Amazon is purchasing rare books, cutting off their spines, and scanning them at a Las Vegas facility to train its AI models. This method provides unique training data from texts that are out of print or not available online, which helps improve AI quality by avoiding reliance on AI-generated content. The facility, known as VGT3, uses these rare books to enhance Amazon's AI products and services. This approach highlights the growing demand for diverse and high-quality data in AI development.
Synchrony Financial is collaborating with OpenAI to allow shoppers to buy products directly inside ChatGPT using store-branded credit cards from brands like Amazon, Walmart, and Lowe's. This initiative aims to integrate payments fully within ChatGPT,...
In Q2, corporate earnings grew 50.4%, the fastest pace since mid-2021, driven largely by Alphabet and Amazon, which contributed 18.4 percentage points to this growth. Alphabet posted a massive 216% earnings per share beat, though adjusting for unreal...
In Q2 2026, David Tepper's Appaloosa Management reduced holdings in memory chip makers like Micron and exited SanDisk, reallocating capital into AI-related stocks such as Amazon, Taiwan Semiconductor, NVIDIA, and a new position in CoreWeave. Notably,...
Amazon briefly surpassed a $3 trillion market cap in early August but pulled back slightly after. Despite this, analysts at 24/7 Wall St. see a 30.51% upside with a price target of $342.78 over the next year, citing strong Q2 revenue growth of 19.62%...
Amazon and Meta reported strong revenue growth but heavy capital expenditures on AI infrastructure in Q2, with Amazon spending $53.1 billion and Meta $31.1 billion. Amazon's AWS segment showed robust cash flow and backlog growth, benefiting from mult...
