Microsoft, Google and Amazon flood AI start-ups with cash, outspending venture capital December 27, 2023 Big tech companies spent twice as much on deals with Generative AI start-ups than venture capital groups in 2023, according to new data from Pitchbook.
Regulator: Working with big tech including Google, Microsoft, Amazon, Apple and Meta is top priority April 22, 2024 If the FCA deems technology companies' data useful for finance, it will "incentivise" sharing through Open Banking.
Amazon UK workers’ strike continues – and there’s no end in sight April 17, 2023 Amazon workers are taking part in fresh strikes at a warehouse in Coventry in an ongoing dispute with the tech giant – which doesn’t recognise the union – over pay. GMB members are downing tools for three days from 16 to 18 April as they call for hourly pay to rise to £15. The union has [...]
DS Smith: Amazon packaging giant silent on takeover bid as box volumes stay flat March 6, 2024 Packaging giant DS Smith has omitted mention of a potential takeover bid in a trading statement, instead noting that box volumes remained flat over the last three months. In a trading statement, the group said its focus remained on improving operating efficiency, resilient pricing and tight cost controls, as North America and Eastern Europe saw [...]
Tech giants Meta and Amazon drive tech rally; Apple suffers from China woes February 2, 2024 Meta surged 15% post-market on strong revenue, dividend, and a $50 billion buyback; Amazon rose 7% on solid earnings and AWS growth; however, Apple fell 3% on a China sales miss and revenue forecast drop.
Amazon Prime Video buys British film studio where The Lord of the Rings: The Rings of Power is made July 22, 2024 Amazon Prime Video is to acquire the British film studio where it makes The Lord of the Rings: The Rings of Power.
Microsoft, Google, Meta and Amazon hope to lift Wall Street spirits in this week’s results October 22, 2023 Big Tech earnings season is back, with a keen focus on cloud business, AI, and capex changes amid a challenging year on Wall Street.
Amazon forecasts bright third quarter on resilient cloud sales and shopping trends August 4, 2023 Amazon reported sales growth and profit that beat expectations as the company delivered goods faster and more cheaply to shoppers while recent cloud-computing headwinds began to subside. Amazon’s Wall Street shares surged nine per cent on the news, extending its stock market value more than $120 billion in after-hours trading. On the FTSE 100 index, [...]
Czech Sphinx plots £800m Royal Mail investment to topple Amazon in UK parcel war July 14, 2024 Kretinsky’s Royal Mail takeover has ignited a national security investigation with critics wary of a historic British institution falling into foreign hands.
Bezos chases Musk: Amazon to launch first satellites into space in global internet mission October 6, 2023 Amazon is set to launch its first satellites into space as part of a mission to bring fast internet connection to all corners of the globe. The multinational technology giant will launch two test satellites from a space station in Florida on Friday afternoon. It is part of mission, called Project Kuiper, to bring fast [...]