JP Morgan analyst Doug Anmuth named Amazon.Com Inc AMZN the top pick following a solid start to the early holiday shopping season.Early holiday 2024 data points suggest solid U.S. e-commerce growth, with third-party estimates indicating U.S. e-commerce Cyber Week sales growth mainly in line with Anmuth’s projected +7.5% fourth-quarter U.S. e-commerce sales growth (vs. +9.8% in fourth-quarter of 2023).Adobe and Mastercard data suggest growth exceeded the analyst’s +7.5% estimate on Black Friday, and Adobe in ...

OpenAI and Anduril on Wednesday announced a partnership allowing the defense tech company to deploy advanced artificial intelligence systems for "national security missions."It's part of a broader, and controversial, trend of AI companies not only walking back bans on military use of their products, but also entering into partnerships with defense industry giants and the U.S. Department of Defense.Last month, Anthropic, the Amazon-backed AI startup founded by ex-OpenAI research executives, and defense contr ...

New offering will make it easier for customers to run poolside in their existing AWS environment poolside software engineering foundation models are now available on Amazon Elastic Cloud Compute (EC2) and coming soon to Amazon Bedrock poolside leverages AWS Trainium chips to power inference for generative AI models LAS VEGAS, Dec. 4, 2024 /PRNewswire/ -- At AWS re:Invent, Amazon Web Services (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN) and poolside, the frontier artificial intelligence (AI) unicorn va ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

The unveiling of the Amazon (NASDAQ: AMZN) Nova line of foundation models has sparked a vote of confidence in the company by Wall Street analysts.Specifically, the product line under Amazon Web Services has prompted Susquehanna analyst Shyam Patil to reiterate a positive rating on AMZN stock, setting a price target of $230.In a note on December 4, the analyst noted that one of Nova’s most significant advantages is its cost-effectiveness compared to leading models on AWS’s Bedrock platform. Patil stated that ...

DENVER, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Poppulo (formerly Four Winds Interactive), a global leader in digital signage solutions, proudly announces a strategic partnership with Amazon to launch the Amazon Signage Stick, a made-for-purpose media player designed to deliver professional digital signage at an affordable price.   This partnership brings together Poppulo’s enterprise-grade software, recognized for its flexibility and scalability, with Amazon’s innovative, plug-and-play hardware. The Amazon Signa ...

CHICAGO, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Numerator, a data and tech company serving the market research space, has released verified shopper survey insights from over 9,600 respondents for the full 2024 Cyber Weekend (Thanksgiving through Cyber Monday; online and brick & mortar shopping). Overall, consumers gravitated toward shopping from the comfort of their own homes with 52% shopping mostly or exclusively online. Black Friday was the most popular shopping day over the long weekend, capturing three-quar ...

Washington, D.C.'s attorney general sued Amazon on Wednesday, accusing the company of covertly depriving residents in certain ZIP codes in the nation's capital from access to Prime's high-speed delivery.The lawsuit from AG Brian Schwalb alleges that, since 2022, Amazon has "secretly excluded" two "historically underserved" D.C. ZIP codes from its expedited delivery service while charging Prime members living there the full subscription price. Amazon's Prime membership program costs $139 a year and includes ...

KEY TAKEAWAYSAmazon is building an artificial intelligence (AI) supercomputer made of its in-house Trainium chips and also a new server that it said will be used by AI startup Anthropic.Amazon recently invested an added $4 billion in Anthropic.The new chips and servers are part of Amazon Web Services' push to make its homegrown Trainium a "viable alternative" to Nvidia's GPUs, according to The Wall Street Journal. Amazon (AMZN) is building an artificial intelligence (AI) supercomputer made of its in-house T ...

Amazon (AMZN 1.30%) is one of the most recognized brands on the planet. Between its online e-commerce platform and its heavy influence in the cloud computing landscape through Amazon Web Services (AWS), Amazon has evolved into a behemoth in the technology sector.However, one area where I personally feel Amazon lags is streaming. Sure, the company has invested heavily in its Prime Video service -- creating several original television series and movies boasting some of Hollywood's biggest stars. But even so, ...