Big Tech Ramps Up AI Spending Despite Cost Reduction Trends
Despite speculation that AI development costs might decline, major technology companies continue to pour billions into artificial intelligence (AI) investments. ...
Tag: Amazon
Jeff Bezos Overtakes Elon Musk as World’s Richest Person
In a recent development, Amazon's founder and billionaire, Jeff Bezos, has reclaimed the title of the world's richest person, surpassing ...
Jeff Bezos Sells Over $2 Billion Worth of Amazon Shares in Strategic Divestment Move
In a strategic move, Jeff Bezos, the renowned founder of Amazon.com Inc., has undertaken a significant divestment by selling 12 ...
Alibaba Loses $20 Billion in Market Cap as Cloud Spinoff Plan Is Shelved
Chinese e-commerce juggernaut Alibaba faced a substantial setback as it witnessed a staggering $20 billion erosion in market capitalization following ...
Spain Fines Amazon and Apple $218 Million for Collusion in Product Sales.
The Spanish competition watchdog has levied fines totaling $218 million against US tech giants Amazon and Apple for colluding in ...
Amazon Ring to Pay $5.8 Million Settlement over Privacy Violations, FTC Confirms.
Ring has stated that the employees involved in these breaches are no longer employed by the company, according to a ...
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