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DARK SECRETS: Andy jassy | Rare Historical Photos

Amazon Spends $200 Billion on AI as Worker Food Stamp Use Triples and Taxpayers Cover the Grocery Bill

A federal watchdog found that Amazon workers on food stamps and Medicaid have nearly tripled since 2020, as the retailer plans $200 billion in AI spending and taxpayers foot the bill.

International Business Times UK

Amazon raises prices of Echo, Kindle, Fire TV in US; check the new prices across its popular device range

Amazon has increased prices for its Echo, Kindle, Fire TV, and eero devices. Rising memory and storage component costs are pushing up hardware expenses for the company. This price adjustment follows the company absorbing these increases for an extended period. Other tech giants like Apple and Microsoft are also adjusting…

The Economic Times

Exclusive: Amazon quietly hiked prices on Echo, Fire TV, Kindle, and eero overnight to offset ‘significant increases’ in memory costs

The e-commerce company's hardware price hikes follow similar moves by Apple, Dell, and Microsoft Xbox.

Fortune

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Amazon set to expand drone delivery of lightweight packages to 500 US cities

Amazon's plan would expand its drone delivery operation more than sixfold nationwide into hundreds of new communities, including the Chicago, Atlanta, Cleveland and Boise metro areas. The drones will primarily fly in the suburbs well away from skyscrapers and major airports that could cause problems.

The Economic Times

Amazon’s drone delivery set for massive expansion across 500 US cities

Millions more people may be able to get smaller, lightweight Amazon packages delivered by drones by the end of the year under a plan the company announced Thursday to expand the airborne shipping to suburban areas in nearly 500 U.S. cities

The Independent UK

AI is changing work faster than the data can keep up

Recent studies have shown AI having a positive impact on job growth, yet economists and labor activists warn that the emerging technology threatens to quickly transform the financial system.

Fortune

Amazon's AI Spending Keeps Rising. Andy Jassy Says Memory Costs Drove $20 Billion Capex Increase.

Amazon has increased its planned capital spending for 2026 to about $220 billion, with CEO Andy Jassy citing higher AI memory costs and robust cloud demand that is expected to outstrip available capacity through at least 2028.

International Business Times

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Amazon’s AI Story Is Bigger Than You Think. Here Are 3 Reasons Why.

Artificial intelligence is driving growth in more than one corner of Amazon's sprawling business.

Barchart

Career growth is actually a higher priority for Gen Z than work-life balance, survey says—with 93% of interns wanting to become executives

Career growth is a higher priority for Gen Z than work-life balance, workplace culture, and even salary, according to a KPMG survey of interns.

Fortune

Why Walmart and Amazon Could Be the Market’s Most Complementary Mega-Caps

Walmart and Amazon show strong earnings growth and AWS momentum, making the retail giants complementary portfolio picks offering dividend stability alongside AI-driven cloud expansion.

MarketBeat

Jeff Bezos Filed To Sell Billions Worth Of Amazon Stock. Its Shares Are Falling

Amazon's stock is declining on Tuesday following reports that company founder Jeff Bezos filed to sell more than $4 billion worth of shares.

International Business Times

What bubble? Amazon enters $3 trillion market cap club, CEO highlights striking AI demand

Amazon shares reached a new high, briefly surpassing $3 trillion in market value. This surge followed a strong earnings report and increased investor confidence in artificial intelligence. The company's cloud services showed significant growth, exceeding expectations and boosting its valuation. Amazon anticipates substantial capital expenditures to meet future artificial intelligence…

The Economic Times

Amazon CEO Andy Jassy's AI Spending Pitch Won Wall Street Over, Jim Cramer Says— While Meta and Alphabet Are Still Struggling to Explain Theirs: 'The Same Numbers...'

CNBC’s Jim Cramer said Monday that Amazon.Com Inc (NASDAQ:AMZN) CEO Andy Jassy’s explanation of the company’s artificial intelligence (AI) spending during its latest earnings call changed how Wall Street views Big Tech’s multibillion-dollar AI investments.

Benzinga

Amazon Tops $3 Trillion Market Cap as Shares Hit a Record High. AI-Powered AWS Growth Fuels Post-Earnings Rally

Shares of the e-commerce and technology giant climbed about 4% to a new all-time high, marking their strongest performance since early May.

International Business Times

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Barchart

Wall Street Is Rewarding AI Results, Not Just AI Spending

The market is buying CEO Andy Jassy's spending plan for Amazon.

Fortune

Amazon’s Andy Jassy sees a $1 trillion cloud built on businesses like the PGA Tour

AWS just posted $42.2 billion in revenue with its fastest growth in 18 quarters and the AI platform saw more spending last quarter than in every prior quarter since launch combined.

Fortune

Amazon may owe you money: It just got $600 million in tariff refunds after a lawsuit accused it of favoring Trump

Andy Jassy conceded in January tariffs were hitting prices, months before Amazon’s $600 million refund came to light.

Benzinga

AMZN Stock Soars 12% in Pre-Market Trading After Blowout Q2 Results as Analyst Says Amazon Is Already 'Monetizing' Its AI Investments

Amazon.com, Inc. (NASDAQ:AMZN) shares surged over 12% in Friday’s pre-market trading after the e-commerce and cloud-computing giant reported stronger-than-expected second-quarter results.

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news in one place.

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Fortune

Andy Jassy said Amazon will spend $220 billion this year—and still won’t have enough capacity to meet demand

AWS revenue hit $42.2 billion in Q2, marking its fastest growth in 18 quarters as AI demand outpaces Amazon’s ability to build more data centers.

Benzinga

Amazon Posts Double Beat In Q2, Fastest AWS Growth In 18 Quarters

Amazon.com Inc (NASDAQ:AMZN) posted financial results for the second quarter on Thursday after the closing bell. Here’s a rundown of the e-commerce giant’s report.

Fortune

‘I predict one day Amazon will fail’: Jeff Bezos once warned his company might only last 30 years. At 31, it’s the biggest company in the world

From humble bookstore to Fortune Global 500 giant, Amazon is now the world’s largest company by revenue.

Benzinga

Amazon Earnings Prediction Market Preview: What Will Andy Jassy Talk About?

Amazon.com Inc. (NASDAQ:AMZN) reports second-quarter earnings after the bell Thursday, with the call at 5:00 p.m. ET.

Fortune

Amazon and Microsoft are spending $400 billion on AI—and investors are low on patience

Days after Wall Street punished Alphabet for its unbridled spending on AI infrastructure, the world’s two leading cloud giants are set to provide the latest update on their long-running rivalry.

Fortune

As millions of Gen Zers face unemployment, CEOs of Amazon, Citi, and McDonald's say opportunity is still there—if you have the right mindset

From Nvidia CEO Jensen Huang to Amazon boss Andy Jassy, Fortune 500 leaders have shared their advice for workers to thrive in today’s shaky job market.

International Business Times UK

Amazon Layoffs Continue: Team Behind Its Top AI Models Hit by Job Cuts

Amazon's AGI team faces layoffs amid a $200B AI push, signaling shifts in its AI focus ahead of Q2 results. Explore the impact on Amazon's AI ambitions and workforce.

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