OpenAI signs $38B deal with Amazon
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Amazon reports higher sales and earnings for 3Q, helped by its fast-growing web services business
Amazon posted higher fiscal third quarter profit and sales compared with a year ago, fueled by accelerating growth in its cloud computing business and strong spending by its customers looking for low prices at a time when inflation is resurging.
Amazon.com, Inc. stock is undervalued, with AWS leading the AI-driven cloud market and the OpenAI deal set to boost long-term performance. Click for my AMZN update.
A major outage last week disrupted Amazon's cloud division for 15 hours, affecting hundreds of companies and raising questions about AWS' resilience.
The tech giant is bolstering its cloud-computing and retail businesses in the country as it continues to expand in Europe.
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Matt Day sizes up Amazon’s place in the changing cloud computing market.
Amazon chief executive Andy Jassy’s explanation for why the company is cutting 14,000 employees? Not money. Not even AI, but “culture.”
Amazon has just released its earnings for Quarter 3, which showed an increase in revenue well above expectations.
TheDesk.net on MSN
Amazon Q3 revenue boosted by advertising, cloud computing businesses
Amazon posted stronger-than-expected financial results for its third quarter of 2025 on Thursday, buoyed by accelerating growth in its cloud computing and advertising segments, as well as rising adoption of its in-house artificial intelligence technology.