Amazon.com Inc (AMZN)
Behind the wave of white-collar layoffs: Old-school cost cutting, tariffs and, yes, AI
Corporate giants Amazon, UPS and Target each announced layoffs in recent weeks totaling more than 60,000 jobs cut this year. In the absence of the Bureau of Labor Statistics' monthly jobs report, the layoff announcements have raised questions about the strength of the labor market and if it's the start of an AI-driven, white-collar recession.
From pickaxes to AI, COP30 host state holds past and future of Amazon mining
With a voice more youthful than his 72 years would suggest, Lucindo Lima sings about the untold riches he never made in Brazil's Serra Pelada mine, a site made famous by a 1980s gold rush immortalized by the late photographer Sebastiao Salgado.
OpenAI taps Amazon's muscle in $38bn pact as AI power race accelerates
Build the factories and the boom will follow: that is OpenAI's bet as it inks a $38 billion agreement to run its systems on Amazon Web Services, part of a mammoth plan to secure more than $1 trillion of computing capacity. The deal gives OpenAI immediate access to AWS datacentres and the Nvidia processors inside them, the specialist chips that train and run models such as ChatGPT.
Amazon Q3: Surprising Results From Retail Indicate Strong Upside Potential (Double-Upgrade)
Amazon previously rated as Hold due to valuation and growth concerns. Recent developments suggest improved fundamentals and potential for accelerated revenue growth. The retail segments' contribution to operational efficiency as of Q3 has broken my Hold thesis from April.
OpenAI signs $38 billion deal with Amazon, partnering with cloud leader for the first time
OpenAI has signed a $38 billion deal with Amazon Web Services, and will immediately start accessing Nvidia's graphics processing units. CNBC's MacKenzie Sigalos explains how it's one of OpenAI's biggest moves away from Microsoft, which was the company's exclusive cloud provider until earlier this year.
OpenAI strikes 7-year, $38B cloud computing deal with Amazon Web Services
OpenAI has come to terms on a massive 7-year, $38 billion deal with Amazon Web Services to secure cloud computing capabilities needed to power its suite of advanced AI tools such as ChatGPT and Sora.
OpenAI Strikes $38 Billion Cloud Deal with Amazon to Boost AI Development
AWS and OpenAI have announced a $38 billion agreement that enables OpenAI to run its AI workloads on AWS infrastructure, starting immediately.
Amazon's Stock Climbs to Fresh High on $38B Cloud Computing Deal With OpenAI
Amazon shares rose to a record high Monday after the tech giant said it struck a $38 billion deal with OpenAI.
Amazon Has Just Shared Game-Changing News (Rating Upgrade)
Amazon.com, Inc. remains undervalued as its key segments continue top-tier performance amidst uncertain environment. AWS delivered record quarterly revenue of $33B and a 34.6% operating margin, cementing AMZN's leadership in the cloud infrastructure market, which will be driven further by AI revolution. Amazon's ongoing investments in AWS and AI infrastructure, combined with steady marketplace cash flows, position AMZN for sustained long-term outperformance.
Amazon Web Services signs $38B AI compute deal with OpenAI
Amazon Web Services (AWS) has entered a $38 billion, seven-year agreement with OpenAI to provide computing power for AI workloads, sending Amazon.com Inc (NASDAQ:AMZN)'s shares 4.7% higher to about $256. Under the deal, OpenAI will begin using AWS infrastructure immediately, accessing hundreds of thousands of Nvidia Corp (NASDAQ:NVDA, ETR:NVD) GPUs housed in Amazon's data centers.
Amazon: Workforce Related Challenges Show Up, Again
Amazon has outperformed even my most optimistic earnings scenario for 2025, with robust sales and margin expansion, defying tariff-related concerns. However, the company's recent insipid operating income performance is worrisome since it's partly related to severance costs, more of which are expected. These tie up with the company's bigger labor force issues, which continue as there are negotiations and controversies around frontline workers.
OpenAI and Amazon ink $38B cloud computing deal
OpenAI isn't done securing the AI infrastructure it needs to rapidly scale agentic workloads. The ChatGPT-maker on Monday said it has reached a deal with Amazon to buy $38 billion in cloud computing services over the next seven years.
