Oracle began building up its cloud-computing business to compete with Amazon and Microsoft a decade ago. AI has supercharged its growth. ...

Zoox robotaxi at Resorts World Las VegasZooxZoox, Amazon’s robotaxi unit, has started offering rides to the public, at no charge for now, from multiple set locations in Las Vegas, hoping its custom-built electric vehicles that lack steering wheels, pedals and conventional controls will distinguish the autonomous ridehail service from Alphabet’s Waymo.Starting today, a few dozen Zoox vehicles will be picking up and dropping off passengers at five locations around Sin City, including Resorts World Las Vegas, ...

Amazon.com-owned Zoox on Wednesday began offering robotaxi rides to the public for free on and around the Las Vegas Strip as it waits for state approval to collect fares and compete with Alphabet's Wa... ...

In this articleAMZNFive years after its splashy $1.3 billion acquisition of Zoox, Amazon has officially entered the U.S. robotaxi race, which to date has been dominated by Alphabet's Waymo.Zoox's first public launch kicks off Wednesday on the Las Vegas strip. The company is offering free rides from a few select locations, with plans to expand more broadly across the city in the coming months. Riders will eventually have to pay, but Zoox said it's waiting on regulatory approval to take that step.Amazon is ju ...

Group 1 - The US economy is currently facing challenges, despite the S&P 500 reaching all-time highs, indicating a disconnect between market performance and economic health [1] - The focus is on building a thoughtful investment portfolio that balances growth potential with strong fundamentals, emphasizing high-quality businesses in the US and Europe [2] - Key characteristics of desirable investments include industry-leading profitability, low leverage, and growth potential, with an emphasis on long-term capital allocation strategies [2] Group 2 - The analyst holds long positions in several companies, including BRK.B, ASML, AMZN, NVO, and LVMH, indicating a belief in their long-term value [3] - The article expresses personal opinions and does not represent any business relationship with the mentioned companies, highlighting an independent analysis [3]

The race among the “Magnificent Seven” tech giants to construct large AI data centers is having an unforeseen effect on share buybacks, a recent Goldman Sachs report reveals.AI Data Center Push Slows S&P 500 Buybacks In 2025The Magnificent Seven — Nvidia NVDA, Microsoft MSFT, Apple AAPL, Alphabet GOOGL, Amazon AMZN, Meta FB, and Tesla TSLA also known as “hyperscalers,” have diverted significant funds towards building AI data centers, leading to a slowdown in share buybacks. Companies usually boost their buy ...

Amazon's AWS division builds critical infrastructure for the AI boom.The artificial intelligence (AI) revolution is well under way. According to most estimates, the AI market is expected to grow in value by 30% or more per year for the next decade. As with any boom, however, it can be difficult to tell which businesses will ultimately benefit. This Amazon division is an AI powerhouseFew laypeople think of Amazon (AMZN 1.04%) as an AI stock. Most don't view it as an infrastructure stock, either. But most of ...

Elon Musk’s reign as the world’s richest man may soon be challenged — and the contender is none other than Oracle co-founder Larry Ellison. The 81-year-old billionaire saw his fortune swell by a staggering $70 billion in just one day, after Oracle Corp. delivered an aggressive outlook for its cloud business that sent its shares skyrocketing.Ellison, who serves as chairman and chief technology officer of Oracle, has the bulk of his net worth tied up in the database software company. His net worth has now sur ...

Anthropic just closed on a $13 billion Series F funding round.It's been about a month since OpenAI unveiled its latest model, GPT-5. In that time, rival platforms have made bold moves of their own.Perplexity, for instance, drew headlines with a $34.5 billion unsolicited bid for Alphabet's Google Chrome, while Anthropic -- backed by both Alphabet and Amazon (AMZN 1.04%) -- closed a $13 billion Series F funding round that propelled its valuation to an eye-popping $183 billion.Since debuting its AI chatbot, Cl ...

Core Insights - Amazon has launched Lens Live, a new visual search feature aimed at enhancing product discovery in its shopping app [1][2] - The feature utilizes real-time image recognition to allow users to identify and purchase products more interactively [2][3] Product Features - Lens Live builds on the existing Amazon Lens, enabling users to visually search by taking photos or scanning barcodes, with immediate product matches displayed in a scrolling carousel [3][5] - The feature includes Rufus, Amazon's generative AI shopping assistant, which provides product summaries and suggested questions to aid in comparisons and research [4][5] Technology and Availability - The system operates on Amazon Web Services' SageMaker and OpenSearch platforms, utilizing on-device computer vision for low-latency results and precise product matches [5] - Lens Live is currently available to "tens of millions" of iOS app users in the U.S., with plans for broader availability in the near future [5] Market Context - Amazon's market share in U.S. consumer retail spending grew by 7.6% in the second quarter, reaching 8.8% [6] - The launch of Lens Live coincides with a trend among major retailers to integrate generative AI into shopping experiences to enhance product discovery and streamline the purchasing process [6][7]