From its start as an online bookstore to its rise in e-commerce and cloud computing, Amazon (AMZN) has become one of the world’s most iconic brands. In 2023, the tech juggernaut generated over $575 billion in revenue, boasting more than 200 million Amazon Prime members worldwide. Beyond the Ticker takes a deep dive into some …
Over billions of years, the surface of the Moon has been bombarded by solar wind, carrying high-energy particles that include a highly coveted resource, helium-3. Although the element is scarce on Earth, it has recently become in demand by several industries, including those working on quantum computing and nuclear fusion reactors. Does Amazon stock have …
Amazon founder Jeff Bezos invested in Google challenger Perplexity and it’s quickly jumped in value. Paul Ellis – Pool/Getty Images Given the long list of companies that have tried and failed, challenging Google seems to be a losing proposition. Yet Amazon founder Jeff Bezos recently placed a bet on Perplexity AI, a startup that, despite …
There’s little question that artificial intelligence (AI) has been on a hot streak over the past year or so, and that trend shows little signs of slowing. It isn’t just average investors that are bullish on these developments. Billionaires, venture capital firms, and some of the world’s biggest tech companies have AI fever — and …
Jeff Bezos. ERIC BARADAT/AFP via Getty Images Jeff Bezos, Nvidia Corp. and other big technology names are investing in a business that’s developing human-like robots, according to people with knowledge of the situation, part of a scramble to find new applications for artificial intelligence. The startup Figure AI Inc. — also backed by OpenAI and …
Jeff Bezos, the founder of Amazon, on February 14 sold 24 million shares of the company, generating a substantial sum of over $4 billion. This marks the first instance of Bezos selling Amazon shares since 2021, according to Bloomberg. The move follows his announcement of intending to sell up to 50 million shares over the …
Late last night, in one of my typical TikTok fugue states in which my eyes and ears are bombarded by Doja Cat songs and Twitch clips and Real Housewives fancams until my crippling anxiety evaporates, I stumbled upon something curious. It looked innocent enough—just some concert footage from DJ Fred Again’s November 2023 show at …
Amazon founder Jeff Bezos is betting on Perplexity, an AI search startup challenging Google. MARK RALSTON/AFP via Getty Images A resurfaced video making the rounds on X shows a pre-famous Jeff Bezos explaining in 1997 why he founded Amazon—namely, a “startling statistic” he came across that web usage was growing at 2,300% a year. Riding …
“We’ve done extensive testing here in our lab and have a high degree of confidence in our satellite design, but there’s no substitute for on-orbit testing,” Project Kuiper vice president of technology Rajeev Badyal said in a statement before the launch. United Launch Alliance Atlas V rocket carrying the first two demonstration satellites for Amazon’s …
Amazon bought three rocket launches from SpaceX for its Project Kuiper internet satellites, the tech giant announced on Friday. The move is a surprise from Amazon, given the company’s Kuiper system aims to compete with Elon Musk’s Starlink in the satellite broadband market. SpaceX, the most active rocket operator in the world, has been adamant …