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Big Tech investors to gauge payoff as AI spending set to hit $600 billion

Big Tech has spent hundreds of billions of dollars over three years to power the artificial intelligence boom.

Spotify forecasts second-quarter profit below estimates, shares slump

Spotify forecast second-quarter earnings and premium subscribers below Wall Street estimates on Tuesday, a sign of slowing growth for the Swedish streaming giant in its major

Microsoft, OpenAI change terms of deal so startup can court Amazon and others

Microsoft and OpenAI renegotiated a pact that let Microsoft exclusively sell the ChatGPT creator's artificial intelligence models,

Amazon secures exclusive rights to Oprah Winfrey's podcast

Amazon signed a multi-year deal with American talk show host Oprah Winfrey's Harpo Entertainment that gives its Wondery podcast unit exclusive distribution and advertising rights

AI casts existential shadow over legacy software companies, Bridgewater CIOs warn

When Amazon began selling books online, many feared traditional bookstores such as Barnes & Noble would fade into obsolescence.

Soaring US stocks face pivotal week of tech-led earnings, Fed meeting

A scorching U.S. stock rally faces a test from a mammoth week of corporate results led by major technology companies, along with a Federal Reserve

In two Amazon units, 'builder' replaces traditional job titles

During Amazon’s annual review season now under way, hundreds of employees will see their job titles stripped.

Microsoft must face $2.8 billion UK lawsuit over cloud computing licences

Microsoft must face a mass lawsuit alleging it overcharged thousands of British businesses to use Windows Server software on cloud computing services provided by Amazon,

AI startup Anthropic commits $100 billion to Amazon's AWS over next 10 years

Artificial intelligence company Anthropic has signed a new agreement to commit more than $100 billion over the next 10 years to Amazon’s AWS cloud platform to train and run its Claude chatbot

Amazon to invest up to $25 billion in Anthropic as part of $100 billion cloud deal

Amazon said on Monday that it will invest up to $25 billion in Anthropic, as the AI startup commits to spending more than $100 billion over the next 10 years on

California says Amazon pressured retailers to boost prices on their websites to not undercut it

California's attorney general alleges that Amazon uses its market power to pressure vendors like Levi Strauss and retailers like Walmart to raise prices on their websites

Amazon eyes $9 billion Globalstar deal to rival SpaceX's Starlink, FT reports

Amazon is in talks to buy satellite telecom group Globalstar as it ramps up efforts to build its own low-earth-orbit satellite business to rival SpaceX's Starlink, the Financial

Amazon must negotiate with Staten Island warehouse workers, NLRB says

Amazon must negotiate with a labor union representing some 5,000 workers at a company warehouse on Staten Island, the National Labor Relations

Investors press Amazon, Microsoft and Google on water, power use in US data centers

Amazon strikes deal with USPS that maintains 80% of package volume

Amazon.com on Monday announced it reached a new agreement with the U.S.

Grocer Albertsons forecasts soft annual sales as demand remains strained

U.S.-based grocer Albertsons forecast annual sales below Wall Street estimates on Tuesday, signaling pressure on demand from fierce competition with bigger rivals, including

She can’t stop streaming

She can’t stop streaming

SpaceX and OpenAI IPOs are unlikely to bring skyrocketing returns that Amazon and Apple did, as companies go public later in life and early investors cash out

In the old days, companies like Apple and Amazon went public early to access cash to grow. These days, soon-to-be-public companies are already flush with cash from private finance.

Waymo's robotaxis now being dispatched in 10 major U.S. markets with expansion in Texas and Florida

Waymo will begin dispatching its robotaxis in four more cities in Texas and Florida, expanding the territory covered by its fleet of self-driving cars to 10 major U.S. metropolitan markets

Amazon scraps partnership with surveillance company after Super Bowl ad backlash

Ring is ending its planned tie-up with police surveillance company Flock Safety after critics raise fresh worries about neighborhood camera networks

OpenAI has deleted the word ‘safely’ from its mission – and its new structure is a test for whether AI serves society or shareholders

OpenAI’s restructuring may serve as a test case for how society oversees the work of organizations with the potential to both provide benefits and harm humanity.

Last month was the worst January for job cut announcements since 2009

Last month was the worst January for job cut announcements since 2009

There are many famous names in the Epstein files

There are many famous names in the Epstein files

Amazon touts ‘Melania’ box office success, though film well short of turning a profit

Amazon touts ‘Melania’ box office success, though film well short of turning a profit