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Amazon is to maintain its position as a minority investor in AI startup Anthropic

Amazon invests another $4 billion in AI startup Anthropic

Artificial intelligence startup Anthropic said today it has raised an additional $4 billion investment from longtime backer Amazon.com.

Business • 22 Nov 24

Amazon has reported a 7% improvement in retail sales in the quarter ended September 30 to $61.41 billion

Amazon's improving retail sales boost Q3 profit

Amazon.com has posted third-quarter profit and sales above Wall Street estimates, helped by favourable retail sales, sending its shares up 5.7% after the closing bell.

Business • 01 Nov 24

Amazon.com's CEO Andy Jassy said the change is necessary to 'invent, collaborate and be connected'

Amazon mandates five days a week in office from next year

Amazon.com will require employees to return to working at company offices five days per week beginning next year, toughening a prior three-day mandate.

Business • 17 Sep 24

Amazon said its first-quarter sales increased 13% to $143.3 billion, higher than the $142.5 billion average forecast

Amazon's quarterly results beat Wall Street estimates

Amazon.com reported quarterly results above Wall Street's expectations last night, as interest in artificial intelligence helped drive cloud-computing growth.

Business • 01 May 24

The top AI firms have pledged to thoroughly test systems before releasing them and share information about how to reduce risks and invest in cybersecurity

AI firms pledge to watermark AI content for safety

Top AI companies including OpenAI, Alphabet and Meta Platforms have made voluntary commitments to the White House to implement measures such as watermarking AI-generated content to help make the technology safer, the Biden administration said.

Business • 21 Jul 23

Games Workshop makes tabletop fantasy and futuristic battle games including "Warhammer 40,000", set in the 41st millennium

Amazon to bring game 'Warhammer 40,000' to screens

Amazon.com will bring popular fantasy game "Warhammer 40,000" to film and television screens, after the tech giant's content unit reached an agreement with Games Workshop Group, the British game developer said today.

Business • 16 Dec 22

Amazon officially opened its new processing centre in Dublin this month

Amazon predicts sales growth slowdown for final quarter

Amazon.com has forecast a slowdown in sales growth for the Christmas season, disappointing Wall Street and warning that inflation-wary consumers and businesses had less money to spend.

Business • 28 Oct 22

Amazon said the investment would help its electric van fleet in Europe more than triple from 3,000 vehicles to more than 10,000 by 2025

Amazon.com to invest €1 billion in European EV fleet

Amazon.com said today it will invest more than €1 billion over the next five years in electric vans, trucks and low-emission package hubs across Europe, accelerating its drive to achieve net-zero carbon.

Business • 10 Oct 22

Amazon.com said the closure of Kindle's China business was not due to government pressure or censorship

Amazon to pull Kindle out of China

Amazon.com said it will stop supplying retailers in China with its Kindle e-readers from today and will shut its Kindle e-bookstore there next year, in the latest pullback by a US tech firm from the restrictive Chinese market.

Business • 02 Jun 22

Amazon shares fell 9% in after-hours trade on Wall Street last night.

Amazon results fall short as warehouse, fuel costs up

Amazon.com delivered a disappointing quarter and outlook last night as the e-commerce giant was swamped by higher costs to run its warehouses and deliver packages to customers.

Business • 29 Apr 22

Amazon.com is one of the biggest winners of the Covid pandemic and it posted record profits last night

Amazon expects spring windfall as US economy reopens

Amazon.com, one of the biggest winners of the pandemic, posted record profits last night and signalled that consumers would keep spending in a growing US economy and converts to online shopping are not likely to leave.

Business • 30 Apr 21

Amazon said more than 71,000 small and medium-sized businesses worldwide had surpassed $100,000 in sales

Amazon says sellers saw more than $4.8 billion in sales

Amazon.com said today that independent businesses selling on its platform crossed $4.8 billion in worldwide sales from Black Friday to Cyber Monday, an increase of more than 60% from a year earlier.

