Amazon’s profits more than tripled in the first quarter of 2021 to over $8 billion, as the pandemic continued to boost its online retail, cloud and advertising businesses.
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
'The Boys' are heading toward their final fight. Season five of the Amazon Prime Video show will be its last. Showrunner Eric Kripke shared the news on social media. He wrote, "Season 4 premiere week is a good time to announce: Season 5 will be the final season! Always my plan, I just had to be cagey till I got the final OK from Vought. Thrilled to bring the story to a gory, epic, moist climax."
Credit: The Hollywood Reporter Duration: 01:19Published
Sarayu Blue chats with THR at the 'Inside Out 2' carpet and shares how she taps into joy. Plus, she reveals which emotion drives her mind and talks 'Expats' and the fan response with the Amazon show.
Credit: The Hollywood Reporter Duration: 03:03Published
Tesla posted record quarterly profits, as its adjusted earnings reached the $1 billion mark for the first time. The sale of bitcoin contributed to almost a quarter of Tesla’s profitability. CNN’s..
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