Amazon

Amazon Inc shares rose 3% after announcing a $25 billion investment in Anthropic to enhance AI infrastructure. The deal includes immediate and future capital commitments, emphasizing a long-term partnership that secures demand for Amazon Web Services amid rising AI investments.

The filing is part of the 2022 antitrust lawsuit, which alleged that Amazon artificially inflated the cost of products to shield its profit margins.

Amazon will invest up to $25 billion in Anthropic, which plans to spend over $100 billion on Amazon's cloud tech. Details here.

California's attorney general says price fixing by Amazon is caught 'explicitly and egregiously in writing.' Read what the newly unsealed court documents reveal about how it worked.

An Amazon employee at the Troutdale warehouse died while working, reportedly unnoticed for over an hour. The incident has raised safety concerns among employees, with claims of high temperatures and ongoing operations despite the emergency. The exact cause of death remains unknown.

Amazon is developing Project Houdini to speed up data centre construction for AI, according to a new report. The initiative is said to shift much of the process off-site, reducing construction time from 15 weeks to as little as two to three weeks and cutting labour hours significantly.

Amazon is disputing a New York City bill that could require it to hire thousands of delivery workers, potentially increasing delivery costs and disrupting its current model. The bill, reintroduced by Tiffany Caban, may lead Amazon to relocate its distribution centers outside the city.

Telecom infrastructure company Indus Towers has announced the appointment of Venkatesh Tiwari as its new Chief Operating Officer effective today.

Artificial intelligence (AI) has now become tech companies' go-to word for massive job cuts. According to a tech investor, blaming AI is better than citing cost pressure, since it makes the technology look bad. Major tech giants such as Meta, Amazon and Google announced job cuts in the past.