Recursive Superintelligence secured a $400 million multi-year compute deal with Amazon Web Services to support its development of open-ended self-improving AI systems. This deal represents the majority of the company's $650 million funding and focuses on heavy compute resources rather than traditional staffing. AWS will co-develop infrastructure tailored to Recursive's needs, potentially attracting other AI firms. Recursive plans to release tangible AI products leveraging self-improvement technology by October, marking a significant step in automating AI development.
Amazon is experiencing strong growth across all segments but faces short-term financial pressure due to heavy capital expenditures (CAPEX) on AWS and upcoming LEO satellite services. These investments are expected to reduce free cash flow margins and...
Amazon.com, Inc. is expected to report strong Q2 2026 results with revenue guidance of $194B–$199B and operating income between $20B–$24B. The company’s growth is driven primarily by AWS, which supports high-quality operating income. However, ongoing...
Amazon has applied for a license to operate a network of 5,105 satellites aimed at providing mobile phone services, with launches expected to begin in 2028. This follows Amazon's acquisition of Globalstar's satellite operations and aims to expand sat...
Amazon has requested federal approval to launch up to 5,105 satellites to build a direct-to-device (D2D) internet network, aiming to provide connectivity directly to smartphones and other devices without relying on traditional cell towers. This netwo...
Dow futures surged over 500 points Monday as crude oil prices fell sharply, easing pressure on stocks after weeks of volatility. Investors await the Federal Reserve's rate decision on Wednesday and earnings reports from major tech firms like Amazon, ...
