Tagged: amazon

November 4, 2026 @ 10:23 am By Omar Faridi  |  

A joint venture between cryptocurrency exchange OKX and Intercontinental Exchange, parent of the New York Stock Exchange, continues to face widespread resistance from major U.S. companies over plans to offer blockchain-based trading in versions of their shares. Amazon, Tesla and SpaceX have added their names… Read More

November 1, 2026 @ 9:37 pm By Omar Faridi  |  

The technology sector wrapped up a punishing week in late October 2026, with weaker-than-expected earnings reports and growing unease over the scale of artificial intelligence investment triggering a broad market retreat. The Nasdaq Composite fell 2.9 percent on Friday, October 30, marking one of its… Read More

November 1, 2026 @ 3:33 pm By Omar Faridi  |  

As 2026 nears its end and attention turns to 2027, global financial markets are navigating pronounced turbulence. US stocks, with technology shares at the forefront, have shed more than $1 trillion in value amid mounting uncertainty over artificial intelligence investments, alongside geopolitical tensions and socioeconomic… Read More

October 21, 2026 @ 12:41 am By Omar Faridi  |  

Amazon (NASDAQ: AMZN) is mounting a direct challenge to Nvidia’s (NASDAQ: NVDA) longstanding software dominance in artificial intelligence by preparing to open-source a new development tool called TorchNeuron. Set for public beta release on Tuesday, October 20, in conjunction with the PyTorch Conference North America,… Read More

September 27, 2026 @ 11:27 am By Omar Faridi  |  

Across the technology industry, the first wave of large-scale AI adoption has produced a striking correction. After years of contraction and high-profile workforce reductions justified in part by automation, companies are now pulling former employees back—especially people with institutional knowledge and machine learning experience. The… Read More

September 22, 2026 @ 2:50 pm By Omar Faridi  |  

Amazon (NASDAQ: AMZN) has shut down Meta’s (NASDAQ: META) recently launched Muse personal AI agent from completing purchases on Amazon.com, drawing a sharp line in the emerging contest over who controls agentic shopping. The restriction took effect Sunday night, September 20, 2026. Users who asked… Read More

September 13, 2026 @ 5:35 pm By Tony Zerucha  |  

Chime hits its Stride in $590M deal Chime has entered into a definitive agreement to acquire Stride Bank, N.A. for $590 million in cash. Stride is a nationally chartered bank that has been Chime’s bank partner for more than seven years. Upon closing, Stride will… Read More

September 8, 2026 @ 3:37 pm By Omar Faridi  |  

Saudi Arabia based payments group PayTabs has struck an agreement to take over Amazon Payment Services’ operations across the MENA region, in a transaction both sides have already approved and valued at more than $100 million. The move would fold Amazon’s regiplatform onal merchant-acquiring and processing… Read More

July 21, 2026 @ 12:16 pm By Omar Faridi  |  

BNPL provider Affirm (NASDAQ: AFRM) has deepened its collaboration with Amazon to introduce installment payment options directly on the Amazon Business platform. This move allows eligible business owners to spread the cost of qualifying purchases over time, enhancing cash flow management and purchasing capacity without… Read More

July 11, 2026 @ 10:25 am By Omar Faridi  |  

The UK government has designated four global technology companies—Amazon, Google, Microsoft, and Oracle—as critical third-party providers. This decision brings their cloud services under direct oversight by financial regulators, effective from July 13, 2026. The initiative addresses growing concerns over the financial industry’s heavy dependence on… Read More

July 2, 2026 @ 12:35 pm By Omar Faridi  |  

Nubank (NYSE: NU) and Amazon Brazil have taken their collaboration to the next level by rolling out a complete checkout experience powered by NuPay. The update coincides with Amazon Prime Day, running from July 1 to 7, 2026, and gives eligible customers a wider range… Read More

April 20, 2026 @ 5:05 pm By JD Alois  |  

Amazon (NASDAQ:AMZN) announced a $5 billion investment in AI firm Anthropic and committed to another $20 billion in future investments. Amazon previously invested $8 billion in Anthropic. Anthropic and Amazon are deeply intertwined, as Anthropic’s Claude Platform is available on AWS and has now committed… Read More

January 9, 2026 @ 4:42 pm By Omar Faridi  |  

As we enter into 2026, many US consumers are eyeing potential financial inflows amid economic uncertainties. While rumors swirl about fresh stimulus checks, official sources clarify that no new federal economic impact payments are slated for January. The last round of such aid wrapped up… Read More

December 31, 2025 @ 10:11 am By Omar Faridi  |  

As 2025 now finally concludes with unprecedented revenue for the AI-focused semiconductor sector, industry analysts anticipate even stronger performance in 2026, fueled by a relentless appetite for processors essential to artificial intelligence advancements. Major chipmakers collectively surpassed $400 billion in sales this year—the highest on… Read More

November 7, 2025 @ 5:54 pm By Tony Zerucha  |  

OpenAI and Amazon’s $38 billion deal had Web3 tongues wagging, but other topics also caught their attention. Read on to find out which ones. Bitcoin good “October is over, and what a disappointment it was for crypto investors expecting the customary rally. Bitcoin closed October… Read More

October 20, 2025 @ 9:00 am By JD Alois  |  

AWS, the incredibly successful infrastructure venture by Amazon (NASDAQ:AMZN) experienced an outage earlier today that impacted thousands of website. AWS confirmed the outage explaining there was an issue with a Domain Name System (DNS) failure that mainly impacted the US East – 1 region. While… Read More

September 7, 2025 @ 8:34 pm By Omar Faridi  |  

Amazon (NASDAQ:AMZN) has finalized its acquisition of Bengaluru-based digital lending startup Axio, formerly known as Capital Float. As reported by local sources, the deal, completed eight months after the signing of a definitive agreement in December 2024, marks one of Amazon’s largest buyouts in India,… Read More

August 12, 2025 @ 8:03 am By JD Alois  |  

The UK government is claiming that Amazon is in breach of its “no delay in payments” rule, harming its UK-based vendors. In the UK, it is recognized that delayed payments to vendors can impact a company’s performance, especially for smaller firms. The Groceries Code Adjudicator… Read More

June 17, 2025 @ 7:14 am By Tony Zerucha  |  

Quantum technology is in an interesting period. It’s being discussed more often, but outside of some tech circles, it’s not well understood. What is quantum technology, where is it right now, and where is it headed? Is its future dominance of society guaranteed? Anders Indset… Read More

May 31, 2025 @ 3:15 pm By Omar Faridi  |  

The artificial intelligence (AI) evolution is reshaping industries, and the world’s top three cloud providers—Amazon, Microsoft, and Alphabet—are at the forefront of this transformation. As AI workloads surge, these cloud providers are investing to capture market share and monetize the demand for computing power. According… Read More