Explore the latest news, in-depth reports, and executive analysis tagged with #Amazon.
In this edition, we revisit the longest-running payments debate i.e. UPI MDR; and we explore what happens when sovereign AI, venture capital and national interest collide.
The additional $13 billion investment will expand AWS' data centre capacity in Mumbai and Hyderabad.
The new term will ease concerns nagging OpenAI after it had signed its up to $50-billion deal with Amazon earlier this year.
The comes just days after Amazon agreed to invest a fresh $5 billion in Anthropic.
The Sam Altman-led AI startup also said that additional investors are expected to join as the round progresses.
This comes as many publishers argue that AI companies scraping public websites for model training violates copyright law.
This comes after Amazon laid off 14,000 people last year in October.
The investment could be done at a valuation of $500 billion as the Sam Altman-led company reportedly prepares for an IPO next year.
Amazon, which seeks to create 1 million jobs in India with its fresh investment, has invested around $40 billion in India so far.
Clariant, Commonwealth Bank of Australia, SmugMug, Western Governors University, and Presidio are among the customers already using one or more of these new agents.
Project Prometheus has already raised $6.2 billion with a portion of the capital from Amazon.
In response, Perplexity has termed Amazon's letter as a "threat to all internet users".
Earlier this year, in another partnership between the two, OpenAI open weight foundation models became available on Amazon Bedrock.
Amazon expects to continue hiring in key strategic areas even as it lays off people.
The digital payments arm of online marketplace Amazon India saw its losses fall Rs 866 crore in FY25 from Rs 911 crore in FY24.
Sep 12th Edition: How Capital Float (now Axio) and Lendingkart, in 2025, found themselves meeting the same fate; and why India’s healthcare is not ready for the AI and robotics revolution yet.
Sept 5th Edition: We track Mukesh Ambani’s entry into a novel business that even big tech businesses are trying to make sense of; and the country’s top marketplaces’ credit bet.
Amazon had first invested in Axio (formerly Capital Float) in 2018, injecting $22 million at about $350 million valuation.
OpenAI's open weight models will be available via Amazon Bedrock and Amazon SageMaker AI.
The proposed marketplace would function as a digital storefront where businesses can browse, acquire, and deploy AI agents designed for various operational needs.
