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President Donald Trump’s aggressive tariff policy on April 2 didn’t just cause mayhem in the stock market. It sent Amazon sellers into a panic. Many sellers on Amazon count on China for manufacturing and assembly due to lower costs and established infrastructure – up to 70% of goods on Amazon come from China, according to…
Amazon CEO Andy Jassy on Thursday released his annual shareholder letter where he predicted that rapid advancements around artificial intelligence, along with a more competitive chip market, will eventually bring down costs around the technology. “AI does not have to be as expensive as it is today, and it won’t be in the future,” Jassy…
United Launch Alliance Atlas V rocket carrying the first two demonstration satellites for Amazon’s Project Kuiper broadband internet constellation stands ready for launch on pad 41 at Cape Canaveral Space Force Station on October 5, 2023 in Cape Canaveral, Florida, United States. Paul Hennessey | Anadolu Agency | Getty Images Amazon delayed the launch of…
The battle of billionaires in space between Jeff Bezos and Elon Musk has entered a new arena: satellite internet. Amazon, the company that Mr. Bezos started as an online bookseller three decades ago, is now a merchandising behemoth, the owner of the James Bond franchise, a seller of electronic gadgets like Echo smart speakers and…
CEO of Apple Tim Cook speaks at an event in 2022. Jerod Harris | Getty Images Entertainment | Getty Images Technology stocks surged, with Apple and Nvidia rallying more than 10% after Trump announced a 90-day pause on tariffs for some countries. Stocks skyrocketed across the board following a multi-day selloff spurred by an aggressive…
Thomas Kurian presents at the Google’s I/O Developer’s Conference in Mountain View, Calif, on May 10, 2023. Courtesy: Google Google’s cloud unit said Wednesday that clients will be able to run its Gemini artificial intelligence models in their own data centers. Early access to Google Distributed Cloud will be available in the third quarter, Google…
The biggest technology companies and their chief executives donated millions to President Trump’s inauguration, hosted black-tie parties and dinners in his honor, and allowed him to announce and take credit for new multibillion-dollar manufacturing projects. But less than three months into the president’s second term, Mr. Trump has hardly returned their lavish gestures with favors….
The Nasdaq MarketSite in New York, June 9, 2023. Michael Nagle | Bloomberg | Getty Images Silicon Valley executives and financiers publicly opened their wallets in support of President Donald Trump’s 2024 presidential run. The early returns in 2025 aren’t great, to say the least. Following Trump’s sweeping tariff plan announced Wednesday, the Nasdaq suffered…
This year was supposed to be a banner moment for digital commerce companies. Klarna, the digital payments giant, was gearing up for an initial public offering. So was Chime, the financial services company. And StubHub, the online ticketing business, had spoken to bankers for months about pursuing an I.P.O. But after President Trump unveiled a…
Microsoft CEO Satya Nadella speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. Jason Redmond | AFP | Getty Images A half-century ago, childhood friends Bill Gates and Paul Allen started Microsoft from a strip mall in Albuquerque, New Mexico. Five decades and almost $3 trillion later, the…
