Amazon's cloud computing division said Thursday that it would expand its "sovereign cloud" across the European Union, hoping to cash in as EU governments seek to safeguard their citizens' data.
Some on Wall Street think agentic commerce could help Amazon's business, but a Raymond James analyst worries the trend could eat into the company's dominance.
Amazon is reportedly challenging luxury retailer Saks Global's bankruptcy filing. The eCommerce giant accuses the company of breaking an agreement on the sale of Saks products on its website, Bloomberg News reported Wednesday (Jan. 14), citing a court filing.
The copper, which is being produced in Arizona by Rio Tinto with bacteria and acid, will be used for data-center construction.
Amazon's AWS launched a new cloud service located entirely in Europe on Thursday, addressing user concerns about the data security delivered by mainly U.S.-based providers by offering the continent's own independent alternative.
The Amazon Web Services (AWS) European Sovereign Cloud will be "physically and logically separate" from other AWS regions, the company said. The term sovereign cloud broadly relates to cloud computing services where the data is stored, handled and not moved out of a specific jurisdiction.
Amazon (AMZN) closed at $236.71 in the latest trading session, marking a -2.43% move from the prior day.
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ANGI, AMZN and UBER are tapping into the booming gig economy with platforms that empower flexible, on-demand work.
Artificial Intelligence (AI) has hit a physical wall. For the last decade, the primary constraint on technology growth was computing power, or how many chips a company could buy.
Shares of Amazon.com Inc. (NASDAQ: AMZN) gained 1.18% over the past five trading sessions after gaining 4.24% the five prior.
Amazon is reportedly seeking reduced prices from its suppliers as it deals with tariffs. The eCommerce giant has asked for discounts from suppliers of up to 30%, the Financial Times (FT) reported Tuesday (Jan. 13), citing interviews with vendor consultants who negotiate on behalf of brands and suppliers.