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Italian authorities seize €121 million from Amazon for alleged tax fraud and worker exploitation

Investigations by the Milan prosecutor's office have uncovered an alleged illegal subcontracting scheme.

Amazon Reaches $2 Trillion in Stock Market Value

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.

Amazon Prime Day 2024 Dates Announced

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.