Amazon | DD News

January 29, 2026 10:01 AM

Amazon axes 16,000 jobs as it pushes AI and efficiency

Amazon confirmed 16,000 corporate job cuts on Wednesday, completing a plan for around 30,000 since October, while leaving open the possibility of further reductions. Amazon said on Tuesday it was closing its remaining brick-and-mortar Fresh grocery stores and Go markets, despite years of effort, and said it was dropping its Amazon One biometric payment system, which scans the palm of a customer's hand. Although 30,000 represents a small portion of Amazon's 1.58 million employees, who a...

January 29, 2026 9:26 AM

Nvidia, Microsoft, Amazon in talks to invest up to $60 billion in OpenAI

Nvidia , Amazon and Microsoft are in talks to invest up to $60 billion in OpenAI, The Information reported on Wednesday. Nvidia, an existing investor whose chips power OpenAI's AI models, is in talks to invest up to $30 billion, The Information said, citing a person with knowledge of the situation. Microsoft, a longstanding backer, is in talks to invest less than $10 billion, the report said. It added that Amazon, which would be a new investor, is in discussions to invest significantly more th...

December 10, 2025 4:16 PM

E-commerce major Amazon to invest over $35 billion in India through 2030

US e-commerce major Amazon on Wednesday announced to invest more than $35 billion across all its businesses in India through 2030. The US-headquartered company plans to spread this investment across what it calls its three strategic pillars viz AI-driven digitisation, export growth, and job creation besides business expansion. “These investments are strategically aligned with India’s national priorities and will focus on expanding AI capabilities, enhancing logistics infrastructure, suppor...

October 31, 2025 11:21 AM

Amazon shares rise after cloud growth exceeds expectations

Amazon's cloud revenue rose at the fastest clip in nearly three years, helping the company forecast quarterly sales above estimates and driving its shares up 14% in after-market trading on Thursday. The company projected increased capital spending next year. The online retailer benefited as businesses continue to spend relentlessly on artificial intelligence software development. Massive cloud demand is helping the tech company ease the pressure from softer growth at its e-commerc...

October 31, 2025 10:52 AM

Tech giants ramp up AI investments, yet Alphabet’s strong cash flow steals the spotlight

Four of the biggest U.S. technology companies flagged plans this week to accelerate capital spending over the next year but investors were most accepting of Google-parent Alphabet ability to fund its plans from its cash flow. Alphabet, Microsoft , Facebook-owner Meta and Amazon all announced plans for higher annual capital expenditures as they pour money into chips and data centers. Shares of all of those companies, with the exception of Amazon, have risen substantially this year on expec...

October 20, 2025 2:24 PM

Many websites, apps go dark as Amazon’s cloud unit reports global outage

Amazon's cloud services unit AWS was hit by an outage on Monday, causing connectivity issues for many companies around the world and disrupting services for several popular websites and apps including Fortnite and Snapchat. "We can confirm increased error rates and latencies for multiple AWS Services in the US-EAST-1 Region," AWS said in an update on its status page. AI startup Perplexity, cryptocurrency exchange Coinbase and trading app Robinhood attributed the outages to AWS. "Perplexity is...

July 22, 2025 3:48 PM

Trump’s Golden Dome looks for alternatives to Musk’s SpaceX

The Trump administration is expanding its search for partners to build the Golden Dome missile defense system, courting Amazon.com's Project Kuiper and big defense contractors as tensions with Elon Musk threaten SpaceX's dominance in the program, according to three sources familiar with the matter. The shift marks a strategic pivot away from reliance on Musk's SpaceX, whose Starlink and Starshield satellite networks have become central to U.S. military communications. It comes amid a deteriora...

November 28, 2024 1:24 PM

Microsoft faces wide-ranging US antitrust probe

The U.S. Federal Trade Commission has opened a broad antitrust investigation into Microsoft, including of its software licensing and cloud computing businesses, a source familiar with the matter said on Wednesday. The probe was approved by FTC Chair Lina Khan ahead of her likely departure in January. The election of Donald Trump as U.S. president, and the expectation he will appoint a fellow Republican with a softer approach toward business, leaves the outcome of the investigation up in the air...

September 16, 2024 3:23 PM

Samsung, Xiaomi colluded with Amazon, Flipkart: CCI report

Samsung, Xiaomi and other smartphone companies colluded with Amazon and Walmart's Flipkart to exclusively launch products on the e-commerce firms' Indian websites in breach of antitrust laws, according to the Reuters news agency. Antitrust investigations conducted by the Competition Commission of India (CCI) have found that Amazon and Flipkart violated local competition laws by giving preference to select sellers, prioritising certain listings, and steeply discounting products, hurting other co...

September 16, 2024 3:23 PM

CCI probe finds Amazon, Walmart’s Flipkart breached antitrust laws

The Competition Commission of India (CCI) investigation has found U.S. e-commerce giant Amazon and Walmart's Flipkart violated local competition laws by giving preference to select sellers on their shopping websites, Reuters reported. CCI in 2020 ordered an investigation into Amazon and Flipkart for allegedly promoting certain sellers with which they had business arrangements and giving priority to certain listings. In a 1027-page report on Amazon and a separate 1,696-page report on Flipkart, ...