AMAZON.COM INC - CybAI news

16 Aug

Amazon’s Payment Delay Warning Stirs Panic Among Flex Drivers

stp2y0 CommentsRAG modelsAMAZON.COM INC, Americas, Consumer Discretionary, Industrials, jobs, LYFT INC-A, Mobile Phones, smartphone, social media, Technology, UBER TECHNOLOGIES INC

Amazon.com Inc. warned Flex drivers who deliver packages in their own vehicles that payments they were supposed to receive Thursday “may be delayed,” according to correspondence reviewed by Bloomberg, stirring panic among drivers who are used to prompt payment after completing a route.The Amazon message doesn’t explain the problem or say when it could be resolved, adding to the concerns. Source link lol

16 Aug

Fox-Disney Sports Service Blocked by Judge in Win for Fubo TV

stp2y0 CommentsRAG modelsAMAZON.COM INC, David Gandler, entertainment, FOX CORP - CLASS A, justice department, law, Manhattan, media, sports, Technology, WALT DISNEY CO/THE

Fox Corp., Warner Bros. Discovery Inc. and Walt Disney Co. were blocked by a judge from launching their streaming sports service one week before its rollout, taking a blow from their smaller rival FuboTV Inc.US District Judge Margaret Garnett on Friday issued a preliminary injunction blocking the $42.99-a-month service, Venu Sports, from going forward while Fubo’s lawsuit against the three companies proceeds. Source link lol

15 Aug

Soros, Druckenmiller Pared Megacap Holdings Ahead of Summer Rout

stp2y0 CommentsRAG modelsALPHABET INC-CL A, AMAZON.COM INC, BBG MAGNIFICENT 7 PR USD, David Alan Tepper, Fund Management, George Soros, Markets, META PLATFORMS INC-CLASS A, NVIDIA CORP, SEVEN, stocks, Technology

George Soros and Stanley Druckenmiller’s investment firms trimmed their holdings in “Magnificent Seven” stocks before this year’s ebullient run-up in technology companies gave way to a major downturn in mid-July.Soros Fund Management sold some of its stake in Alphabet Inc. totaling $58 million, and about $15 million of Amazon.com Inc., according to regulatory filings for the three months ended in June. Source link lol

15 Aug

Lenovo’s Profit Beats as AI Demand Drives a Gradual PC Recovery

stp2y0 CommentsRAG modelsALPHABET INC-CL A, AMAZON.COM INC, artificial intelligence, BAIDU INC - SPON ADR, DELL TECHNOLOGIES -C, europe, hardware, HP INC, LENOVO GROUP LTD, Technology, Yuanqing Yang

Lenovo Group Ltd. reported better-than-expected quarterly profit, affirming hopes for a gradual computing industry recovery driven by global AI spending.Net income grew 38% to $243 million in the three months ended June, Lenovo said in a filing on Thursday. That compares with an average estimate for $231 million. Revenue rose 20% to $15.4 billion. Source link lol

14 Aug

Hedge Funds Add Apple, Reshuffle Technology Portfolio

stp2y0 CommentsRAG modelsALIBABA GROUP HOLDING-SP ADR, AMAZON.COM INC, APPLE INC, artificial intelligence, Hedge Funds, iphone, JANUS HENDERSON GROUP PLC, Michael James Burry, NVIDIA CORP, Technology, THIRD POINT LLC

Hedge funds continued to buy into some of the biggest technology companies including Apple Inc. in the second quarter while trimming positions in Nvidia Corp., as they reshuffle their positions in the artificial intelligence boom that had fueled a blistering rally in the US stock market.The iphone maker saw the biggest increase by market value for a single stock in the three months through the end of June, according to Bloomberg’s analysis of data from 13F filings. The stock soared nearly 25% during the period, attracting an aggregated net buy of more than 8.5 million shares from hedge funds. Janus…

14 Aug

Apple Pushes Ahead with Tabletop Home Device in Shift to Robotics

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Apple Inc., seeking new sources of revenue, is moving forward with development of a pricey tabletop home device that combines an iPad-like display with a robotic limb. The company now has a team of several hundred people working on the device, which uses a thin robotic arm to move around a large screen, according to people with knowledge of the matter. The product, which relies on actuators to tilt the display up and down and make it spin 360 degrees, would offer a twist on home products like Amazon.com Inc.’s Echo Show 10 and Meta Platforms Inc.’s discontinued Portal. Source…

13 Aug

Nvidia Rebound Adds $400 Billion in Market Value Over Four Days

stp2y0 CommentsRAG modelsAMAZON.COM INC, artificial intelligence, Earnings, Hedge Funds, JULY SARL/CAEN, Markets, MICROSOFT CORP, NVIDIA CORP, retail, S&P 500 INDEX, Technology, Valuation

It’s been a rough six weeks for Nvidia Corp. shareholders. A historic dip that erased record market value from the company was followed by a four-day stretch of stomach-churning volatility. Now, though, signs are emerging the worst might be over.The chipmaker’s shares have surged nearly 17% in the past four sessions, adding more than $400 billion in market value to one of the biggest companies in the world. The rebound has propelled the broader market higher as well, with Nvidia accounting for about 22% of the S&P 500’s gain over that span, double the contribution of any other single stock.…

09 Aug

Has Burning Man Peaked?

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For the first time in more than a decade, Burning Man is struggling to sell all of its tickets. But first... Source link lol

09 Aug

Tech Founders and Investors Confront a Wave of AI Skepticism

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One early AI leader thinks we may be entering a “sobering” moment. Source link lol

08 Aug

Amazon Deals Let Shoppers Buy Products on TikTok, Pinterest

stp2y0 CommentsRAG modelsAMAZON.COM INC, apps, BEIJING DOUYIN INFORMATION S, BYTEDANCE LTD, E-commerce, META PLATFORMS INC-CLASS A, PINTEREST INC- CLASS A, shopping, SNAP INC - A, social media, Technology

Amazon.com Inc. has inked partnerships with TikTok and Pinterest Inc. that lets users buy products from the e-commerce company without leaving the social media apps.Users can link their profiles from TikTok and Pinterest to their Amazon accounts and then buy products directly from ads. The initiative is designed to make it more convenient for customers to shop on social media, an Amazon spokesperson said Thursday in a statement. Source link lol