Business • 01 Dec 20

Google, Apple, Amazon.com and Facebook have a combined market value of over $5 trillion

US lawmakers detail Big Tech's market abuses

A US House of Representatives panel looking into abuses of market power by four big technology companies found they used "killer acquisitions" to strike rivals, charged exorbitant fees and forced small businesses into "oppressive" contracts in the name of profit.

Business • 07 Oct 20

The order from Amazon is the largest for Mercedes-Benz's electric vehicles to date and includes 800 vans for Germany and 500 for the UK

Amazon orders 1,800 Mercedes-Benz electric vans

Amazon.com has ordered 1,800 electric vans from Mercedes-Benz for its European delivery fleet, as part of the online retailer's plans to run a carbon neutral business by 2040.

Business • 28 Aug 20

Workers in a factory in Leicester making clothes for Boohoo were being paid as little as £3.50 an hour, the Sunday Times has reported

Boohoo launches independent review of UK supply chain

Boohoo has commissioned an independent review of its supply chain in Britain after a damaging media report about dire factory working conditions put the brakes on the online fast fashion retailer's meteoric rise.

Business • 08 Jul 20

Amazon CEO Jeff Bezos is the world's richest person whose worth has been estimated at more than $110 billion

Amazon shares surge on strong earnings update

Amazon shares shot higher on Wall Street last night after the internet colossus released quarterly earnings figures for the fourth quarter that trounced market expectations.

Business • 31 Jan 20

Amazon is facing fierce competition and rising costs from its plan to speed up delivery times globally

Amazon's gloomy forecast misses estimates

Amazon.com last night forecast revenue and profit for the Christmas quarter below expectations, as it faces fierce competition and rising costs from its plan to speed up delivery times globally.

Business • 25 Oct 19

Jeff Bezos said he will commit $2 billion to helping homeless families and starting pre-schools for low-income communities

Bezos commits $2 billion to help homeless, schools

Jeff Bezos, Amazon.com's founder and the world's richest person, has said he will commit $2 billion to helping homeless families and starting pre-schools for low-income communities.

Business • 14 Sep 18

Amazon quarterly profit jumps 12-fold to $2.5 billion

Amazon last night said its profits in the second quarter jumped 12-fold to $2.5 billion as the online giant saw gains across its range of businesses.

Business • 27 Jul 18

Amazon.com has secured UK and Ireland rights to broadcast the US Open Tennis Championship

Amazon secures US Open tennis rights in UK & Ireland

Amazon.com today confirmed it has secured UK and Ireland rights to broadcast the US Open Tennis Championship.

Business • 19 Apr 18

US cities line up for the 50,000 jobs that will come with 'Amazon HQ2'

Amazon offered billions in tax breaks for second US HQ

US cities are offering Amazon.com at least as much as $7 billion in tax breaks ahead of a deadline today as they compete to house its second headquarters.

Business • 19 Oct 17

Amazon.com already employs over 1,400 people in Dublin

Amazon said to be looking for more Dublin office space

Amazon.com is searching for office space in Dublin that could hold as many as 800 people, according to two people with knowledge of the matter.

Business • 29 Sep 17

Amazon did not say what caused the malfunction or how many accounts were affected

Amazon sends accidental gift email due to glitch

A technical glitch caused Amazon.com to email some of its customers erroneously that they had received a gift, the company has said.

Business • 20 Sep 17

Amazon and Whole Foods expect to close the deal during the second half of 2017

Amazon to buy upmarket Whole Foods for $13.7 billion

Amazon.com said today it would buy US organic supermarket chain Whole Foods Market for $13.7 billion, including debt.

Business • 16 Jun 17

Pay with Amazon lets shoppers use their Amazon accounts instead of filling in credit card information to make online purchases

Amazon's payments unit doubles money processed

Amazon.com said its payments business processed nearly twice as much money in 2016 than it did the previous year.

Business • 07 Feb 17