Amazon (AMZN) launches pharmacy drone deliveries

Amazon (AMZN) reaches 10,000 Rivian (RIVN) electric delivery vans in U.S.

October 18, 2023 9:14 AM EDT

Amazon (NASDAQ: AMZN) co-founded The Climate Pledge in 2019, committing to becoming a net-zero carbon company by 2040. As part of the Pledge, Amazon partnered with Rivian (NASDAQ: RIVN) to introduce 100,000 electric delivery vehicles on the roads by 2030.

Just 3 years later after the pledge, Amazon deployed its first electric... More

IBM (IBM) Expands Relationship with AWS (AMZN) to Bring Generative AI Solutions and Dedicated Expertise to Clients

October 18, 2023 8:01 AM EDT

IBM (NYSE: IBM) today announced an expansion of its relationship with Amazon Web Services (AWS) to help more mutual clients operationalize and derive value from generative artificial intelligence (AI). As part of this, IBM Consulting aims to deepen and expand its generative AI expertise on AWS by training 10,000 consultants by the end of 2024; the two organizations also plan to... More

Amazon (AMZN) seeks to overhaul fulfillment with AI and robotics capabilities

October 18, 2023 7:09 AM EDT

Amazon (NASDAQ: AMZN) is set to introduce "an array of new artificial intelligence and robotics capabilities into its warehouse operations," according to an early Wednesday report by the Wall Street Journal.

In a move that aims to "reduce delivery times and help identify inventory... More

Amazon to Use New AI Systems at Fulfillment Facilities That Will Work Alongside Employees - WSJ

October 18, 2023 6:09 AM EDT

(Updated - October 18, 2023 6:10 AM EDT)

Amazon to Use New AI Systems at Fulfillment Facilities That Will Work Alongside Employees - WSJ

Amazon introducing warehouse overhaul with robotics to speed deliveries.... More

Amazon Executive Says Company Now Has 10,000 Rivian Vans in Delivery Fleet

October 17, 2023 7:53 PM EDT

(Updated - October 17, 2023 8:04 PM EDT)

Amazon Executive Says Company Now Has 10,000 Rivian Vans in Delivery Fleet - Company event in Seattle on Tuesday afternoon

Amazon, which co-owns Rivian says it now has 10,000 of its delivery vehicles, nearly doubling the fleet from July of this year.Additionally,... More

Microsoft (MSFT) said to sign Amazon as customer of cloud tools - report

October 17, 2023 5:03 PM EDT

Microsoft (NASDAQ: MSFT) is expected to bring on Amazon (NASDAQ: AMZN) as a customer for its 365 cloud productivity tools, Insider reported.

The deal is said to be worth over $1 billion.

... More

Microsoft in talks to sign on Amazon as customer in $1 billion cloud tools deal - Insider

October 17, 2023 4:47 PM EDT

(Reuters) -Microsoft is preparing to bring Amazon.com as a customer for its 365 cloud productivity tools in a deal worth over $1 billion, news site Insider reported on Tuesday, citing an internal document and a person familiar with the matter.

The e-commerce giant has committed the amount for over... More

Amazon.com (AMZN) PT Lowered to $178 at UBS

October 17, 2023 9:30 AM EDT

UBS analyst Lloyd Walmsley lowered the price target on Amazon.com (NASDAQ: AMZN) to $178.00 (from $180.00) while maintaining a Buy rating.... More

Amazon.com (AMZN) PT Lowered to $174 at Truist Securities

October 17, 2023 7:18 AM EDT

Truist Securities analyst Youssef Squali lowered the price target on Amazon.com (NASDAQ: AMZN) to $174.00 (from $176.00) while maintaining a Buy rating.... More

Stifel Starts Amazon.com (AMZN) at Buy

October 16, 2023 4:07 PM EDT

(Updated - October 16, 2023 4:14 PM EDT)

Stifel analyst Mark Kelly initiates coverage on Amazon.com (NASDAQ: AMZN) with a Buy rating and a price target of $173.00.

The analyst comments "Initiating coverage with a Buy rating and $173 target price. No other e-commerce platform comes close to matching the scale that Amazon has... More