Amazon, AWS growth
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Amazon is replacing Fire tablets with its new Alexa tablets, and the Fire HD 10 is now 53% off while supplies last. Here’s what you get for the price.
The biggest U.S. company by revenue has dominated e-commerce, but a potential rival is emerging.
Amazon is adding several new features to its AI shopping assistant, including ways to create, edit, and move items between shopping lists and gift registries. As an example, Amazon says you can now ask Alexa for Shopping to “Create a new shopping list” or “Show me what’s left on my wedding registry.”
But while Amazon hemorrhages cash for AI, its revenue also failed to match up to analyst expectations. The tech giant reported $201.9 billion in revenue, up 12% since last year. That result was below analyst estimates, the Wall Street Journal reported.
Anthropic is relying more and more on Alphabet Inc.'s Google, Amazon.com Inc. and Microsoft Corp. to sell its artificial intelligence technology to customers.
The preeminent smart speaker just got a little smarter - and more expensive.
Amazon’s overall revenue increased 12% to $201.9 billion, and net income was $20.7 billion. Both were below analysts’ estimates polled by FactSet. Shares were down about 7% in postmarket trading. Revenue from Amazon Web Services was $46 billion,
Prime Video is locked in an existential battle with Netflix, with both seeking to claim the crown as the world's biggest and most popular streaming service. After a few years of price hikes and restrictions, the way to people's hearts is via actual, high-quality shows and movies, though.
