Shares of Amazon.com Inc. (NASDAQ: AMZN) gained 2.84% over the past five trading sessions, bringing the e-commerce and cloud storage services giant's one-month gain to 6.68%.
Three-quarters of Amazon's global deliveries are now assisted in some way by robots, according to the company.
Jeff Bezos sold 3.3 million Amazon.com Inc. (NASDAQ: AMZN) shares according to a Form 4 filed with the SEC.
The millionth robot strengthens Amazon's position as the world's largest manufacturer and operator of mobile robotics, said the company's vice president of robotics. The company's new "DeepFleet" AI model is expected to cut the travel time of the robot fleet by 10%, enabling faster and more cost-effective package deliveries.
After the sale, the Amazon founder will own about 905 million Amazon shares. He sold stock worth almost $5 billion last year.
The company is also upgrading its entire fleet with a new generative AI model.
After 13 years of deploying robots into its warehouses, Amazon reached a new milestone.
Amazon reportedly has a record 1 million-plus robots working in its warehouses. [contact-form-7] That's according to a report Tuesday (July 1) by The Wall Street Journal (WSJ), which points out that the eCommerce giant is approaching another automation milestone: the company will soon have as many robots as humans in these facilities.
Amazon (AMZN) will reportedly soon have as many robots working in its warehouses as it does humans.
Open-source AI models and cloud computing are helping to democratize the AI world, panelists at CNBC's East Tech West 2025 in Thailand said. This will allow nations to build "sovereign AI," which refers to a nation's ability to control its own AI technologies, data, and related infrastructure, ensuring it matches its unique needs.
The number of robots in Amazon facilities just surpassed one million, the most the e-commerce giant has ever had.
Amazon CEO Andy Jassy sits down with 'Mad Money' host Jim Cramer for a wide-ranging interview discussing Prime Day expansions, new delivery options, tariff impacts, humanoid robots and much more.