Oracle’s Best Week in 25 Years: Stock Soars on AI Power and AWS Partnership
Oracle is up nearly 27% this week, its best performance since 1999. The surge comes after a major power deal with Bloom Energy and a new cloud partnership with AWS.
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Amazon Buys Globalstar: Leo Satellites to Bring Direct-to-Phone Service and Power Apple iPhone Connectivity
Amazon to acquire Globalstar and partner with Apple to power next-generation direct-to-device satellite connectivity for iPhone, Apple Watch, and cellular phones worldwide via Amazon Leo.
Amazon’s AI Revenue Crosses $15 Billion as Chip Unit Prepares for External Sales
Amazon CEO Andy Jassy reveals the company may soon sell its custom AI chips to third parties. Its in-house chip business reaches $20B annual run rate while AWS AI revenue crosses $15 billion.
Uber Ditches Oracle & Google to Use Amazon’s Custom AI Chips
Uber is increasing its use of AWS cloud services, expanding with Amazon’s Graviton processors and testing Trainium3 AI chips. A major shift from Oracle and Google Cloud.
Broadcom and Google Team Up to Power Anthropic’s AI Growth
Broadcom teams up with Google to supply custom AI chips through 2031 and provide Anthropic 3.5 gigawatts of computing power.
Amazon and USPS Strike New Package Delivery Agreement
Amazon will keep using USPS for most deliveries, sending over 1B packages yearly and supporting its finances and jobs.