The CMA determined that "competition is not working well" and has shared recommendations to solve the situation. An independent CMA panel found the cloud services market to be “highly concentrated,” ...

During Amazon's earnings call, an analyst asked CEO Andy Jassy for his response to the notion on Wall Street that the company was falling behind on generative AI development. Jassy, in response, said ...

A profit of US$18.2 billion signals the e-commerce giant’s resilience under Donald Trump’s tough global trade policy.

Amazon, Anthropic, Apple, Google, and OpenAI are among the companies making commitments. Some analysts argue health info could be at risk.

CNBC’s MacKenzie Sigalos reports on Amazon’s move to raise its quarterly capital spending to $31.4 billion, setting an annualized pace above $118 billion and escalating the hyperscaler race against ...

Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies ...

The Seattle-based company posted net profit of $18.2 billion for the second quarter that ended June 30, compared with $13.5 ...

Investors had big expectations for Amazon, and in particular the company's AWS cloud unit, following strong results from Microsoft ( MSFT 3.94%). Amazon revenue and earnings were up 13% and 33%, ...

Morgan Stanley projects that a proposed Trump tax break could give Amazon billions and supercharge its push to automate ...

Some tech giants are using news content to train AI, raising copyright concerns and reshaping how real-time information ...

Amazon reported its second quarter earnings on Thursday afternoon, with the company bringing in nearly $168 billion and ...

In Amazon's earnings release, Chief Executive Andy Jassy had this to say about artificial intelligence: “Our conviction that AI will change every customer experience is starting to play out as we’ve ...