On Wednesday, Reddit Inc. $RDDT initiated legal proceedings against Anthropic, an emerging startup in the artificial intelligence sector. The lawsuit, filed in the San Francisco Superior Court, accuses Anthropic of illicitly scraping data from Reddit’s social media discussion platform without authorization. This data was allegedly used to train Anthropic’s AI models, contradicting prior public assurances from the company denying such usage.
Amazon $AMZN is intensifying its efforts in robotics by developing humanoid robots with the potential to eventually replace human couriers, according to a report by The Information on Wednesday citing an insider source. While Reuters has not independently verified this information, it marks a notable step in Amazon’s longstanding commitment to automation and artificial intelligence (AI) within its logistics and delivery operations. Central to this initiative is the near completion of a “humanoid park” — an indoor obstacle course within one of Amazon’s San Francisco offices, designed specifically for testing these advanced robots.
Amazon.com Inc $AMZN is intensifying its investment in artificial intelligence (AI) and robotics to enhance efficiency across its vast logistics and delivery network. In a recent announcement, the tech and e-commerce giant outlined plans to deploy multifunctional warehouse robots and improve last-mile delivery speeds, signaling a transformative shift in how AI supports operational scalability. This move aligns with Amazon’s ongoing efforts to reduce costs, accelerate package fulfillment, and stay competitive in a fast-evolving global supply chain landscape.
Germany's Federal Cartel Office has formally warned Amazon.com Inc. $AMZN over its influence on seller pricing within its marketplace, highlighting potential conflicts with both German and EU competition laws. The antitrust watchdog’s initial review points to Amazon's policies as inconsistent with digital market regulations and fair competition principles.
Anthropic, a leading San Francisco-based artificial intelligence developer backed by Alphabet Inc. $GOOGL and Amazon.com Inc. $AMZN, has reached an estimated $3 billion in annualized revenue, according to sources familiar with the company’s sales metrics. This surge underscores the growing commercial viability of generative AI tools, particularly in the enterprise sector, where code generation and software automation are seeing accelerated adoption.
Nike $NKE is officially returning to Amazon’s $AMZN marketplace in a direct brand partnership, signaling a strategic shift under its new CEO, Elliott Hill. After ending the collaboration in 2019 due to counterfeit concerns and a desire to focus on its direct-to-consumer model, the global sportswear giant is now reembracing wholesale distribution via the world’s largest e-commerce platform.
Amazon-backed autonomous vehicle startup Zoox $AMZN is advancing its commercial ambitions in the robotaxi market with a strategic expansion in the San Francisco Bay Area. The move marks a critical pivot from limited-scale operations to a broader production roadmap, as the company prepares to deploy its purpose-built autonomous fleet for public transport in major U.S. cities.
As trade tensions between the U.S. and China continue to affect global markets, Amazon $AMZN is among the companies feeling the heat from tariffs imposed by the Trump administration. With a 145% tariff on Chinese imports, businesses heavily reliant on Chinese manufacturing, such as Amazon, Walmart $WMT, and Apple $AAPL, are grappling with the increased costs. While Amazon has attempted to reassure investors, the pressures from these tariffs have sparked concerns about their long-term impact on the company’s business, particularly in e-commerce. This article explores how these tariffs are affecting Amazon and other major players in the retail and tech sectors, as well as the strategic shifts companies are making to adapt.
Roku $ROKU, the popular streaming platform, has recently lowered its revenue projections for the full year and the second quarter, citing economic uncertainty and rising concerns regarding tariffs. The company’s latest financial guidance came in below Wall Street's expectations, triggering a 4.9% drop in its stock price during after-hours trading on Thursday.
Recent earnings reports from leading American technology companies have brought a sense of relief, despite the uncertainties introduced by new tariffs and the trade policies of the Trump administration. While concerns loom over potential downturns, the prevailing demand for technology and cloud services demonstrates the resilience of the sector.
Amazon.com Inc. $AMZN has officially entered the satellite internet arena, launching its first 27 Kuiper satellites into low Earth orbit from Florida on Monday. The milestone marks the beginning of Amazon’s $10 billion Project Kuiper—an ambitious initiative to create a global broadband network that rivals SpaceX’s Starlink.
In a significant move underscoring its growing ambitions in the high-end retail space, Amazon.com Inc. $AMZN has partnered with Saks Fifth Avenue to open a dedicated storefront on its e-commerce platform. The digital boutique will feature a curated selection of luxury items from world-renowned designers, including Dolce&Gabbana and Balmain, blending Amazon's expansive digital reach with Saks’ brand prestige.
