Amazon Stock Hits Record High After $38B OpenAI Deal
Amazon shares surged to a record high of $255 after the company announced a seven-year, $38 billion cloud computing deal with artificial intelligence firm OpenAI.
#Amazon#OpenAI#Stock Market
#AWS
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Amazon Stock Surges on Strong AWS Cloud Performance
Amazon's stock surged over 10% after its Q3 earnings beat expectations, driven by a surprise 20% growth in its AWS cloud division to $33 billion in sales.
#Amazon#AMZN#Stock Market
Circle Launches Arc Testnet with Major Backing
Circle has launched the public testnet for Arc, its new Layer 1 blockchain network, with support from over 100 firms including BlackRock and Visa, aiming to create predictable stablecoin transactions.
#Circle#Arc Testnet#USDC
AWS Outage Disrupts Major Banks and Fintech Services
A major Amazon Web Services outage in its Virginia data center caused widespread disruptions for banks like Navy Federal and fintechs like Chime on Monday.
#AWS#Cloud Computing#Banking
Amazon's Ad Business Is Its Hidden Profit Center
Amazon's advertising division has become its most profitable segment, with 70% margins and 20% annual growth, now contributing over half of the company's operating income.
#Amazon#Advertising#Technology