Amazon warns New York City's proposed Delivery Protection Act could add $664 yearly to household orders as it weighs relocating facilities "outside of" city limits.
Amazon is turning to AI to help fight scammers, the company announced on Wednesday. The retailer said some 360,000 customers every year reach out to its customer service department, wondering whether a message they received from Amazon is real or a scam.
AWS just posted its fastest growth in 18 quarters while Amazon burns through billions in capex, and that tension is exactly what makes the next 12 months so pivotal for shareholders.
Amazon's $5.3B Saudi bet expands AWS' AI infrastructure footprint, while accelerating growth and strong guidance fuel fresh investor interest.
Amazon continues to experiment with how AI can be used to improve the shopping experience, resulting in Tuesday's launch of a new feature within its Alexa for Shopping AI assistant called “Update Me When.” This latest addition can send consumers personalized notifications when something new or relevant happens that could lead to a purchase.
Waymo is starting paid driverless rides in Denver, San Diego and Tampa, Florida. Amazon's Zoox said it's planning to start testing this month in Houston and San Diego with human supervisors on board.
Though Amazon (NASDAQ: AMZN) stock suffered an 8.54% decline to $259.77 through August and is facing a new FTC lawsuit over alleged overcharging, Wall Street analysts remain optimistic about the e-commerce and technology giant.
The U.S. Federal Trade Commission (FTC) and 22 states sued Amazon on Monday for allegedly "manipulating" online auctions for digital advertising, resulting in more than $20 billion in overcharges for 1.2 million customers.
"Since 2019, Amazon.com has secretly and systematically overcharged its approximately 1.2 million advertising customers by manipulating the “auctions” that it uses to set the price of ads on its platform," according to the lawsuit.
$5.3 Billion Saudi Region Commitment Amazon (NASDAQ:AMZN | AMZN Price Prediction) disclosed that its first AWS Cloud Infrastructure Region in the Kingdom of Saudi Arabia represents more than $5.3 billion (19.88 billion Saudi riyal) in planned cloud infrastructure investment.
Wall Street keeps punishing Amazon every time AI capex headlines hit, and one investor keeps buying the dip. The reason has nothing to do with quarterly earnings and everything to do with a number most analysts are not talking about.
AMZN's Prime growth, faster delivery and expanded content slate are deepening loyalty, supporting retail and advertising growth.