AMZN boosts its India commitment to $48B by 2030, expanding AI, cloud and logistics infrastructure as rivals race for the same growth market.
Mid-year is when serious investors stop trading the headlines and start thinking about the next decade.
It defies what most in the music biz have believed until now: Spotify pays itself more than what it pays to the record labels, according to a streaming royalty calculator launched by leading law firm Manatt Phelps & Phillips.
Amazon on Thursday said it would invest an additional $13 billion to expand its AI and cloud footprint in India through 2030.
Amazon announces fresh investment of $13 billion to expand AI and cloud infrastructure in India. CEO Andy Jassy said Amazon is committed to being a long-term partner in India's growth story.
Amazon said on Thursday that it is investing an additional $13 billion in India by 2030 to expand and support AI and cloud infrastructure.
Zoox revealed a refreshed robotaxi design that the company says will improve rider experience. The update comes as the company prepares to ramp up vehicle production at its Hayward factory.
Zoox plans to move the new robotaxi into large-scale production soon, expecting it will become available to riders later this year.
Amazon Web Services CEO Matt Garman argued AI will transform, not eliminate, jobs. Garman said half of white-collar jobs "may change" because of AI, but it won't be a "wipe out.
Zoox has given its custom-built robotaxi a makeover — and not just to make it look a sharper. The Amazon-owned company revealed Wednesday a series of upgrades to the comfort and function of its electric, autonomous vehicle based on rider feedback and ahead of what it hopes will be a commercial launch later this year.
Amazon's Zoox unveiled a redesigned version of its toaster-shaped driverless vehicle. The upgrades include more comfortable seats and headrests, and relocated "bidirectional reflectors" that make it easier for riders and others to distinguish the vehicle's front from its rear.
Amazon has an incumbent advantage, and Google stands out for some innovative approaches.