Amazon.com, Inc. (AMZN)

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Previous Close: $210.64
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AI Insights

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.

Updated 43 minutes ago

Latest News

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