud revenue growth. Amazon's e-commerce business saw increased activity during its Prime Day event. The company's investments in AI infrastructure are now showing clear returns.
Amazon's Zoox wins first US approval for paid robotaxis with no human controls
Amazon's Zoox secured US approval for limited commercial robotaxi deployment. This marks a significant milestone for autonomous vehicle technology development. The company received clearance to deploy up to 2,500 vehicles annually. NHTSA will monitor performance and can adjust conditions based on vehicle behavior. Zoox currently operates testing services in Las Vegas and San Francisco.
Amazon, Walmart AI detect 'made in USA' fraud but do not flag it, study says
Retailer AI assistants can identify false "Made in USA" claims on products. However, these technologies are not actively used to police such listings. A recent study highlights this disconnect, questioning corporate incentives for AI deployment. The FTC previously urged Amazon and Walmart to address these misleading product labels. Business justifications, not legal ones, are cited by the AI chatbots for inaction.
Premium takes priority in ecommerce carts this festive season
There is a 20-25% year-on-year rise in festive order volumes for premium products, while mass-segment orders are either flat or up marginally. Notably, orders for entry- and mid-segment smartphones declined slightly, while televisions and entry-level appliances posted 4-5% growth.
Scientists uncover a lost Amazon civilization hidden beneath the rainforest using lasers, may have been home to 3 million people
Ancient earthworks discovered using LiDAR technology reveal a large Aquiry civilization. These geometric structures suggest extensive human shaping of the Amazonian landscape. Researchers estimate tens of thousands of these sites may still be hidden. The Aquiry civilization likely supported millions of people at its peak. This discovery challenges previous assumptions about the Amazon's pre-Columbian inhabitants.
Amazon Web Services India net profit jumps over 10-fold to Rs 242 cr in FY26
In FY26, Amazon Web Services India experienced a remarkable increase in its consolidated net profit, soaring over tenfold to reach Rs 242.8 crore, while consolidated revenue from operations also experienced a growth of about 21 percent, hitting Rs 20,225.6 crore. However, the standalone net profit faced a downturn of approximately 14 percent, despite a standalone revenue increase of 21.4 percent, totaling Rs 20,225.6 crore.
BigBasket’s losses widen in FY26, revenue rises 7.7% YoY
This comes weeks after Amazon veteran Amit Nanda joined BigBasket as the new chief executive after founder Hari Menon stepped down. Nanda has been tasked with making the business profitable amid mounting pressure on margins in the quick commerce sector.
Amazon Prime to stream Wednesday NHL games, playoff series in Canada under Rogers deal
Amazon Prime Video will broadcast Wednesday NHL games in Canada starting next season. This new agreement includes select Stanley Cup playoff series annually. Rogers Communications Inc. announced the 12-year licensing deal with the NHL. Prime Video will offer at least 26 national regular-season games. This move signifies a growing trend of streaming platforms in sports broadcasting.
Amazon winds down most flagship AI models in strategy overhaul, Business Insider reports
Amazon is shifting its artificial intelligence strategy towards new frontier models. The company is deprecating many of its existing Nova AI models. Resources are now moving towards a new frontier-model development effort. This new flagship model is expected to debut later this year. Amazon recently trimmed jobs in its artificial general intelligence group.
eXport boost for eCommerce
The Indian government has opened the doors for foreign investment in inventory-based e-commerce specifically for exports. This initiative aims to boost the e-commerce export share of the nation significantly. Currently, Indian MSMEs export goods worth less than one thousand dollars through this channel.
Amazon eyes 2028 launch for direct-to-phone satellite network
Amazon's satellite venture plans to connect smartphones directly to space. This new service aims to provide voice, messaging, and data globally. Launches are expected to begin in 2028, with FCC approval pending. India is a key market for connecting underserved and unserved populations. This move signals a new frontier in satellite communication technology.
US Stock Market: Wall Street eyes Fed decision, AI earnings as traders navigate rising uncertainty
Investors await the Federal Reserve's policy decision and major tech earnings this week. Alphabet and Tesla results have already caused market unease regarding AI spending. Microsoft, Amazon, and Meta Platforms will also report their artificial intelligence investment updates. The Federal Reserve is expected to keep interest rates unchanged at its upcoming meeting. Key economic data releases will provide further insights into the economy's strength.
Samsung Galaxy S25 Ultra to sell below Rs 85,000 during Amazon Prime Day Sale 2026
Samsung S25 Ultra price drop: The Samsung Galaxy S25 Ultra will be available for under Rs 85,000. This lowest price point of the year comes during the Amazon Prime Day Sale. The sale event is scheduled to run from July 4 to July 6, 2026. Buyers will receive a complimentary three month subscription to Amazon Music. The device features a 6.9 inch Dynamic AMOLED 2X display and a 5,000mAh battery.
Amazon's Bezos pushes Prime Video redesign focused on AI
Jeff Bezos is pushing Prime Video's overhaul to highlight Amazon's AI. The project, known as Lighthouse, aims to showcase AI for millions of users. This initiative seeks to elevate Amazon's standing in the competitive AI landscape. New features will improve content recommendations and respond to spoken requests. Bezos' personal involvement underscores the strategic importance of this AI integration.
Amazon eyes India as Project Kuiper constellation nears 400 satellites
Amazon's satellite broadband venture is expanding into India. Nearly 400 satellites are already in orbit for global connectivity. The company is accelerating satellite production and deployment efforts. India is seen as a promising market for digital transformation. Amazon aims to bring competition and connect unconnected communities.
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