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 Games and Crystal Dynamics have announced a partnership to develop a new Tomb Raider game, continuing the narrative of Lara Croft. This upcoming multiplatform title will utilize Unreal Engine 5, promising an expansive adventure filled with exploration, puzzles, and diverse enemies. The game is currently in early development, with further details to be revealed later. This collaboration reflects Amazon Games' commitment to creating high-quality gaming experiences and marks their first single-player narrative title, expanding their AAA publishing efforts.
IMDb has announced significant updates allowing entertainment professionals to self-submit and verify their demographic information via standard or free IMDbPro memberships. This initiative, developed in collaboration with organizations like GLAAD and SAG-AFTRA, aims to enhance representation and inclusion within the industry. Users can choose to display or hide age, birth year, and names, facilitating better opportunities for talent discovery. These changes align with IMDb’s mission to support equitable hiring practices in entertainment.
Amazon Games and Bandai Namco Online Inc. have announced the launch of Blue Protocol, a free-to-play anime-inspired action role-playing game, set to release for PC, Xbox Series X|S, and PlayStation 5 in the second half of 2023. A Closed Beta for PC players will take place earlier next year. Blue Protocol allows players to customize characters and choose from five unique classes while engaging in a narrative-driven multiplayer experience. This title expands Amazon Games' portfolio, which includes Lost Ark and New World.
IMDb has released its Top 10 Stars and Top 10 Breakout Stars of 2022, showcasing the most viewed actors based on IMDbPro STARmeter data. Emma D'Arcy was named the Top Breakout Star, recognized for their role in House of the Dragon, while Ana de Armas emerged as the Top Star, marking her fifth consecutive year on the list. The rankings reflect actual page views from over 200 million monthly IMDb visitors. Both stars received accolades for their significant impact on audiences.
Amazon Web Services (AWS) has been named the preferred cloud provider for American Family Insurance, marking a multiyear agreement aimed at facilitating cloud migration and driving innovation. This partnership will enhance operational efficiency for American Family's 13.1 million policyholders while supporting local communities through IT training initiatives. In addition, a co-innovation fund will promote the development of novel insurance solutions. The migration to AWS will significantly reduce operating costs and environmental impact, contributing to American Family’s sustainability goals.
Amazon Web Services (AWS) has been chosen by Yahoo as the preferred cloud provider for its advertising technology business, Yahoo Ad Tech. This migration involves transitioning all ad tech workloads from on-premises data centers to AWS to enhance operational efficiency, reduce costs, and improve audience engagement. The platform reaches over 540 million users, offering advertisers a robust solution with real-time performance insights. Yahoo’s centralized data lake will facilitate advanced analytics, optimizing ad effectiveness and inventory management, ultimately driving revenue growth.
Amazon Web Services (AWS) has extended its global Strategic Collaboration Agreement (SCA) with Slalom, a technology consulting firm, for several years. This partnership aims to develop specialized solutions across various sectors including healthcare and finance, enhancing cloud migration and modernization services for clients. The companies plan joint expansions into new markets, co-investing to support growth in regions such as Ireland and the Netherlands. Over 160 customers have benefited from their collaboration through AWS Launch Centers.
Amazon has been selected by Stability AI as its preferred cloud provider to develop open-source AI models, enhancing efficiency by training them 58% faster using Amazon SageMaker. This collaboration aims to accelerate AI advancements in various content types including text, images, and videos. Stability AI will leverage AWS's compute infrastructure and tools for its operations and plans to share its models with global developers and researchers. This partnership seeks to empower innovation and broad access to AI technology.
Amazon announced eight new capabilities for SageMaker at AWS re:Invent, enhancing the machine learning (ML) lifecycle for developers and data scientists. Key features include SageMaker Role Manager for governance, Model Cards for streamlined documentation, and a centralized Model Dashboard for performance tracking. Additionally, the new Studio Notebooks facilitate real-time collaboration and quick data preparation. The platform also introduces automated model validation using real-time inference and improves handling of geospatial data for various applications, empowering users to leverage ML effectively.
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