Amazon-owned Zoox voluntarily recalled 105 of its autonomous robotaxis after a software issue caused the vehicles to fail in detecting heavy smoke, leading one unoccupied vehicle to drive into an active emergency fire scene in Las Vegas. The recall follows a directive from the National Highway Traffic Safety Administration (NHTSA) urging autonomous vehicle developers to address safety concerns involving first responders. Zoox reported no injuries from the incident and stated it was the only event of its kind. The company is working to improve its software amid competition from Waymo, which recently recalled nearly 3,900 vehicles over safety issues as well.
Anthropic's IPO reveals a rare ownership structure where major venture capital firms hold less than 5% stakes due to the company's massive $965 billion valuation. Instead, tech giants Amazon and Google stand to gain the most, with Amazon holding $6.2...
Anthropic disclosed in its SEC filing that it had $112.4 billion in cash and $19.3 billion in short-term investments as of June 30, totaling $131.7 billion. This amount surpasses every non-bank U.S. company except Berkshire Hathaway and Alphabet, exc...
Amazon issued an internal memo advising software engineers not to rely solely on token usage or code generation metrics to measure AI adoption, calling these methods "deeply flawed." The company highlighted that such metrics can drive up costs and ad...
Amazon.com, Inc. is expected to report solid revenue growth in Q3, mainly driven by strong performance in its cloud business, AWS. However, heavy investments in artificial intelligence could weigh on the company's earnings and free cash flow, with ne...
Amazon is set to report its Q3 earnings on October 29, with analysts expecting a slight earnings increase to $1.96 per share and a 12.3% revenue rise to $202.3 billion. Investors are closely watching AWS revenue and capital expenditure guidance, as t...
