Welcome to our dedicated page for Amazon.Com news (Ticker: AMZN), a resource for investors and traders seeking the latest updates and insights on Amazon.Com stock.
Amazon.com, Inc. (NASDAQ: AMZN) is a leading multinational technology company based in the United States, renowned for its expansive e-commerce platform, robust cloud computing services, advanced artificial intelligence capabilities, digital streaming services, and online advertising. Founded in 1994 by Jeff Bezos, Amazon has grown into the world’s largest online retailer and marketplace for third-party sellers, with retail-related revenue contributing approximately 75% of its total income. International sales, particularly from Germany, the United Kingdom, and Japan, make up 25% to 30% of non-AWS sales.
Amazon Web Services (AWS), a pivotal segment contributing around 15% to its revenue, provides cloud computing, storage, and database solutions, and is integral to numerous enterprise operations worldwide. AWS has recently announced several innovative capabilities, including the addition of new models and features to Amazon Bedrock, enhancing generative AI applications. Amazon also extends its focus on artificial intelligence with the launch of Amazon Q Developer and Business, aimed at improving coding accuracy and leveraging enterprise data, respectively.
In e-commerce, Amazon continuously innovates to improve customer experience, such as its recently introduced grocery delivery subscription for Prime members, which offers unlimited grocery deliveries from Amazon Fresh, Whole Foods Market, and other local stores. The company also recently announced a significant partnership extension with Whole Foods Market, ensuring a continued supply chain relationship through 2032. Additionally, Amazon has expanded its entertainment footprint, offering a broad range of original content through Amazon Studios and streaming exclusive sports events on Prime Video.
The company’s commitment to operational excellence is reflected in its latest financial results for Q1 2024, with net sales increasing by 13% year-over-year to $143.3 billion and operating income reaching $15.3 billion, significantly up from $4.8 billion in the previous year. Amazon’s strategic investments in infrastructure, such as new AWS regions and data centers, further underscore its dedication to growth and innovation. Guided by principles like customer obsession and long-term thinking, Amazon continuously seeks to enhance its diverse portfolio of products and services to meet evolving customer needs globally.
Amazon (AMZN) has announced the expansion of its Buy with Prime service to include Belkin.com, a major consumer electronics accessories manufacturer. Through this integration, U.S. Prime members can now shop directly on Belkin.com while enjoying Prime benefits including fast, free delivery, easy returns, and 24/7 support.
The service, which launched in 2022, has shown significant success with merchants reporting an average 16% increase in revenue per shopper. Additionally, 50% of Prime members are more likely to make repeat purchases from DTC sites offering Prime benefits, and 95% of Buy with Prime users indicate they're likely to use the service again.
Belkin is offering hundreds of Prime-eligible items, including screen protectors, docks, and headphones, with Amazon handling order delivery and post-purchase management.
Healthcare executives are increasingly adopting generative AI, with 90% reporting positive ROI from their investments. The Global AI in Healthcare Market is projected to reach $164.16 billion by 2030, growing at a 49.1% CAGR. In a significant development, Avant Technologies has partnered with Roche and Salud 360 to launch a pilot program in Costa Rica targeting diabetic retinopathy using AI technology. The program utilizes non-mydriatic fundus cameras and AI to analyze retinal images for early detection of the condition. Initially implemented in Costa Rica, where diabetes affects 10.4% of adults, the program aims to expand to the US, Canada, and Europe if successful.
Intuit (NASDAQ: INTU) and Amazon (NASDAQ: AMZN) have announced a multi-year strategic partnership aimed at empowering Amazon sellers with financial management solutions. QuickBooks will become Amazon's preferred partner for financial tools integrated directly into Amazon Seller Central.
The partnership will provide sellers with comprehensive financial management capabilities, including real-time financial updates, profitability insights, cash flow management, and tax estimates. Eligible Amazon sellers using QuickBooks will have access to personalized loans through QuickBooks Capital. According to Intuit, businesses using QuickBooks platform have a nearly 20-point higher success rate than those who don't.
The implementation will begin rolling out in mid-2025, initially focusing on U.S. sellers before expanding internationally.
Grab has selected AWS as its preferred cloud provider to drive technology innovation and growth across Southeast Asia. The superapp serves 41.9 million monthly transacting users and over 13 million driver and delivery partners, processing hundreds of transactions per second. AWS powers Grab's critical operations across eight countries, enabling rapid service launches and efficient scaling.
