Jeff Bezos
Bezos snubbed Musk’s SpaceX for huge satellite launch contract, Amazon shareholder says
Elon Musk, founder of SpaceX, left, and Amazon and Blue Origin founder Jeff Bezos. Getty Images An Amazon shareholder lawsuit says the company snubbed SpaceX for valuable satellite launch contracts because of Jeff Bezos’ personal rivalry with Elon Musk, who has taunted his fellow billionaire’s space ambitions for years. Cleveland Bakers and Teamsters Pension Fund, […]
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How Amazon is racing to catch Microsoft and Google in generative A.I. with personalized AWS chips
In an unmarked business office constructing in Austin, Texas, two compact rooms consist of a handful of Amazon staff members designing two sorts of microchips for instruction and accelerating generative AI. These tailor made chips, Inferentia and Trainium, give AWS consumers an alternative to instruction their huge language styles on Nvidia GPUs, which have been […]
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Amazon axes some non-public label manufacturers as part of broader value cuts
Amazon workers type deals for shipping in New York, July 12, 2022. Michael M. Santiago | Getty Visuals Information | Getty Visuals Amazon is chopping some of its personal label makes as component of a broader effort and hard work to rein in costs, the corporation verified to CNBC. In addition to the myriad of […]
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Amazon Key Air loses two key operations leaders, as drone shipping and delivery struggles continue on
An Amazon supply drone is on screen at Amazon’s BOS27 Robotics Innovation Hub in Westborough, Massachusetts on November 10, 2022. Joseph Prezioso | AFP | Getty Visuals Amazon has dropped two executives important to the firm’s drone shipping and delivery operations, the most up-to-date setback for an aspirational software that is needed significant expenditure but […]
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Amazon CEO Jassy’s expense cuts produce traders largest gain beat considering the fact that 2020
Amazon founder Jeff Bezos famously shunned Wall Street’s earnings obsession, claiming the purchaser was generally much more important. Whilst his successor, Andy Jassy, also talks lots about serving buyers, he’s been pressured by buyers to get serious about profitability. And his endeavours are shelling out off. Amazon delighted traders on Thursday, putting up earnings of […]
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Space Force raises the stakes as rocket companies compete for lucrative military missions
A Falcon Heavy rocket launches the USSF-67 mission on January 15, 2023 from NASA’s Kennedy Space Center in Florida. SpaceX The U.S. military is raising the stakes — and widening the field — on a high-profile competition for Space Force mission contracts. The Space Force plans to buy even more rocket launches from companies in […]
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Amazon to construct $120 million facility in Florida to prep Kuiper net satellites for start
An artist’s rendering of the Job Kuiper satellite processing facility in Florida. Amazon Amazon will commit $120 million to develop a satellite processing facility at NASA’s Kennedy Room Center in Florida, as the business prepares to launch the 1st satellites for its Task Kuiper world-wide-web community, the tech large announced Friday. The facility will be […]
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Jeff Bezos’ Blue Origin rocket engine explodes during testing
A test of a BE-4 engine at the company’s Launch Site One facility in West Texas on Aug. 2, 2019. Blue Origin A Blue Origin rocket engine exploded during testing last month, CNBC has learned, a destructive setback with potential ramifications for the company’s customers as well as its own rocket. During a firing on […]
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AWS is investing $100 million in generative A.I. center in race to retain up with Microsoft and Google
Amazon’s cloud device reported Thursday that it really is allocating $100 million for a center to support companies use generative synthetic intelligence, the know-how which is taken off in the months since OpenAI unleashed its ChatGPT chatbot on the public. It can be a smaller investment for a corporation with $64 billion in money and […]
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Amazon faces Senate probe in excess of warehouse basic safety
Peter Endig | AFP | Getty Photos Amazon’s warehouse working problems, which have come less than increased scrutiny in modern years, are now at the heart of a congressional probe that is staying led by Sen. Bernie Sanders of Vermont. In a letter to Amazon CEO Andy Jassy, Sanders, who chairs the Senate’s Overall health, […]
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