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Amazon Joins US$3 Trillion Club Driven by AWS Growth
By Diego Valverde - Mon, 08/03/2026 - 11:00
Amazon surpasses a US$3 trillion valuation as AI-driven AWS growth strengthens investor confidence in its cloud strategy.
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More AI, Cloud & Data
Amazon in Talks to Invest US$50 Billion in OpenAI
By MBN Staff - Fri, 01/30/2026 - 09:15
Amazon is in talks to invest up to US$50B in OpenAI, aiming to deploy AWS infrastructure and proprietary AI chips amid intensifying cloud competition.
Amazon 3Q25 Revenue Jumps 13%; AWS and AI Drive Profitability
By MBN Staff - Tue, 11/04/2025 - 12:00
Amazon reported 13% 3Q25 revenue growth and 37.9% profit increase, driven by 20% growth in AWS and the integration of AI tools.
Amazon Sees More Frequent Buys as Essentials Fill Carts
By MBN Staff - Mon, 11/04/2024 - 13:32
Amazon’s emphasis on everyday essentials has increased purchase frequency, with customers adding more low-cost items to their carts.
Amazon's Prime Day Challenged by Walmart, Best Buy, Target Deals
By Mariana Allende - Tue, 06/25/2024 - 15:40
Amazon’s Prime Day is set to boost the company’s sales but faces competitors aiming to capitalize on discount campaigns.
Amazon's Results Beat Expectations, CEO Credits Efficiency
By Mariana Allende - Mon, 10/30/2023 - 12:30
In its 3Q23 report, Amazon highlighted its US$143 billion in net sales and plans to develop AI-enhanced tools in shopping experiences.
Jeff Bezos Steps Down as CEO, Andy Jassy Takes Over
By Andrea Villar - Mon, 07/05/2021 - 05:00
Andy Jassy officially became the new CEO of Amazon upon the retirement of its founder, Jeff Bezos
Amazon Taps in Andy Jassy
By Sofía Hanna - Wed, 02/03/2021 - 19:09
Amazon recently announced that Jeff Bezos is stepping down as CEO to be replaced by Andy Jassy.