Amazon is growing its Amazon Autos program, which started with Hyundai and now includes brands like Chevrolet, Jeep, Kia, Mazda, and Subaru, operating in over 130 U.S. cities. This move targets the $1.3 trillion new car sales market by enabling customers to browse, finance, and buy cars online from local dealers, reducing dealership time. Dealers benefit from increased exposure to online shoppers, though sales are still in early stages. Amazon sees potential beyond sales, including a $30 billion car advertising market, while dealerships increasingly use AI to enhance digital sales and operations.
Dave Brown, a senior vice president at Amazon Web Services (AWS) and a key figure since its early days, is leaving the company at the end of this month for a new role outside Amazon. Brown helped launch AWS's core EC2 service and later led its comput...
The rapid growth of hyperscale data centers, driven by AI demand, is causing U.S. electricity consumption to surge after a decade of stagnation. Experts predict data centers will use 11-16% of total electricity by 2030, with investments in these faci...
The global hybrid robots market is projected to grow from $5.68 billion in 2026 to $10.03 billion by 2030, with a CAGR of 15.3%. Growth is fueled by advances in AI, autonomous operations, and smart manufacturing, alongside rising demand for robots in...
Electrovaya Inc. has announced a commercial agreement with Amazon to support the deployment of its Infinity Battery Technology in material handling operations, with potential expansion into robotics and energy storage applications. Amazon will receiv...
TappAlpha introduced the TappAlpha Cboe Magnificent 10 Growth & Daily Income ETF (TMGN), which offers exposure to the Cboe Magnificent 10 Index featuring leading tech companies like Nvidia, Microsoft, and Apple. This ETF applies TappAlpha's options-b...
