New Jersey's Attorney General has filed an antitrust lawsuit against Amazon, accusing the company of abusing its dominant position over third-party delivery contractors. The lawsuit claims Amazon's delivery service partner model suppresses wages, restricts competition among contractors, and enforces unfair working conditions. This legal action highlights growing scrutiny of Amazon's reliance on contracted delivery companies, which critics say allows the company to control labor conditions without direct employment responsibilities. The case could impact how Amazon manages its delivery network and labor practices going forward.
Amazon's aggressive investments in AI and its cloud division AWS have driven its free cash flow into negative territory, with capital expenditures expected to reach $220 billion by 2026. AWS continues to be the company's main growth driver, surpassin...
Amazon.com, Inc. has reached a $3 trillion market valuation, driven by strong confidence in its AI strategy and a $500 billion backlog as of Q2. Its AWS division's AI and chip businesses generate an annualized $50 billion, showing effective AI moneti...
Wall Street surged with the S&P 500 closing above 7,700 for the first time, driven by optimistic Iran negotiations, robust Q2 earnings growth, and a broad tech sector rally. Treasury Secretary Scott Bessent's comments on a potential deal to reopen th...
Anthropic has signed a $10 billion, six-year deal with AI cloud startup Volta to provide cloud computing capacity for its AI projects. The data center, located in Norway and powered by Nvidia's latest AI chips, will deliver 133 megawatts of capacity....
The Open Secure AI Alliance (OSAA), led by Nvidia and comprising over 120 companies, has created the Shared AI Findings Exchange (SAFE) to improve AI cybersecurity. The group, managed by The Linux Foundation, presented proposals for confidential inci...
