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Amazon Workers on Food Stamps Nearly Tripled, While Company Spends $200 Billion on AI
24/7 Wall St.67d agoneutral
Amazon Workers on Food Stamps Nearly Tripled, While Company Spends $200 Billion on AI

A new Government Accountability Office report commissioned by Sen. Bernie Sanders finds the number of Amazon (NASDAQ:AMZN) workers relying on federal food and health assistance has nearly tripled since 2020, even as the company disclosed plans to spend $200 billion on artificial intelligence infrastructure in 2026. The GAO reviewed enrollment data from 11 states representing ... Amazon Workers on Food Stamps Nearly Tripled, While Company Spends $200 Billion on AI

Nancy Pelosi’s Family Turned $30 Million Into $278 Million Trading Stocks. Congress Just Voted to Ban It During Her Final Term.
24/7 Wall St.67d agoneutral
Nancy Pelosi’s Family Turned $30 Million Into $278 Million Trading Stocks. Congress Just Voted to Ban It During Her Final Term.

The U.S. House of Representatives voted 232-198 on July 22, 2026 to pass the Stop Insider Trading Act, barring members of Congress, their spouses, and dependent children from buying individual publicly traded stocks. The vote arrived in the final months of Nancy Pelosi’s congressional career, capping a tenure in which her family’s brokerage account became ... Nancy Pelosi’s Family Turned $30 Million Into $278 Million Trading Stocks. Congress Just Voted to Ban It During Her Final Term.

AMD expected to launch next generation of AI infrastructure to challenge Nvidia
Reuters67d agoneutral
AMD expected to launch next generation of AI infrastructure to challenge Nvidia

Advanced Micro Devices is set to launch a raft of AI hardware that ‌will rival Nvidia on Thursday at an event at a downtown convention ‌center in San Francisco. AMD is attempting to capture market share from Nvidia in the fast-growing data center ​chip sector, especially for so-called inference computing, which is the data crunching that occurs when a user queries a chatbot such as OpenAI's ChatGPT. AMD is expected to show off the company's data center hardware that includes its first-generation server racks called Helios, which ‌it is marketing as a ⁠rival to a similar design from Nvidia, which is rolling out its second-generation product this year.