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Keywords: Amazon


Amazon to acquire Globalstar in $90 per share satellite deal

Amazon and Globalstar have reached a definitive merger agreement that will reshape the satellite communications market. Under the terms, Globalstar shareholders will receive either 90 dollars per share in cash or 0.3210 Amazon shares, with cash elections capped at 40 percent of total shares. The deal......

Amazon nears Globalstar acquisition to challenge Starlink dominance

Amazon is preparing to acquire satellite operator Globalstar in a deal that could be announced within days, signaling a major escalation in its effort to compete in the low Earth orbit internet market dominated by SpaceX’s Starlink. Discussions between the two companies have advanced in recent......

OpenAI memo claims Microsoft limited reach as Amazon demand surges

An internal OpenAI memo by revenue chief Denise Dresser portrays the partnership with Amazon Web Services as a key driver of enterprise growth, while candidly admitting the long-standing Microsoft tie has "limited our ability" to serve customers on their preferred cloud platforms. Dresser,......

Amazon expands 20 minute delivery service to US and Europe

Amazon is preparing to roll out its ultra-fast delivery service, Amazon Now, in the United States and Europe after rapid growth in India. Chief executive Andy Jassy announced the expansion in his annual shareholder letter, positioning it as a major push into the fast-growing quick commerce sector. The......

Big Tech workforce stalls despite over 100,000 layoffs since 2022

Employment growth across major US technology companies has slowed sharply since the end of the pandemic hiring surge, even as layoffs continue and investment in artificial intelligence accelerates. An analysis by Business Insider shows that Amazon, Microsoft, Meta, Alphabet, and Apple collectively added......

Amazon reports $15 billion AI revenue and eyes chip sales expansion

Amazon disclosed for the first time that its artificial intelligence business has reached an annualized revenue of more than $15 billion within its cloud division, marking a key milestone in the company’s effort to monetize its heavy investments in AI infrastructure. The figure was revealed in......

New species emerge from Peruvian Amazon, astonishing scientists

A Conservation International expedition in Peru's Alto Mayo landscape uncovered 27 confirmed new species, plus 48 potentially novel ones under study. The 38-day survey at the Andes-Amazonia junction reveals untapped biodiversity in one of Earth's most researched ecosystems. These findings continue......

Indigenous leader Raoni Metuktire backs Lula ahead of Brazil’s October election

Prominent Brazilian indigenous leader Raoni Metuktire has announced his support for President Luiz Inácio Lula da Silva ahead of the country’s presidential election scheduled for October, despite expressing concerns over certain government-backed projects. Speaking during a major gathering......

Indigenous march in Brasília to demand land rights

Thousands of Indigenous activists from across Brazil gathered in Brasília this week to demand faster recognition of their ancestral lands, bringing renewed attention to land rights issues ahead of the upcoming presidential election. The demonstration is part of the annual......

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