"We think they’ll be one of the big winners in AI, we can help them grow, and we believe we’ll earn a strong return for Amazon over the long term," said Amazon CEO Andy Jassy.

The deal strengthens AWS's AI offerings and may help fend off challenges from cloud rivals Microsoft and Google.

Amazon's $50 billion OpenAI investment made big headlines, but the SEC filings tell a more complicated story.

Amazon Web Services surpassed Wall Street expectations on revenue and operating income. AWS' operating margin widened slightly to 35% in the fourth quarter from 34.6% in the prior period. Amazon plans ...

A Chrome browser extension advertised as a way to hide sponsored ads on Amazon has been caught quietly hijacking affiliate links in the background, redirecting commissions to its developer without ...

A proposal for a huge Amazon retail store and a flagship Ashley Furniture store has been submitted to Oak Brook for development in the western portion of the village. The project consists of a 22-acre ...

Alexa+, Amazon’s upgraded, generative AI-powered version of its Alexa assistant, is available to all U.S. customers as of Wednesday. The company said that the AI feature will be free to Prime members ...

Amazon is going big in physical retail. This new Illinois store blends groceries, essentials, and a built-in fulfillment center for faster pickup and fewer crowded aisles. Your Prime perks could go in ...

The recent closings of two Amazon Fresh grocery stores on Long Island affected more than 300 employees’ jobs, according to letters sent to local officials. Amazon.com Inc. announced last week it was ...

STMicroelectronics, the French-Italian semiconductor manufacturer, on Monday announced a multiyear, multibillion-dollar contract with Amazon Web Services to supply advanced chips used in AWS compute ...

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The rapid expansion of artificial intelligence is driving unprecedented demand for computing power, electricity and cooling, pushing cloud providers to the limits of traditional, land-based data ...