Amazon | DD News

September 29, 2026 8:19 PM

Anthropic eyes USD 518 billion AI buildout; backed by about 80% non-cancellable deals

Anthropic expects to spend at least USD 518 billion over the next decade to secure AI computing infrastructure from six partners, with about 80 per cent of the commitments either non-cancellable or payable regardless of usage, according to a Reuters report. The AI startup said it plans to spend at least USD 111.1 billion with Google, USD 110 billion with Amazon and USD 31.4 billion with Microsoft under long-term infrastructure service obligations over the next seven to 10 years “regardless of...

July 3, 2026 1:16 PM

Amazon to start initial Leo internet service this year as network nears 400 satellites

Amazon expects to roll out initial internet service with its Leo broadband satellite network later this year after the company's latest launch put the orbiting constellation's satellite count over 390, a company executive said on Thursday. Amazon's latest batch of 29 satellites lifted off from Florida early on Thursday aboard an Atlas V rocket from United Launch Alliance, marking the company's 14th launch of dozens more planned to deploy more than 3,200 satellites that will provide global inter...

June 25, 2026 3:13 PM

Amazon announces $48 billion investment in India by 2030 after CEO Andy Jassy meets PM Modi

Amazon has announced plans to invest $48 billion in India between 2026 and 2030, marking one of the largest investment commitments by a multinational company in the country. The announcement came after Amazon CEO Andy Jassy met Prime Minister Narendra Modi in New Delhi on Thursday. Welcoming the investment, PM Modi said in a post on X, “A great meeting with Mr. Andy Jassy. I welcome Amazon's record $48 billion investment in India. This will create new opportunities for our youth. At the same ...

April 28, 2026 9:33 AM

Microsoft, OpenAI change terms of deal so startup can court Amazon and others

Microsoft and OpenAI renegotiated a pact that let Microsoft exclusively sell the ChatGPT creator's artificial intelligence models, clearing the way for the startup to forge new deals with rivals to the software and enterprise giant, including Amazon. The loosened ties between Microsoft and OpenAI, which have been expected for a while, are a sweeping change to one of the AI era's most consequential alliances. It is arguably advantageous for both companies. Microsoft shares initially fell 1.3% o...

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...