Amazon is shifting its AI strategy by winding down most Nova models to prioritize a new frontier model led by Pieter Abbeel, with a debut expected at the re:Invent conference. Corning reported mixed guidance with Q3 revenue below expectations despite strong Q2 results. Boeing beat Q2 revenue forecasts but faced losses due to Air Force One delays, while PayPal exceeded Q2 earnings and raised full-year guidance despite a soft Q3 outlook. Apple reached a $5 trillion market cap, becoming the second company ever to do so, driven by strong hardware sales. Additionally, RBC suggests a potential SpaceX-Tesla merger could create a vertically integrated AI ecosystem combining space and ground technologies.
Amazon is reorganizing its AI division by phasing out several in-house AI models and shifting focus to frontier-level AI research. This move follows recent layoffs in its Artificial General Intelligence (AGI) division and the closure of its AGI Lab. ...
Recursive Superintelligence secured a $400 million multi-year compute deal with Amazon Web Services to support its development of open-ended self-improving AI systems. This deal represents the majority of the company's $650 million funding and focuse...
Amazon is experiencing strong growth across all segments but faces short-term financial pressure due to heavy capital expenditures (CAPEX) on AWS and upcoming LEO satellite services. These investments are expected to reduce free cash flow margins and...
Amazon.com, Inc. is expected to report strong Q2 2026 results with revenue guidance of $194B–$199B and operating income between $20B–$24B. The company’s growth is driven primarily by AWS, which supports high-quality operating income. However, ongoing...
Amazon has applied for a license to operate a network of 5,105 satellites aimed at providing mobile phone services, with launches expected to begin in 2028. This follows Amazon's acquisition of Globalstar's satellite operations and aims to expand sat...
