Amazon cloud boss Matt Garman inherits business under pressure to keep pace in AI
Adam Selipsky’s three-year tenure at the helm of Amazon Web Services coincided with slowing growth and an increasingly competitive landscape in AI.
Nvidia shows no signs of AI slowdown after over 400% increase in data center business
Nvidia finance chief Colette Kress told investors on Wednesday that cloud providers were seeing an “immediate and strong return” on investment.
JetBlue, British Airways seek partnership to expand networks
JetBlue, British Airways need DOT approval for the code-sharing agreement, which would allow the airlines to sell seats on each other’s flights.
Embattled AI firm Appen loses more executives, months after Alphabet cut ties
Appen, the AI firm that once counted Google, Microsoft and Nvidia as clients, has lost its executives in charge of of revenue and marketing.
News Corp. and OpenAI strike ‘multi-year global partnership’ deal to use journalistic content to improve ChatGPT
OpenAI and News Corp. on Wednesday entered into a “multi-year global partnership” that will allow OpenAI to display News Corp.-owned articles within ChatGPT.
Warner Bros. Discovery and ESPN strike 5-year deal for College Football Playoff games
Warner Bros. Discovery will carry two College Football Playoff games on TNT and Max’s sports tier starting in December.
Pfizer aims to save $1.5 billion by 2027 in first wave of new cost cuts
Pfizer is also carrying out another $4 billion cost-cutting effort, which it announced last year as demand for its Covid vaccine and drug Paxlovid slumped.
Most Americans falsely think the U.S. is in recession, poll shows
President Joe Biden is trying to win voters on his economic record ahead of the November election against Donald Trump.
Nvidia shares pass $1,000 for first time on AI-driven sales surge
Nvidia reported earnings after the bell. Here are the results.
Stocks at record levels are about to get their next major test — Nvidia’s earnings results
Nvidia will test the sustainability of recent market highs, given its huge size in broad market indexes, as well as its influence over investor psychology.
