New York City's proposed Delivery Protection Act, backed by Mayor Zohran Mamdani, aims to require companies like Amazon to directly employ workers performing core delivery and warehouse services, eliminating subcontracted labor through Delivery Service Partners (DSPs). Amazon, which currently uses over 40 DSPs for 5,000+ workers, opposes the bill and threatens to relocate operations, citing increased costs that could raise consumer prices. The bill, paused in committee despite strong council support, could redefine last-mile delivery and gig-worker policies nationwide if enacted. The outcome will impact workers' rights, small businesses, and consumer costs in one of the largest e-commerce markets in the U.S.
Nvidia reported quarterly revenue that more than doubled, driven by strong demand for its AI chips, and forecasted third-quarter revenue above Wall Street estimates. The company expects about 70% revenue growth by fiscal 2028 and announced expanding ...
Anthropic has secured a $45 billion, six-year deal to rent AI computing power from British startup Nscale, utilizing Nvidia's cutting-edge Vera Rubin chip system. This deal, starting in late 2027, adds to Anthropic's aggressive expansion of compute c...
Amazon's AWS segment showed impressive growth in 2Q26, with operating income up 63% and revenue up 37% year-over-year, fueled by strong AI and chip businesses. Management projects AWS revenue could eventually reach $1 trillion, supported by the fact ...
Amazon.com, Inc. reported its largest quarter ever in Q2 2026, achieving $200.6 billion in sales and a 43% increase in operating income. The growth was mainly driven by Amazon Web Services (AWS) and advertising, with AWS contributing 21% of total rev...
Jim Cramer proposed that if US towns keep rejecting data center projects, companies should consider relocating to Queretaro, Mexico, a major data center hub. He also recommended that operators invest in local junior colleges and trade schools to trai...
