Amazon is spending a fortune on AI infrastructure and CEO Andy Jassy sees a new way to pay for it with Alexa+.

Amazon has backed a new AI service that is being called the "Netflix of AI", and it's another depressing development in the use of generative AI in the entertainment industry.

CNBC’s MacKenzie Sigalos reports on Amazon’s move to raise its quarterly capital spending to $31.4 billion, setting an annualized pace above $118 billion and escalating the hyperscaler race against ...

UnitedHealth Group named Bain Capital executive Wayne DeVeydt as its next CFO, replacing John Rex, who will become strategic advisor to the CEO. The medical products maker raised its earnings outlook ...

Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories.

A notable nugget for data platform watchers is with Azure Databricks and Snowflake on Azure both accelerating, Microsoft is ...

Investors had big expectations for Amazon, and in particular the company's AWS cloud unit, following strong results from Microsoft (NASDAQ: MSFT). Amazon revenue and earnings were up 13% and 33%, ...

An increase in Amazon Web Services spending cut into the cloud giant’s profits in the second quarter as AWS raced to meet ...

Amazon.com, Inc.'s Q2 impresses but shares dip on cautious Q3 outlook. Click for my updated look at AMZN stock and why I ...

AWS represents a small part of Amazon’s total revenue, but it is a key driver of profits, typically accounting for about 60% ...

The CMA determined that "competition is not working well" and has shared recommendations to solve the situation. An independent CMA panel found the cloud services market to be “highly concentrated,” ...

During Amazon's earnings call, an analyst asked CEO Andy Jassy for his response to the notion on Wall Street that the company was falling behind on generative AI development. Jassy, in response, said ...