Latest Updates Around The World
Shares of CoreWeave fell about 15% on Friday after the company’s plans to double capital expenditures this year fueled investor concerns about pressure on margins and the effective returns from its artificial intelligence efforts. If current losses hold, CoreWeave is expected to lose more than $8 billion in market value. The cloud infrastructure company has […]
Amazon Web Services suffered a 13-hour outage on one system in December due to the actions of its AI coding assistant Kiro. according to the Financial times. Numerous unnamed Amazon employees told the story FT that AI agent Kiro was responsible for the December incident involving an AWS service in parts of mainland China. People […]
An Amazon van has become stranded in the Thames Estuary in Foulness, Essex. (Photo: Jacqueline Lawrie/LNP) An Amazon driver was left stranded after driving along ‘one of Britain’s deadliest roads’. They followed their GPS as they tried to reach Foulness Island in Essex, but were led to a treacherous 600-year-old footpath known as The Broomway […]
The AI industry’s push for licensable content has been a messy affairfilled with lawsuits and allegations of copyright infringement. As tech companies look for legally secure sources of AI training data, Amazon is reportedly considering launching a marketplace where publishers can license their content directly to AI companies. The information reported On Monday, the e-commerce […]
After Better-Than-Expected Opening Weekend at Theaters, Box Office for Amazon’s ‘Melania’ fell 67%to an estimated $2.37 million, in its second weekend. The documentary about First Melania Trump has yielded a lot a total of $13.5 million to date (almost all in the United States), meaning it’s extremely unlikely that the film — which Amazon spent […]
Walmart is now one of the tech bros. The retail giant crossed the $1 trillion market capitalization threshold on Tuesday, joining an exclusive club consisting mainly of companies like Apple, Microsoft and Amazon. Walmart shares are up more than 28% in the past year and more than 14% so far in 2026. The secret of […]
The National Center for Missing and Exploited Children said it has received more than 1 million reports of AI-related child sexual abuse material (CSAM) by 2025. The “vast majority” of that content was reported by Amazon, which found the material in its training data, according to an investigation by Bloomberg. Furthermore, Amazon only said that […]
OpenAI, already a company valued at $500 billionhas announced that he is on the hunt another $100 billion of investments. Such a funding round could result in the company’s valuation skyrocketing to a whopping $830 billion. The Wall Street Journal is here now reporting that Amazon can contribute at least $50 billion of that record-breaking […]
The era of Amazon Fresh and Amazon Go is officially over. The e-commerce giant announced it is closing all 72 locations after a decade-long experiment. Amazon will convert some locations into Whole Foods stores and plans to open more than 100 new Whole Foods locations in the coming years. According to the company, its branded […]
Amazon said today it is cutting 16,000 jobs across the company. This reduction comes after the e-commerce company laid off 14,000 people in October. In a letter to employees, Beth Galetti, Senior VP of People Experience and Technology, said these layoffs occurred to “reduce layers, increase ownership and eliminate bureaucracy.” She noted that the reason […]
