Big tech is on track to spend $1 trillion on AI this year
Tech giants are on pace to double AI spending this year.
Amazon
Amazon discussing $50 billion investment in OpenAI, report says
Amazon is in talks with OpenAI to potentially invest $50 billion into the artificial intelligence startup, according to The Wall Street Journal, potentially valuing the company as high as $830 billion.
Google cofounder Larry Page overtakes Bezos for world’s third richest
Google cofounder Larry Page overtook Amazon’s Jeff Bezos to become the world’s third-wealthiest person Wednesday, as Alphabet’s stock surged by nearly 6% in the wake of strong third quarter earnings and the release of Google’s Gemini 3 AI model.
How Mark Wahlberg became the king of streaming
As theatrical releases decline, the 54-year-old actor has become the most bankable star on Netflix, Amazon and Apple—earning $20 million or more a movie—in a major paradigm shift of Hollywood economics. Inside the new A-Minus List.
Amazon may lay off 30,000 employees amid mass automation plans, report
One of America’s largest employers is planning major layoffs, according to Reuters, an indication of major shifts coming to the labor market.
Amazon earmarks $4.4 billion for New Zealand data centre push
Amazon has been stepping up investments across the Asia Pacific, with plans to invest over $50 billion to scale up its digital infrastructure in Australia, Japan, Singapore, Malaysia and Thailand.
Amazon spending $20 billion to build AI-powered data centres in Australia
Amazon will invest $13 billion in the five years through 2029 to build data centers in Australia, the biggest ever investment by a global tech company in the country.
Inside Amazon’s race to rule the skies – and the Aussie leading the charge
David Carbon went from fixing washing machines in Melbourne to building Amazon’s global drone fleet. Now he’s eyeing Australian skies.
Venice will host Jeff Bezos’ wedding, city says—denying ‘fake news’ about event
The Italian city said speculations about the event are “completely unfounded.”
Here are the startups Jeff Bezos invested in last year
The billionaire Amazon founder put early money into Airbnb and Uber. Now he’s placing bets on these AI robotics companies.