Sep 29, 2026
Alibaba Group is accelerating its overseas data centre expansion with plans to launch facilities in Turkey, Finland and the Netherlands over the next 12 months. The Chinese tech giant is targeting more than 20 gigawatts of global data centre capacity by 2032 as it competes with Amazon and Alphabet in markets beyond Asia.
The Federal Trade Commission announced revisions to Amazon's $2.5 billion settlement over allegations the company used deceptive sign-up practices for Prime memberships and made cancellation difficult. The maximum refund per customer has been increased from $51 to $200, with millions more customers now eligible for compensation.
Qualcomm announced a long-term partnership with Amazon Web Services to supply up to $60 billion worth of AI data center chips and related products. As part of the deal, Amazon received warrants to purchase approximately $4 billion in Qualcomm stock, marking Qualcomm's first major Western hyperscaler customer as it challenges Nvidia in AI infrastructure.
The Federal Trade Commission and 22 states filed a lawsuit against Amazon on Monday, accusing the e-commerce giant of secretly manipulating and overcharging prices that businesses paid to advertise on its retail platform, allegedly pocketing tens of billions of dollars through deceptive practices.
Chinese AI startup Moonshot AI is in talks with Microsoft, Amazon, and Google to host its K3 model on their cloud platforms through revenue-sharing agreements. This would mark the first time a Chinese AI company's model appears on major US cloud infrastructure.
Major technology companies' rapid borrowing to finance AI development is straining bond market capacity, with Amazon's $25 billion offering highlighting shifting investor tolerance and widening credit spreads as portfolio managers face concentration limits.
An investigation using a hidden AirTag tracked rare books sold in bulk to Amazon's Las Vegas warehouse, where they are scanned for AI training data and destroyed in the process. The tracking device was placed in a 1,000-book shipment and led to warehouse LAS8, confirming long-standing suspicions from booksellers about the fate of rare texts.
Multiple technology companies are shifting AI training strategies to capture employee workflows and user-generated content. SpaceX announced it will train AI on all employee work product for Grok 4.6, while Amazon's Twitch faces backlash for using streamer content to train AI through an opt-out feature. Startups like Skan AI and Mechanize are raising funds to record and automate human work processes.
Amazon's planned data center in Pecos County, Texas received a permit to build an on-site power plant that could release up to 33 million tons of CO2 annually, potentially making it the largest source of climate pollution in the United States.
Microsoft has launched its biggest data center in India, located in Hyderabad, as part of a $20-21 billion investment in cloud and AI infrastructure. The facility marks Microsoft's fourth cloud region in the country as it competes with Google and Amazon for India's rapidly growing AI and cloud computing market.
Amazon is redesigning its AI data center campus in rural Indiana, consolidating multiple facilities into a single powerful cluster while deprioritizing most of its Nova models to focus engineering talent and computing resources on developing next-generation frontier AI systems.
Amazon's autonomous vehicle unit Zoox will begin charging fares for robotaxi rides in Las Vegas starting August 10, following federal approval to operate vehicles without human controls. This marks the first commercial deployment of fully autonomous robotaxis in the United States.
A U.S. appeals court on Tuesday reversed a lower court order that had temporarily barred Perplexity AI's Comet shopping assistant from accessing Amazon's e-commerce platform, allowing the AI-powered tool to resume operations on the site.
Major technology companies including Microsoft, Meta, Amazon, Alphabet, and Oracle have committed approximately $1.09 trillion in future lease payments for AI data centers, part of a broader $2.4 trillion infrastructure investment plan. The expansion is straining power grids and raising concerns about infrastructure costs.
Amazon reported $200.6 billion in Q2 revenue with AWS growing 37%, its fastest pace since 2021, but free cash flow turned negative for the first time since 2023 due to massive capital expenditures on AI data centers.
Amazon increased its annual capital spending plans following robust cloud computing sales growth, its strongest performance in more than four years, as the company argues AI investments are generating sufficient demand to justify the expenditures.