The partnership focuses on optimizing operating costs through AWS's cloud-based solutions, including AWS Clean Rooms and Graviton2 processors. Grab utilizes AWS for secure scaling, managing on-demand transactions which increased 22% in Q3 2024. The company leverages AWS's infrastructure for AI initiatives, processing over 200 TB of data daily and deploying over 1,000 AI models for services like route guidance, pricing, and fraud detection.
Amazon Web Services (AWS) announced four new innovations for Amazon SageMaker AI at AWS re:Invent, aimed at enhancing generative AI model development. The updates include three new Amazon SageMaker HyperPod capabilities and integration of AWS Partner AI applications.
Key features include: 30+ curated model training recipes for popular models like Llama and Mistral, flexible training plans for better resource management, and task governance that can reduce model development costs by up to 40%. The platform now also offers direct integration with partner applications like Comet, Deepchecks, Fiddler AI, and Lakera.
Major companies including Articul8, Commonwealth Bank of Australia, Fidelity, and Salesforce are already utilizing these new capabilities to accelerate their generative AI development.
Amazon Web Services (AWS) announced major expansions to Amazon Bedrock, its managed service for generative AI applications. The updates include: access to over 100 new models through Amazon Bedrock Marketplace, new models from Luma AI, poolside, and Stability AI, and enhanced inference optimization tools.
Key innovations include prompt caching (reducing costs by up to 90% and latency by up to 85%), Intelligent Prompt Routing (cutting costs by up to 30%), and new data capabilities. The service introduced support for structured data retrieval and GraphRAG in Knowledge Bases, plus Amazon Bedrock Data Automation for transforming unstructured data.
The platform has seen significant growth, with its customer base increasing 4.7x in the last year. Major companies including Adobe, BMW Group, and Zendesk are already implementing these new features.
Amazon Web Services (AWS) and poolside announced a multi-year agreement to make poolside's generative AI Assistant and foundation models available on Amazon Bedrock and Amazon EC2. The partnership allows enterprise customers to customize poolside's AI tools using their own data while leveraging AWS's security and performance features.
poolside will utilize AWS Trainium chips for model inference, optimizing price performance. The company's foundation models, malibu and point, are specifically designed for software development, with malibu focusing on complex engineering challenges and point specializing in rapid code completion. The solution enables secure deployment within customer firewalls, with no data shared back to poolside.
Atlassian (NASDAQ: TEAM) and Amazon Web Services (AWS) announced a multi-year strategic collaboration agreement to accelerate enterprise cloud migration and enhance AI capabilities. The partnership aims to migrate millions of users from Atlassian's Data Center business, which generates over $1 billion in annual revenue, to Atlassian Cloud.
The collaboration includes establishing a Cloud Center of Excellence to streamline enterprise migrations, potentially reducing migration time by 50%. Atlassian Cloud, powered by AWS, currently serves over 300,000 customers and features AI-powered capabilities through Atlassian Intelligence, which has seen nearly tenfold increase in usage this year.
The agreement also focuses on enhancing the Forge development platform with AWS services, including generative AI technologies like Amazon Bedrock for app development.
XtalPi, a global leader in AI and robotics drug-discovery technologies, has selected AWS as its strategic cloud provider. The company leverages AWS services to help pharmaceutical companies expedite drug discovery and development. Using Amazon Bedrock, XtalPi's PatSight platform can analyze thousands of compound structures in an hour, achieving over 95% accuracy in patent coverage determination.
The company utilizes multiple AWS services including Amazon Q Developer for software development, Amazon EKS for container deployment, and Amazon SageMaker for machine learning model creation. Through AWS's solutions, XtalPi has reduced operational and maintenance costs by more than 50% while enhancing research efficiency.
Amazon Web Services (AWS) announced new capabilities for Amazon Q Business, its AI-powered work assistant. The key updates include:
- Integration between Amazon Q Business and QuickSight for unified data insights across structured and unstructured sources
- More than 50 new actions for popular business applications like Asana and Teams
- New automation capability using AI agents to execute complex workflows
- Enhanced cross-app generative AI experiences through unified enterprise data indexing
Major partners including Asana, GE HealthCare, Kepler, and Zoom are implementing these features. The platform has already shown significant impact, helping AWS Sales team generate over 100,000 account summaries and saving developers more than 450,000 hours on technical investigations. The new automation capability is scheduled for release in 2025.
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