Amazon plans to build a data center in Pecos County, Texas, powered by an on-site natural gas plant permitted to emit 33 million tons of CO2 annually, potentially making it the largest climate polluter in the U.S. This move raises concerns as Amazon's carbon emissions rose 16% last year, despite its pledge to eliminate emissions by 2040. The company claims the new power source won't increase electricity costs for Texas families and maintains its climate commitment, though critics worry about the environmental impact of supporting energy-hungry data centers with fossil fuels.
Zoox's regulatory cap limiting its robotaxi fleet to 100 vehicles in Nevada will expire on September 25, enabling the Amazon-owned company to expand its commercial robotaxi service in Las Vegas. This comes as competition intensifies, with Waymo launc...
Amazon plans to spend $6.8 billion expanding its same-day delivery hubs from 85 to over 1,000 by 2031, aiming to place fast-moving inventory within 10 miles of 80% of U.S. Prime members. This move targets Walmart's advantage of having 5,000 stores th...
Generac Holdings Inc has signed a long-term agreement to supply backup generators to Amazon's data centers, with initial deliveries valued at about $2.4 billion expected in 2027 and 2028. The deal includes a warrant allowing Amazon to acquire up to 1...
Generac's stock surged 16% after signing a $2.4 billion multi-year contract to supply backup generators for Amazon's data centers. The deal also includes Amazon receiving equity warrants in Generac, which could dilute gains from the revenue boost. Wh...
Amazon's stock has underperformed recently, but its core business shows strong growth, especially in AWS and advertising. AWS revenue rose 37% year-over-year with a large backlog, and advertising revenue grew 26%, both contributing to higher operatin...
