Amazon.com Inc (NASDAQ:AMZN)'s multibillion-dollar satellite internet project, Kuiper, is accelerating its launch schedule and could generate $7.1 billion in consumer revenue by 2032, Bank of America said in a note Thursday. The firm estimates Amazon will invest about $23 billion to build out the Kuiper satellite network, which aims to deliver internet services to underserved regions.
CNBC's Deirdre Bosa joins 'Money Movers' to discuss Amazon weighing another multi-billion dollar investment in Anthropic.
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Amazon is reportedly considering adding to its $8 billion investment in Anthropic. The tech giant has discussed the idea of a new, multibillion dollar injection into the artificial intelligence (AI) model builder, the Financial Times (FT) reported Thursday (July 10), citing multiple sources with knowledge of the talks.
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Prime Day promises big savings - but is it really built for shoppers? Meredith Margrave interviews a marketing expert who reveals how it works, what traps to avoid, and how to make sure the deals serve you
Amazon's sales reportedly dropped 41% on the first day of its four-day Prime Day sales event compared to the first day of last year's two-day event.
The In-Row Heat Exchanger that Amazon engineers designed will cool Nvidia's massive AI systems. Amazon Web Services looked at building liquid-cooled data centers and systems from third parties before concluding that it should make its own solution.
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United National Consumer Suppliers CEO Brett Rose on Wednesday said the company's clients that are third-party sellers on Amazon are seeing the retail giant increase its market share for sales during Prime Day.
Shares of Amazon.com Inc. (NASDAQ: AMZN) gained 1.16% over the past five trading sessions as the company currently finds itself in the midst of Amazon Prime Days.
The versatile metal shot up as much as +15% intraday, before closing the session +9% -- the highest one-day spring in 36 years.