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Europe’s AI translation industry told it risks reputation by partnering with US firms

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Partnership between top startup DeepL and Amazon comes amid concern about Silicon Valley’s monopoly over digital infrastructureAI companies in Europe risk losing their world-leading status in the field of machine translation, industry figures have said, after the decision by one of the continent’s leading startups to partner with Amazon’s cloud computing division provoked alarm.While businesses […]

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Silicon Six: How Big Tech Avoided $278 Billion in Tax

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The Silicon Six avoided $278bn in US taxes over a decade. Here’s how Amazon, Apple, Meta, Google, Netflix & Microsoft did it — and why it keeps happening. The post Silicon Six: How Big Tech Avoided $278 Billion in Tax appeared first on 1redDrop.

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OpenAI ends its exclusive partnership with Microsoft

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Since Microsoft invested $1 billion in OpenAI back in 2019, the exclusive partnership between the two firms has been one of the strongest and most consequential in the AI industry. Today, though, OpenAI and Microsoft jointly announced an amended agreement that will allow the company to go beyond Microsoft’s Azure and “serve all its products

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Google will invest as much as $40 billion in Anthropic

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Google will invest at least $10 billion in Anthropic, and that amount could rise to $40 billion if Anthropic meets certain performance targets, Bloomberg reports. The investment follows Amazon’s $5 billion initial investment in Anthropic a few days ago; the Amazon deal also leaves the door open to further investment based on performance. Both investments value

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‘Get back to work’: Amazon faces fresh scrutiny over workplace safety record

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Workers and labor advocates say the company’s injury rates and how it treats injured staff remain a problemAmazon, one of the world’s largest employers, has for years faced scrutiny over its safety record. When Billy Foister, a 48-year-old worker, died after a heart attack inside one of the tech giant’s warehouses in September 2019, managers

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Anthropic gets $5B investment from Amazon, will use it to buy Amazon chips

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Amazon has significantly boosted its multibillion-dollar bet on Claude developer Anthropic by investing an additional $5 billion—enabling Anthropic to eventually secure up to 5 gigawatts’ worth of AI chips from Amazon to help train and run its popular Claude AI models. Amazon is already one of Anthropic’s largest investors, having previously invested $8 billion in

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Newly unsealed records reveal Amazon’s price-fixing tactics, California attorney general claims

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Exclusive: A trove of previously redacted documents was filed as part of the tech giant’s anti-trust battle with the state of California. Amazon denies it engages in price-fixingHundreds of previously redacted records reveal how Amazon has put pressure on independent sellers using its platform into raising their prices on the sites of competitors such as

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Amazon.com, Inc. (NASDAQ: AMZN) — Independent Equity Research Report

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All data used in this analysis is sourced exclusively from publicly available filings, earnings transcripts, government data, and free financial aggregators. No proprietary data, paid research, or institutional tools are used — which means every number you see here can be verified by you, directly, in minutes. I have no financial relationship with any company…

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Amazon to buy satellite firm Globalstar for $11.57bn in challenge to Musk’s Starlink

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Deal, subject to regulatory approval, would give Bezos firm access to Globalstar’s network of two dozen satellitesAmazon said on Tuesday it would acquire a satellite company in an $11.57bn deal, bolstering its own fledgling space business as it looks to take on Elon Musk-led bigger rival Starlink.The deal gives Amazon access to Globalstar’s network of

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Tech companies are cutting jobs and betting on AI. The payoff is far from guaranteed

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AI experts say we’re living in an experiment that may fundamentally change the model of workSign up for the Breaking News US email to get newsletter alerts in your inboxHundreds of thousands of tech workers are facing a harsh reality. Their well-paying jobs are no longer safe. Now that artificial intelligence (AI) is here, their

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