Amazon has encountered significant unplanned expenses due to errors in deploying AI technology, including a project that overspent by 860%, costing $1.8 million over five months before detection. Another AI initiative for financial auditing tools added $541,000 in unexpected costs. These incidents highlight the challenges even large tech firms face in managing AI integration and controlling costs. Amazon states it is learning and improving AI use and cost efficiency as it experiments with the technology, reflecting a broader industry trend of cautious but growing AI investment.
Amazon plans to spend around $200 billion on capital expenditures in 2026, driven by growing investments in artificial intelligence. The company reported a 77% increase in capex to $44.2 billion in Q1, with expectations to rise to $49.3 billion in Q2...
Amazon-owned Zoox received a temporary exemption from U.S. regulators allowing it to charge for robotaxi rides, starting in Las Vegas. The National Highway Traffic Safety Administration (NHTSA) permits Zoox to operate up to 2,500 vehicles annually fo...
Zoox, an Amazon-owned autonomous vehicle company, received a federal exemption allowing it to charge customers for rides in its custom-built robotaxis, which lack traditional controls like steering wheels and pedals. The exemption from eight federal ...
Wall Street experienced a significant selloff with the Nasdaq 100 nearing correction territory and the Dow Jones dropping over 1,000 points, wiping out recent gains. The selloff is driven by fears of rising interest rates after three Federal Reserve ...
UBS has reduced its price target for Amazon to $305 from $333 ahead of the company's Q2 2026 earnings report, while maintaining a 'Buy' rating. The price target cut reflects expectations of higher capital expenditures due to rising component costs an...