Amazon reported AWS revenue accelerated for a fifth straight quarter, with cloud computing growth easing investor concerns about AI infrastructure returns. The strong results sent shares up 12% and demonstrated clear demand for Amazon's custom AI chips.
Amazon's autonomous vehicle unit Zoox has secured approval from US auto safety regulators for limited commercial deployment of its steering-wheel-free robotaxis, marking the first such authorization in the autonomous ride industry.
A study from a think tank led by former FTC Chair Lina Khan reveals that Amazon and Walmart's AI shopping assistants can identify fraudulent 'Made in USA' product labels but the retailers are not deploying this technology to remove or flag such listings.
A study from a think tank led by former FTC Chair Lina Khan reveals that Amazon and Walmart's AI shopping assistants can identify fraudulent 'Made in USA' product labels but the retailers are not deploying this technology to remove or flag such listings.
Amazon has identified instances where artificial intelligence systems have caused runaway spending on technology projects, highlighting emerging challenges in managing AI-driven resource allocation and cost controls.
Cryptocurrency exchange Bybit has integrated xStocks tokenized equities into its Dual Asset structured product, offering fixed-return yield products backed by shares of SpaceX, Nvidia, Apple, Alphabet, Coinbase, and Amazon with investment periods ranging from 8 hours to 1 day.
World model AI startup Odyssey ML, founded by self-driving vehicle pioneers, secured $310 million in funding at a $1.45 billion valuation. The round was backed by Amazon, Nvidia, AMD, CIA-linked fund IQT, and Google chief scientist Jeff Dean.
Elon Musk's SpaceX has agreed to acquire Anysphere, the company behind AI coding tool Cursor, for $60 billion in stock just days after SpaceX's IPO. The acquisition propels SpaceX past Amazon to become the world's fifth most valuable company.
Amazon CEO Andy Jassy and other tech leaders voiced security concerns to Trump administration officials about Anthropic's advanced AI models this week, prompting the government's decision to halt foreign access to Claude Fable 5 and Mythos 5.
Stablecoin issuer Tether Holdings led a $1.4 billion Series C funding round for German startup Neura Robotics, which develops AI-powered humanoid robots. The round also included participation from Qualcomm, Nvidia, and Amazon, marking one of the largest investments in physical AI and humanoid robotics to date.
Venture capitalists are offering to invest in Anthropic at valuations up to $800 billion, following the company's release of the Mythos model and Project Glasswing cybersecurity demonstration. The valuation represents a significant increase from previous rounds.
OpenAI's chief revenue officer Denise Dresser sent employees a memo outlining five strategic priorities including a new model codenamed 'Spud' that will make all products 'significantly better,' while directly challenging Anthropic's claimed revenue figures and market position.
Anthropic is exploring building its own AI chips, a significant strategic shift as the company's Claude revenue run rate has grown from $9B in late 2025 to over $30B. The move would reduce dependence on third-party chip suppliers.
Anthropic restricted access to its Claude Mythos AI model after it identified thousands of zero-day vulnerabilities across major operating systems, browsers, and cryptography libraries that DeFi infrastructure depends on. The company warned AI models have reached coding capability surpassing most skilled humans at finding exploits.
Anthropic debuted a powerful new AI model called Mythos as part of Project Glasswing, a cybersecurity partnership with Nvidia, Google, AWS, Apple, Microsoft and other major companies for defensive security work.
Amazon has invested an additional $4 billion in Anthropic, bringing its total investment in the OpenAI rival to $8 billion. As part of the expanded partnership, Anthropic has designated Amazon Web Services as its primary cloud and training partner, committing to train its flagship AI models primarily on AWS infrastructure including Trainium chips.
Amazon has invested an additional $4 billion in Anthropic, bringing its total investment in the OpenAI rival to $8 billion. As part of the expanded partnership, Anthropic has designated Amazon Web Services as its primary cloud and training partner, committing to train its flagship AI models primarily on AWS infrastructure including Trainium chips.