Amazon has backed a new AI service that is being called the "Netflix of AI", and it's another depressing development in the use of generative AI in the entertainment industry.

Shares of tech giants Meta and Microsoft were soaring Thursday, with the two companies adding a combined $400 billion to their market values ...

With headcount inching up to 1.55 million, CEO Andy Jassy said "AI progress across the board continues to improve our customer experiences, speed of innovation, operational efficiency, and business ...

Microsoft Corp forecast a record US$30bil in capital spending for its current financial first quarter, after booming sales in its Azure cloud computing business showcased the growing returns on its ...

Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories.

Amazon.com forecast current-quarter revenue above market estimates on Thursday, encouraged by solid retail business despite ...

Microsoft Corp. said it will spend more than $30 billion in the current quarter to build out the data centers powering its ...

Amazon reported a 35 percent jump in quarterly profits Thursday as the e-commerce giant said major investments in artificial intelligence began paying off. - 'Curveballs' - Amazon Web Services (AWS), ...

An increase in Amazon Web Services spending cut into the cloud giant’s profits in the second quarter as AWS raced to meet ...

Amazon.com, Inc.'s Q2 impresses but shares dip on cautious Q3 outlook. Click for my updated look at AMZN stock and why I ...

Amazon.com on Thursday forecast third-quarter sales above market estimates, but failed to live up to lofty expectations for its Amazon Web Services cloud computing unit after rivals handily beat Wall ...

AMAZON.COM on Thursday forecast third-quarter sales above market estimates, but failed to live up to lofty expectations for its Amazon Web Services cloud computing unit after rivals handily beat ...