delorean DeLorean Reveals Electric Alpha 5 Amidst Busy Tech Week The revived DeLorean brand unveils an electric Alpha 5 with signature gull-wing doors, while Apple prepares for WWDC and Sheryl Sandberg steps down from Meta.
antitrust Senate Races to Pass Tech Antitrust Reform Before Midterm Elections Lawmakers push to pass the American Innovation and Choice Online Act before the August recess, aiming to stop dominant platforms from favoring their own products. Supporters fear the bill dies if Republicans take the House in November.
aws AWS Posts Strong Q1 Gains as Amazon Reports $3.8 Billion Loss Amazon Web Services generates $18.4 billion in revenue and boasts a massive $88.9 billion backlog, contrasting sharply with Amazon's overall quarterly loss.
amazon web services Amazon Web Services Posts Strong Profit Despite Company's Q1 Net Loss Amazon's cloud division generates $18.44 billion in revenue and $6.52 billion in operating income, easily offsetting the parent company's massive first-quarter deficit. The unit experiences slight growth deceleration but remains the dominant and highly profitable force in the cloud market.
amazon Major Cloud Providers Halt New Sales in Russia Over Ukraine Invasion Amazon, Microsoft, Google, and IBM all suspend new cloud sales in Russia in response to the ongoing war in Ukraine. Cloudflare, however, maintains its local services to keep the internet accessible.
applied ai Applied AI in 2022: Chips, MLOps, and Enterprise Maturity AI adoption surges as it becomes a practical business tool rather than a research curiosity. Key trends shaping applied AI in 2022 include a booming market for specialized AI chips and a growing focus on operational machine learning workflows.
aws AWS Expands Machine Learning Tools With No-Code SageMaker Canvas Amazon introduces SageMaker Canvas, a new no-code interface for its ML platform that allows users to train models without writing code. The tool simplifies data importing, model building, and prediction generation for non-technical users.
rivian Rivian Reaches $100 Billion Valuation on Record-Breaking IPO Day Electric vehicle startup Rivian surges nearly 30 percent in its market debut, achieving a massive valuation that surpasses Ford and General Motors despite producing only a handful of vehicles.
rivian Rivian Prices IPO at $78 to Reach $77 Billion Valuation Electric truck maker Rivian prices its shares at $78, far exceeding initial targets as massive investor demand pushes the startup to a $77 billion valuation.
rivian Rivian Targets $60 Billion Valuation in Massive $8.4 Billion IPO Amazon-backed electric vehicle maker Rivian aims to raise up to $8.4 billion through an initial public offering on the Nasdaq exchange. The highly anticipated public debut puts the company's potential valuation as high as $60 billion.
amazon Amazon Reveals 20% Stake in Rivian Ahead of Major EV IPO Amazon officially discloses a 20% ownership stake in electric vehicle maker Rivian, valued at $3.8 billion. The tight relationship highlights both a major financial boon and a significant business risk for the upcoming IPO.
amazon web services Amazon Web Services Accelerates Cloud Growth in Third Quarter Amazon Web Services surpasses analyst expectations with nearly 39% revenue growth, driven by ongoing pandemic-fueled cloud adoption. The cloud unit generates the majority of Amazon's operating income despite the parent company's weaker overall guidance.
aws Amazon Web Services Unveils Broad AI and Machine Learning Updates at re:Invent Amazon announces a wide range of new AI and machine learning tools for its AWS cloud platform, including features aimed at developers and enterprise customers. The releases focus heavily on making machine learning more accessible as business adoption continues to accelerate.
twitch Cybersecurity Experts Weigh In on Massive Twitch Data Breach Following the leak of 135 gigabytes of sensitive Twitch data, cybersecurity professionals urge users to secure their accounts and remain vigilant against delayed phishing attacks.
rivian Rivian Stock Surpasses $100 on Strong First Day of Public Trading Electric vehicle maker Rivian closes its inaugural trading day at $100.73 per share after opening at $78. The company also announces plans to direct millions of shares toward climate initiatives.