Big Tech’s AI spending is putting a longtime strengths to the test
The artificial intelligence spending boom is testing one of Big Tech’s greatest strengths: pristine balance sheets. Club holdings…
Jim Cramer says the market has warmed up to Big Tech’s AI spending. Here’s what flipped the switch
CNBC’s Jim Cramer said on Monday that Amazon CEO Andy Jassy’s earnings call changed how Wall Street views…
Tech’s pricey AI buildout: Dwindling cash and soaring memory costs
Almost four years into the artificial intelligence boom, the world’s biggest tech companies are still making grand promises…
Amazon adds new funding, lifting India AI and cloud investment to $48 billion
Andy Jassy, CEO of Amazon, speaking with CNBC at the World Economic Forum in Davos, Switzerland on Jan.…
Anthropic asked for regulation. Washington went much further
Anthropic’s longstanding push for regulation is coming back to bite it. The artificial intelligence company, now valued at…
Amazon unveils latest warehouse robot as tech giants do AI layoffs
Amazon’s original Proteus robot has been rolled out in 25 fulfilment centers in the U.S. Sawdah Bhaimiya Amazon…
Big Tech cannot afford to be cheap on AI spending
Cloud computing giants cannot afford to pinch pennies on the artificial intelligence buildout, CNBC’s Jim Cramer argued Wednesday.…
Andy Jassy says Amazon investors will be rewarded by its AI spending
Andy Jassy said Amazon’s massive spending on artificial intelligence isn’t something investors should fear — it’s exactly why…
AI is exposing cracks in India’s growth story as it hits high-paying IT jobs
Hello, this is Priyanka Salve, writing to you from Singapore. Welcome to the latest edition of “Inside India” — your…
Amazon custom chips get a boost from Meta, giving the cloud giant another path to win in AI
Amazon stock is finally getting the breakout we have been waiting for — and another artificial intelligence chip…
We’re not going to be conservative
Amazon CEO Andy Jassy speaks during a keynote address at AWS re:Invent 2024, a conference hosted by Amazon…
Amazon revenue passes Walmart after earnings reports
Signs for Walmart (L) and Amazon. Getty Images For the first time, Amazon has dethroned Walmart as the…