Amazon CEO Andy Jassy showed investors his cost-cutting efforts are starting to bear fruit. The company posted its biggest earnings beat since the fourth quarter of 2020. Jassy has been aggressively slashing expenses through layoffs and eliminating unproven bets. Andy
Amazon, one of the largest employers in the U.S., is scaling back more than it had anticipated. Andy Jassy, Amazon’s CEO, said an employee leaked the plans, prompting him to make a public announcement. “Amazon has weathered uncertain and difficult
Artificial intelligence in space can revolutionize Earth-observation. D-Orbit’s ION satellite runs a machine-learning experiment for analyzing Earth-observation data. (Image credit: D-Orbit) For the past 10 months, Amazon has been testing a machine learning software in space that can analyze Earth observation
Last stand in the Amazon Can science help Indigenous peoples protect themselves and the world’s largest rainforest? Drug runners, gold miners and loggers are rapidly invading the remote Peruvian Amazon, home to isolated people and a wealth of biodiversity. Nature met the
Amazon has a plan to deliver internet from space using 3,236 small satellites in low Earth orbit. It’s called Project Kuiper. In April, the company signed a multibillion-dollar contract — the largest rocket deal in the history of the commercial space
WASHINGTON, April 20 (Reuters) – Amazon’s satellite venture, SpaceX’s Starlink network and other satellite firms on Wednesday won a combined $278.5 million in contracts from NASA to demonstrate communications in space as the U.S. space agency moves to replace its
Amazon shares rallied in extended trading Thursday after the company posted a big earnings beat for the fourth quarter, helped by a gain on its investment in electric vehicle company Rivian. The company also disclosed revenue from its fast growing
Amazon was fined 1.13 billion euros ($1.28 billion) on Thursday by Italian antitrust regulators for abusing its market dominance. The Autorità Garante della Concorrenza e del Mercato, or AGCM, said that Amazon had harmed competing operators in the e-commerce logistics service. It concluded
Amazon’s cloud computing unit on Tuesday was hit with an outage that took down some websites and services. A notice on AWS’ status page confirmed it was experiencing issues in the “US-East-1 Region.” The outage brought down popular services like
(CNN Business)Amazon (AMZN) is facing strikes by warehouse workers and delivery drivers across Europe as its busiest weekend of the year begins. Labor unions in Germany, Italy and France are calling for the company to pay its workers fairly and respect their