Amazon has surpassed Walmart to become the No. 1 company on the Fortune 500 list for fiscal year 2025, ending Walmart's 13-year streak at the top. The ranking, based on revenue, now places Amazon first, followed by Walmart and UnitedHealth Group. This shift marks the first time since 2013 that Walmart has not held the top position, highlighting Amazon's growing dominance in the US market.
Amazon announced a new feature in its shopping app that displays AI-generated images of products based on user search queries. The aim is to help customers find items when they don't know the exact terms to describe them, by showing visual options re...
Amazon's key profit drivers—AWS, advertising, and subscriptions—are growing faster than its traditional retail business, creating a durable revenue mix. AWS alone generated $37.6 billion in Q1 2026 with a 37.7% margin, while advertising revenue excee...
Meta has introduced the Meta Business Agent, an AI-powered tool for businesses to handle customer inquiries, recommend products, and book appointments across WhatsApp, Messenger, and Instagram. This feature is part of a new subscription tier under Me...
Amazon has significantly increased its investment in Anthropic, a leading AI company, positioning itself for major gains if Anthropic's IPO performs well. The partnership includes Anthropic using Amazon's custom AI chips on AWS servers, potentially s...
Major tech firms are investing heavily in AI infrastructure, with hyperscalers like Microsoft and Amazon spending $725 billion this year, focusing on building their own supply chains. SoftBank and IBM are also vertically integrating by funding AI chi...
