Amazon.com, Inc. (AMZN)
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Amazon is reportedly considering a $50 billion investment in OpenAI, which could make it the largest backer of the AI firm. This move highlights Amazon's commitment to expanding its AI capabilities, but it also comes amid growing antitrust pressures and executive turnover in its AI division. The outcome of this potential investment could significantly impact Amazon's position in the competitive AI landscape.
Latest News
| Title | Published |
|---|---|
Texas at heart of Amazon's AI push in United States Texas at heart of Amazon's AI push in United States | about 1 hour ago |
Texas at heart of Amazon's AI push in United States Tech titan Amazon is working to step out of Nvidia's shadow with custom "Trainium" chips designed specially for machine learning as billions of dollars are poured into artificial intelligence (AI).After years of relying on suppliers for chips, the e-commerce powerhouse's Amazon Web Services (AWS) cloud computing unit began designing its own, acquiring Israeli startup Annapurna Labs in 2015. | about 1 hour ago |
Berkshire Hathaway Shifts As Buffett Exits And Abel Faces New Tests Berkshire Hathaway Shifts As Buffett Exits And Abel Faces New Tests | about 2 hours ago |
Berkshire Hathaway Shifts As Buffett Exits And Abel Faces New Tests Warren Buffett is retiring as CEO of Berkshire Hathaway (NYSE:BRK.B), with Greg Abel set to succeed him. Berkshire has adjusted its equity portfolio, selling holdings in Apple, Bank of America, and Amazon.com. The company has added to positions in Chevron and Chubb and opened a new stake in The New York Times Company. A Berkshire utility subsidiary has agreed to a substantial settlement to resolve federal wildfire damage claims. Berkshire is also selling certain assets to support balance... | about 2 hours ago |
Bitcoin Headed For Worst Month In 4 Years: 'Either It's Dead Or Dollar Cost Average From Here,' Analyst Says Bitcoin Headed For Worst Month In 4 Years: 'Either It's Dead Or Dollar Cost Average From Here,' Analyst Says | about 4 hours ago |
Amazon’s OpenAI Bet, Antitrust Pressure And AI Turnover Weigh On Valuation Amazon’s OpenAI Bet, Antitrust Pressure And AI Turnover Weigh On Valuation | about 5 hours ago |
Amazon’s OpenAI Bet, Antitrust Pressure And AI Turnover Weigh On Valuation Amazon.com (NasdaqGS:AMZN) is reportedly in talks to invest up to US$50b in OpenAI, a move that could make it the AI firm’s largest backer. California’s attorney general is seeking a preliminary injunction in an antitrust case that challenges Amazon’s alleged retail price controls in the US. David Luan, a key executive in Amazon’s artificial intelligence division, has resigned, marking a leadership change in a core technology area. For you as an investor, this mix of AI expansion, legal... | about 5 hours ago |
Texas at heart of Amazon's AI push in United States
Texas at heart of Amazon's AI push in United States
Texas at heart of Amazon's AI push in United States
Tech titan Amazon is working to step out of Nvidia's shadow with custom "Trainium" chips designed specially for machine learning as billions of dollars are poured into artificial intelligence (AI).After years of relying on suppliers for chips, the e-commerce powerhouse's Amazon Web Services (AWS) cloud computing unit began designing its own, acquiring Israeli startup Annapurna Labs in 2015.
Berkshire Hathaway Shifts As Buffett Exits And Abel Faces New Tests
Berkshire Hathaway Shifts As Buffett Exits And Abel Faces New Tests
Berkshire Hathaway Shifts As Buffett Exits And Abel Faces New Tests
Warren Buffett is retiring as CEO of Berkshire Hathaway (NYSE:BRK.B), with Greg Abel set to succeed him. Berkshire has adjusted its equity portfolio, selling holdings in Apple, Bank of America, and Amazon.com. The company has added to positions in Chevron and Chubb and opened a new stake in The New York Times Company. A Berkshire utility subsidiary has agreed to a substantial settlement to resolve federal wildfire damage claims. Berkshire is also selling certain assets to support balance...
Bitcoin Headed For Worst Month In 4 Years: 'Either It's Dead Or Dollar Cost Average From Here,' Analyst Says
Bitcoin Headed For Worst Month In 4 Years: 'Either It's Dead Or Dollar Cost Average From Here,' Analyst Says
Amazon’s OpenAI Bet, Antitrust Pressure And AI Turnover Weigh On Valuation
Amazon’s OpenAI Bet, Antitrust Pressure And AI Turnover Weigh On Valuation
Amazon’s OpenAI Bet, Antitrust Pressure And AI Turnover Weigh On Valuation
Amazon.com (NasdaqGS:AMZN) is reportedly in talks to invest up to US$50b in OpenAI, a move that could make it the AI firm’s largest backer. California’s attorney general is seeking a preliminary injunction in an antitrust case that challenges Amazon’s alleged retail price controls in the US. David Luan, a key executive in Amazon’s artificial intelligence division, has resigned, marking a leadership change in a core technology area. For you as an investor, this mix of AI expansion, legal...