UK investigation launched into Amazon's £3bn AI startup investment
Thursday, 8 August 2024 () The UK's competition regulator has launched an inquiry into Amazon's investment of over £3bn into an artificial intelligence (AI) startup as regulators ramp up their scrutiny of mergers involving the fast-growing technology.
Amazon Reaches $2 Trillion , in Stock Market Value.
On June 26, Amazon became the 5th American company to join the $2 trillion club, NPR reports. .
Amazon shares ended the day up nearly 4%, giving the company a $2.01 trillion stock market valuation. .
Within the past year,
Amazon's stock has gained 52%.
Part of that gain can be attributed
to investors' enthusiasm about the
company's AI endeavors, NPR reports. .
A big part of the valuation boost has
been cloud and AI. Amazon is going to
be a major player in the AI revolution, Dan Ives, Wedbush tech analyst, via NPR.
Amazon currently has a chatbot called Q, which businesses that use AWS have access to. .
Amazon currently has a chatbot called Q, which businesses that use AWS have access to. .
Amazon CEO Andy Jassy recently said that
AI has rejuvenated the growth of AWS.
The cloud computing unit is reportedly on pace to bring in $100 billion in annual revenue.
Amazon recently invested in Anthropic, a California
AI company, "to develop so-called foundation models
that underpin generative AI systems," NPR reports. .
Amazon also makes its own AI chips.
The other four U.S. companies that
belong to the $2 trillion club are
Google, Microsoft, Apple and Nvidia. .
The other four U.S. companies that
belong to the $2 trillion club are
Google, Microsoft, Apple and Nvidia. .
The other four U.S. companies that
belong to the $2 trillion club are
Google, Microsoft, Apple and Nvidia. .
The other four U.S. companies that
belong to the $2 trillion club are
Google, Microsoft, Apple and Nvidia.
Credit: Wibbitz Top Stories Duration: 01:30Published
Amazon Prime Day 2024 , Dates Announced.
This year, Amazon Prime Day will fall
on July 16 and 17, Engadget reports. .
It will begin at 3:01 a.m. ET on July 16.
Thousands of deals on electronics, household items, fashion and more will be available to members only. .
Historically, Amazon Prime Day
has helped the retail giant to gain
more subscribers, Engadget reports. .
However, the price of a subscription has nearly doubled since 2005, when the service debuted. .
At launch, a Prime subscription was $79.
Now it will cost you $139.
Although July's Prime Day has been Amazon's
most significant shopping event for a while now.
the company has also offered a "fall Prime Day" in recent years, Engadget reports. .
It's likely that a similar event will return in the fall this year, but those dates have yet to be announced.
Credit: Wibbitz Top Stories Duration: 01:30Published