Amazon Com Stock Price, News & Analysis

At AWS re:Invent, Amazon Web Services announced nine new features for Amazon SageMaker, enhancing its machine learning capabilities. The updates include faster data preparation, a dedicated feature repository, automated workflows, and improved model monitoring, enabling developers to automate and scale the machine learning process. These enhancements aim to simplify the creation of machine learning models for a broader audience, addressing the traditionally complex tasks involved in data preparation and model training. Notable customers like 3M and Deloitte highlighted the value of these updates.

Amazon Web Services (AWS) announced that Thomson Reuters has completed a large-scale migration to AWS as part of its digital transformation strategy. This migration includes thousands of servers and hundreds of applications, completed five months ahead of schedule. Leveraging AWS's extensive cloud services, Thomson Reuters is set to enhance its product offerings through improved analytics, machine learning, and cost efficiencies. Key services include Amazon SageMaker and EC2 Spot Instances, optimizing costs and accelerating product development.

Amazon Web Services (AWS) has entered a strategic agreement with ViacomCBS, making AWS the preferred cloud provider for its global broadcast media operations. This partnership will see ViacomCBS migrate its broadcast operations, encompassing 425 linear channels and 40 media centers, to AWS. The collaboration aims to enhance efficiencies, reduce costs, and streamline content access for licensing partners. AWS will support ViacomCBS with its advanced cloud capabilities, including media services and machine learning technologies, enabling faster channel launches and improved content delivery.

Amazon Web Services (AWS) and BMW Group have announced a strategic collaboration to enhance the automaker's innovation pace through data and analytics. This partnership will migrate BMW’s core IT systems to AWS, improving efficiency across its operations in over 100 countries. They will jointly develop cloud solutions to enhance vehicle design and after-sales services. Notably, up to 5,000 BMW engineers will be trained on AWS technologies, including machine learning. The initiative aims to leverage a data lake for improved decision-making and operational transparency in the automotive supply chain.

Amazon Web Services (AWS) has announced the launch of its second infrastructure region in Australia, the Asia Pacific (Melbourne) Region, scheduled for the second half of 2022. This new region will feature three Availability Zones, enhancing AWS’s presence in the Asia Pacific, which already includes 25 Availability Zones in various countries. AWS aims to support developers, startups, enterprises, and government organizations by providing local data centers to improve service delivery. Amazon has invested over AUD $3 billion in Australian infrastructure and continues to focus on sustainability and upskilling local talent.

Amazon.com plans to establish its first fulfillment center in Missouri City, Texas, expected to open in 2021. This center will generate over 500 full-time jobs with competitive wages and benefits from day one. The 1 million square-foot facility will focus on shipping larger items like patio furniture and outdoor equipment. Amazon has previously created over 43,000 jobs in Texas, contributing more than $18.8 billion to the state's GDP. Local leaders are optimistic about the economic benefits this expansion will bring.

Amazon Web Services (AWS) has partnered with MGM to enhance its media supply chain by migrating MGM's content library to the cloud. This multi-year collaboration aims to modernize MGM's infrastructure using AWS technologies such as machine learning, data lakes, and serverless computing. The new setup will allow MGM to automate and streamline content distribution, improve rights management, and provide better analytics on content viewing trends. The collaboration is expected to optimize MGM's operational efficiency and create new revenue opportunities.

Amazon has announced a $2.25 million donation to The Housing Fund in Nashville, aimed at preserving homeownership for residents facing housing insecurity due to challenges like job loss and the pandemic. This funding will establish the Housing Resiliency Fund, providing financial grants to low- and moderate-income families. Amazon supports various community initiatives in Nashville, having created over 12,000 jobs in Tennessee since 2010, with total investments exceeding $8.9 billion in the state, contributing to the local economy.