Amazon.com exceeded revenue projections, sparking an immediate surge of up to 8 per cent in its shares during post-market trading. The ecommerce and cloud giant attributed this success to the robust adoption of generative AI features across its cloud and online retail operations during the critical holiday period. The company’s cloud arm, Amazon Web Services […]
Amazon posted its third quarter revenue rose beating street estimates. The tech giant revenue increased by 13 per cent to USD 143.1 billion, which is USD 2 billion higher than analyst expectations of USD 141 billion, Reuters reported Amazon’s net income rose to USD 9.9 billion in the third quarter from USD 2.87 billion in […]
Amazon plans to hire an additional 250,000 workers in the United States for the upcoming holiday shopping season. It’s 67 per cent increase compared to the number of hires made in the previous two years. The decision is part of Amazon’s efforts to expand its next-day delivery services for customers. This hiring surge follows Amazon’s […]
Jio Platforms, a subsidiary of Reliance Industries, has joined forces with NVIDIA, a global leader in AI computing, to unveil an Artificial Intelligence cloud infrastructure to revolutionise India’s AI landscape. According to a media release by Jio Platforms, this collaboration is set to accelerate India’s progress in artificial intelligence, supporting the nation’s competitiveness and addressing […]
Reliance Industries (RIL) on Monday acquired 33.33 pc stake in Brookfield Infra-Digital Realty data center business in India. RIL entered into an agreement with Brookfield Infra and Digital Realty in their Indian SPVs set up for developing data centres in India. As per the RIL’s official statement, it will hold a 33.33 per cent stake […]
