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KKR launches $10 billion AI infrastructure company with Nvidia, VistraThe Kuwait Investment Authority, AI chip giant Nvidia and utility firm Vistra are anchor investors in the company, called Helix Digital I...- Gig workers' incentives cool; YC attendees resell AI creditsHappy Tuesday! Despite a shortage of delivery workers, payouts for gig riders have increased only slightly this summer. This and more in to...
- Tata Electronics' $30 billion fab bet; Ather's Q4 revenue surgeTata Electronics CEO Randhir Thakur lays out the group’s big swing in fabs, advanced packaging and more in an interaction with ET. This and...
- Inside Big Tech’s March quarter earnings: Here’s all you need to knowBig Tech giants Alphabet, Microsoft, and Amazon reported strong earnings, driven by significant growth in cloud and AI services. While Meta...
- Remember Twitter's CEO fired by Elon Musk? Parag Agrawal just built a $2 billion empire from scratchFormer Twitter CEO Parag Agrawal's new company, Parallel Web Systems, has secured $100 million in funding. This investment values the start...
- Amazon CEO on Now growth; Big Tech dials up AI spendIn India’s hypercompetitive quick commerce space, Amazon CEO Andy Jassy said Now is growing fast. This and more in today’s ETtech Top 5.
- Amazon stock price, earnings, profits and net sales rise after strong first-quarter cloud growthAmazon stock price, earnings, profits and net sales increased after the company reported higher first-quarter profit and revenue driven by ...
- OpenAI breaks off Microsoft exclusivity, Amazon CEO says OpenAI models coming to AWS soonMicrosoft's exclusive hold on OpenAI's artificial intelligence models is over. This change allows OpenAI to offer its technology to competi...
- Broadcom hits $2 trillion valuation: How AI chip surge, Google and Meta deals, and ETF buzz is driving AVGO rallyBroadcom (AVGO) market capitalization surged past $2 trillion, fueled by soaring demand for custom AI chips and cloud networking infrastruc...
- U.S. stocks tick higher, led by UnitedHealth Group, as oil prices remain relatively stableU.S. stocks held firm Tuesday as UnitedHealth Group and other major companies reported profits exceeding analyst expectations, boosting mar...
- IT stocks slide up to 3% after TCS Q4 earnings. What's spooking investors?IT stocks fell up to 3% after TCS reported Q4 results that failed to impress the Street, dragging the Nifty IT index over 2%. Despite broad...
- Amazon CEO reveals AI revenue, dismisses spending doubts in annual letterAmazon's cloud division has reached a remarkable milestone, raking in more than $15 billion each year from its AI offerings. This impressiv...
- UK sanctions Cambodia-based scam centre and crypto platformBritain has imposed sanctions on operators of a massive fraud compound in Cambodia and an online crypto marketplace. These entities are acc...
- Nvidia to sell 1 million chips to Amazon by end of 2027 in cloud dealNvidia and Amazon Web Services said this week that AWS had reached a deal to buy its 1 million GPUs but had not disclosed the precise tim...
- Amazon CEO sees AI doubling prior AWS sales projections to $600 billion by 2036Amazon held one of its regular all hands meetings on Tuesday to provide employees updates on businesses ranging from drone deliveries to ad...
- Amazon's AWS cloud computing unit cuts at least hundreds of jobsAn Amazon spokesperson confirmed it had cut jobs but did not provide a number. Amazon, which employed 1.6 million full- and part-time worke...
- Warren Buffet, known for not traditionally investing in tech, now has major investments in AI; he's betting billions on this specific AI stock, should other investors Buy?Warren Buffett has shifted his investment strategy towards technology companies. He has invested billions of dollars in Amazon, which is be...
- Amazon Web Services lays off hundreds of tech, sales staff: reportAmazon Web Services has laid off a few hundred employees in its unit that works on technology for physical retail stores, and several hundr...
- Amazon's Cloud arm AWS hits annualised sales run rate of over $85 bnE-commerce behemoth Amazon has reported $21.4 billion in net sales for its Cloud arm Amazon Web Services (AWS) -- up 20 per cent year-over-...
- Amazon sees pandemic boosting holiday sales and investment in deliverySince the start of the virus outbreak in the United States eight months ago, consumers have turned increasingly to Amazon for delivery of g...
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