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OpenAI raises $110 billion from Amazon, Softbank, Nvidia

OpenAI raises $110 billion from Amazon, Softbank, Nvidia

02 Mar 2026, 12:12 PM

The Sam Altman-led AI startup also said that additional investors are expected to join as the round progresses.

Amazon signals plans for AI content licensing marketplace

Amazon signals plans for AI content licensing marketplace

11 Feb 2026, 18:01 PM

This comes as many publishers argue that AI companies scraping public websites for model training violates copyright law.

Amazon cuts 16,000 jobs

Amazon cuts 16,000 jobs

29 Jan 2026, 16:33 PM

This comes after Amazon laid off 14,000 people last year in October.

Amazon in talks to invest $10 billion in OpenAI

Amazon in talks to invest $10 billion in OpenAI

17 Dec 2025, 18:19 PM

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 to invest $35 billion in India by 2030 to advance AI innovation

Amazon to invest $35 billion in India by 2030 to advance AI innovation

10 Dec 2025, 12:23 PM

Amazon, which seeks to create 1 million jobs in India with its fresh investment, has invested around $40 billion in India so far.

AWS launches three new frontier AI agents

AWS launches three new frontier AI agents

04 Dec 2025, 13:11 PM

Clariant, Commonwealth Bank of Australia, SmugMug, Western Governors University, and Presidio are among the customers already using one or more of these new agents.

Jeff Bezos takes co-CEO role at new AI venture

Jeff Bezos takes co-CEO role at new AI venture

18 Nov 2025, 15:37 PM

Project Prometheus has already raised $6.2 billion with a portion of the capital from Amazon.

Amazon says Perplexity

Amazon says Perplexity's AI agent not authorized to access its store

06 Nov 2025, 16:09 PM

In response, Perplexity has termed Amazon's letter as a "threat to all internet users".

OpenAI signs $38 billion-deal with Amazon Web Services

OpenAI signs $38 billion-deal with Amazon Web Services

04 Nov 2025, 12:33 PM

Earlier this year, in another partnership between the two, OpenAI open weight foundation models became available on Amazon Bedrock.

Amazon cutting 14,000 corporate jobs amid AI wave

Amazon cutting 14,000 corporate jobs amid AI wave

28 Oct 2025, 20:23 PM

Amazon expects to continue hiring in key strategic areas even as it lays off people.

Amazon Pay India reports Rs 2,097 crore in FY25 revenues

Amazon Pay India reports Rs 2,097 crore in FY25 revenues

08 Oct 2025, 15:12 PM

The digital payments arm of online marketplace Amazon India saw its losses fall Rs 866 crore in FY25 from Rs 911 crore in FY24.

The same fate of two digital lending posterboys; Healthcare not AI ready?

The same fate of two digital lending posterboys; Healthcare not AI ready?

30 Sep 2025, 14:06 PM

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.

Reliance

Reliance's startup moment; Amazon, Flipkart's NBFC play

30 Sep 2025, 13:57 PM

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 receives RBI nod for Axio acquisition

Amazon receives RBI nod for Axio acquisition

04 Sep 2025, 17:32 PM

Amazon had first invested in Axio (formerly Capital Float) in 2018, injecting $22 million at about $350 million valuation.

Amazon hosts OpenAI models on AWS for first time

Amazon hosts OpenAI models on AWS for first time

06 Aug 2025, 13:21 PM

OpenAI's open weight models will be available via Amazon Bedrock and Amazon SageMaker AI.

AWS plans AI agent marketplace for businesses

AWS plans AI agent marketplace for businesses

12 Jul 2025, 12:08 PM

The proposed marketplace would function as a digital storefront where businesses can browse, acquire, and deploy AI agents designed for various operational needs.

PhonePe, Google Pay command 82% of UPI transaction volumes

PhonePe, Google Pay command 82% of UPI transaction volumes

11 Jul 2025, 16:58 PM

PhonePe topped the list, processing 8.55 billion transactions worth Rs 11.99 lakh crore, securing a 46.5% share by volume and nearly half the total transaction value.

Amazon introduces new generative AI model as it deploys 1 millionth robot

Amazon introduces new generative AI model as it deploys 1 millionth robot

02 Jul 2025, 16:52 PM

Amazon's journey into robotics started with its acquisition of Massachusetts-based Kiva Systems in 2012 that led to the creation of Amazon Robotics based on Kiva's technology.

Amazon to acquire digital lender Axio (Capital Float)

Amazon to acquire digital lender Axio (Capital Float)

17 Jan 2025, 02:22 AM

Once the acquisition receives regulatory approval, it will make Amazon the first big tech company in India to gain access to an NBFC license through Axio.

Skydo to offer international payments for Indian exporters selling on Amazon

Skydo to offer international payments for Indian exporters selling on Amazon

24 Dec 2024, 23:46 PM

With this, exporters on Amazon can receive their international payouts through Skydo, the company said in its statement.

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