# Amazon
Latest news and articles about Amazon
Total: 25 articles found
Wall Street Opens Lower as Tech Slips, Energy and Retail Provide Offsets
U.S. markets opened lower on March 18 as technology stocks pulled back while energy and certain retailers gained. The intraday moves underline a market balancing AI-driven enthusiasm with sector rotation and company-level earnings surprises.
Amazon Taps Cerebras for Cloud Inference Push, Taking Aim at Nvidia’s Dominance
AWS will deploy Cerebras inference chips alongside its Trainium3 processors in a new service aimed at faster, cheaper AI inference for chatbots and coding tools. The move reflects a market shift from GPU‑heavy training towards specialised, lower‑latency inference hardware and intensifies competition with Nvidia’s GPU ecosystem.
Uber to Offer Amazon‑Owned Zoox Robotaxis on Its App — Las Vegas Pilot This Summer, Los Angeles by 2027
Uber and Amazon‑owned Zoox will begin offering Zoox’s purpose‑built robotaxis on the Uber app, starting with a Las Vegas pilot this summer and expanding to Los Angeles by mid‑2027. The partnership combines Zoox’s dedicated autonomous vehicles with Uber’s distribution, but widespread adoption will hinge on regulatory approvals, operational scaling and economic viability.
Amazon Lines Up as Much as $42bn in Bonds to Fund an AI Infrastructure Arms Race
Amazon is seeking $37bn–$42bn via simultaneous dollar and euro bond issuances across a wide range of maturities to finance a major build‑out of AI infrastructure. The move reflects a broader industry rush to fund data centres and chips, and it will test investor appetite for very large, long‑dated technology debt amid geopolitical and market volatility.
Iran’s Strike on Cloud Infrastructure Signals a New Phase in Hybrid Warfare
A SoMi report claims Iran has attacked Amazon and Microsoft data centres in the Middle East, framing the strikes as retaliation for alleged intelligence-driven attacks against Iranian leadership. The incident highlights the growing dual-use nature of commercial cloud infrastructure and signals a potential shift toward targeting data centres as legitimate wartime objectives, with wide legal, commercial and strategic consequences.
Amazon Plays Both Sides: $50bn Bet on OpenAI while Doubling Down on Its Own AI Chips
Amazon said it will invest up to $50 billion in OpenAI and host substantial OpenAI workloads on AWS, including a pledge to run 2GW of its Trainium chips on OpenAI’s Frontier platform. The deal, which runs alongside continuing ties with Anthropic, strengthens AWS’s competitive position in the AI cloud market and validates Amazon’s push into custom AI silicon while leaving significant milestones and conditionality unresolved.
ChatGPT Nears Billion‑User Threshold as OpenAI Secures a Record $110bn War Chest
OpenAI says ChatGPT has reached 900 million weekly active users and more than 50 million paid subscribers, as subscription additions accelerated early in the year. The announcement coincided with a roughly $110 billion financing round led by Amazon, Nvidia and SoftBank, lifting OpenAI’s pre‑money valuation to about $730 billion and underscoring both the opportunity and the cost of scaling generative AI globally.
Amazon, Nvidia and SoftBank Pump $110bn into OpenAI as the Company Recasts Its Spending Plan
OpenAI has raised $110 billion from Amazon, Nvidia and SoftBank, valuing the company at about $730 billion pre‑money. The round includes strategic ties with Amazon and Nvidia and comes as OpenAI trims its 2030 compute spending target to roughly $600 billion while projecting revenue above $280 billion by 2030.
OpenAI Pulls in $110bn, Seals Strategic Ties with Nvidia and Amazon as AI Stakes Soar
OpenAI said it raised $110 billion in a round that values the company at $730 billion pre-money, with SoftBank, Nvidia and Amazon as lead backers. The deal pairs massive capital with strategic access to next‑generation inference hardware and AWS distribution, intensifying competition among cloud providers and magnifying concentration risks in the AI ecosystem.
OpenAI Secures $110bn Round as Amazon, Nvidia and SoftBank Bet on an AI Infrastructure Arms Race
OpenAI has closed a record $110 billion private funding round led by Amazon ($50bn), Nvidia ($30bn) and SoftBank ($30bn), lifting its pre‑money valuation to about $730 billion. The financing combines capital with strategic infrastructure deals—AWS exclusivity for the Frontier enterprise distribution and large GPU allocations from Nvidia—marking a consolidation of compute, cloud and software in the AI market.
Buffett’s Farewell Portfolio: Berkshire Slashes Amazon and Trims Apple and BAC, Opens a Position in The New York Times
Berkshire Hathaway’s last 13F filed while Warren Buffett was CEO shows large reductions in Amazon (over 77% cut), continued trimming of Apple and significant sales of Bank of America, while opening a new roughly $352m stake in The New York Times. The moves—combined with increases in Chevron and Chubb—suggest a selective rotation into energy and insurance and a cautious stance on big tech amid questions about AI‑related spending.
India Pledges $200 Billion for Data‑Centre Buildout to Power an AI Push
India has signalled plans to marshal about $200 billion to build data centres that will underpin a national AI push, a package that reportedly includes commitments from Google, Microsoft and Amazon. The pledge underscores New Delhi’s ambition to secure compute capacity and foster a domestic AI ecosystem, but faces major logistical, fiscal and regulatory hurdles before it can deliver results.