Billions of dollars are being poured into a new wave of AI technology. But will it pay off?

Amazon Web Services surpassed analysts' growth projections. The market-leading cloud announced arrangements with Meta and OpenAI in the second quarter. Amazon's cloud segment grew faster than analysts had predicted in the second quarter,

Amazon shares surged nearly 14% on Friday after the tech giant's solid cloud sales growth reinforced investor confidence in its massive AI bets and quashed ​any concerns about the company trailing its Big Tech rivals in the AI race.

Amazon.com Inc.’s driverless-car business will be allowed to commercially deploy as many as 2,500 vehicles annually in the US over the next two years, clearing the way for more robotaxis in a market dominated by Alphabet Inc.

The company raised its capital spending forecast and said Amazon Web Services sales increased 37% in the second quarter.

Aggressive AI spending plans by Amazon.com Inc., Microsoft Corp. and Alphabet Inc. provided fresh evidence that demand for chips and related equipment will remain strong, offering relief to a sector that’s been battered in recent days.

Amazon said it received a major boost from its previous $13 billion worth of investment in Anthropic.

The Douglas DC-3 was mass-produced during World War II. Today, one of the few still remaining transports passengers in Colombia’s jungle.

AWS sales expanded 37% year over year, which trounced analysts' expectations for 31% growth.