Amazon and Transaera have expanded their collaboration after a successful six-month trial of Transaera's rooftop cooling technology at an Amazon logistics site. The system uses advanced materials to remove moisture before cooling, reducing energy consumption by 40% compared to traditional HVAC systems. This technology supports Amazon's goal of net zero carbon emissions by 2040 and will be integrated into Amazon's global building network. Transaera will also dedicate part of its U.S. manufacturing to support this deployment, promoting energy efficiency and domestic jobs.
Warner Bros Discovery has filed a lawsuit against Amazon accusing it of illegally recruiting employees who are still under contract, including HBO Max marketing executive Pia Barlow. The lawsuit claims Amazon induced employees to breach their term ag...
Yields on bonds climbed this week after Alphabet increased its capital expenditure forecast for AI development, sparking fears that other major tech companies like Amazon and Meta will follow. Fixed-income investors are demanding higher credit spread...
Shares of major tech companies, including Alphabet and Tesla, dropped sharply after both announced increased capital expenditures focused on AI infrastructure. Alphabet plans to spend $200 billion this year, up from $190 billion, aiming to enhance AI...
Leading AI-focused tech giants like Alphabet, Meta, Amazon, Oracle, and Microsoft have seen their stock prices decline since April 2023, with Oracle dropping over 31%. The main reason is soaring capital expenditure (capex) on AI development, which is...
President Donald Trump announced a trade investigation into the European Union following the EU's $1 billion fine on Google for allegedly prioritizing its own services. The probe aims to cancel these hefty fines against US tech giants and could lead ...
