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Amazon shares gain over 6% on solid Q3 results, revenue forecast up 11% to $188.5 billion

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Amazon shares gain over 6% on solid Q3 results, revenue forecast up 11% to $188.5 billion

E-commerce giant Amazon Inc. shares gained over 6 per cent on Friday, November 1, after the company posted stronger-than-expected earnings in its third-quarter results. Amazon.com Inc. shares rose 6.30 per cent to $198.12 per share as of 1:50 p.m. (EDT) on Friday, compared to $186.40 at its previous close on Thursday.  The company’s revenues rose … Read more

What could kill the $1trn artificial-intelligence boom?

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What could kill the $1trn artificial-intelligence boom?

Mr Pichai is not alone. New Street Research, a firm of analysts, estimates that Alphabet, Amazon, Meta and Microsoft will together splurge $104bn on building AI data centres this year. Add in spending by smaller tech firms and other industries and the total AI data-centre binge between 2023 and 2027 could reach $1.4trn. The scale … Read more