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Amazon winds down most flagship AI models in strategy overhaul, Business Insider reports
Reuters60d agoneutral
Amazon winds down most flagship AI models in strategy overhaul, Business Insider reports

Amazon.com is revamping its AI strategy, winding down many of its in-house AI models and sharpening focus on ‌a new frontier-model effort, Business Insider reported on Tuesday citing people ‌familiar with the matter. The company has begun deprecating most of its flagship Nova AI models, ​including the high-end Premier and Omni models, Reel video-generation model, and Canvas image-generation model, the report said. Instead, Amazon is increasingly moving resources toward a frontier-model development, led by researcher Pieter Abbeel, with frontier research becoming a top priority this ‌year at the company, ⁠the report added.

Big Tech Stocks Are Pricing In a Miracle on Costs
The Wall Street Journal60d agoneutral
Big Tech Stocks Are Pricing In a Miracle on Costs

Wall Street’s forecasts for Big Tech require a major leap of faith: that the biggest AI hyperscalers can boost revenue much faster than the costs of running their businesses. Investors are already on edge about these companies’ soaring capital expenditures related to artificial intelligence. The bullish earnings narrative requires these companies to achieve newfound operating efficiency even as they spend trillions of dollars in capex over the next few years.

Tech Earnings, Fed Rate Decision: What to Watch This Week
The Wall Street Journal60d agoneutral
Tech Earnings, Fed Rate Decision: What to Watch This Week

Today Earnings (a.m.): Coca-Cola, UPS, Boeing, Sherwin-Williams, Hilton, Centene, PayPal, S&P Global Earnings (p.m.): Visa, Ford Motor, Mondelez International, Waste Management, PPG Industries, Bloom Energy, Avis Budget, Seagate Technology Economic data: Consumer confidence index, Johnson Redbook retail sales index, U.

Wall Street ends mixed as investors focus on tech earnings
Reuters Videos60d agoneutralVIDEO
Wall Street ends mixed as investors focus on tech earnings

<body><p>STORY: Wall Street ended mixed on Monday, with the Dow gaining half a percent, the S&P 500 virtually flat and the Nasdaq dropping marginally.</p><p>Investors awaited earnings results from Big Tech companies this week, including Microsoft, Amazon, Meta and Apple. Of the four, only Apple has seen significant gains this year, with investors concerned about future returns on massive AI spending.</p><p>Skyler Weinand is chief investment officer at Regan Capital.</p><p>"If they don't come out and beat [estimates], they're going to sell off even further. You're going to see some profit taking. You're going to see some hedge funds and retail [investors] potentially pack it in for the rest of the year, sitting up 10 to 15%. I don't blame them. // I don't really see the opportunity for these companies that have run so much over the past 18 to 24 months on that AI build out. I don't see that as a huge buying opportunity. I would rather be looking at some of the companies that have fallen behind a little bit. Auto manufacturers are having their day right now. Defense companies are having their day. Some of these companies that will continue to print earnings regardless of what comes from AI build out."</p><p>The Philadelphia semiconductor index extended its recent selloff, falling more than 2%. It is down 21% from its record high close on June 22 but remains up 63% in 2026.</p><p>Chinese chipmaker CXMT's stellar debut on Monday and a report that the country has started manufacturing homegrown deep ultraviolet chipmaking tools also signaled intensifying competition for the U.S. semiconductor industry.</p><p>Meanwhile, oil prices slid after President Donald Trump said the administration was having "good talks" with Iran, but warned that U.S. strikes would resume if the negotiations failed to deliver.</p><p>Shares of Occidental Petroleum fell more than 4% and Exxon Mobil also closed lower.</p><p>Traders this week will also turn their attention to Tuesday's start of the Federal Reserve's two-day policy meeting, with traders projecting a more than 60% chance that the central bank will leave rates unchanged, according to CME's FedWatch tool.</p></body>

Amazon (AMZN) Is Launching 5,100 Satellites For Global Phone Connectivity
Simply Wall St.60d agoneutral
Amazon (AMZN) Is Launching 5,100 Satellites For Global Phone Connectivity

Amazon.com (NasdaqGS:AMZN) plans to deploy a network of more than 5,100 low Earth orbit satellites. The project targets direct-to-device connectivity for users globally by 2028. The service is aimed at reaching underserved regions and competing with existing satellite internet providers. For investors watching Amazon, this move extends the company beyond e-commerce and cloud into global connectivity. By building a satellite network sized in the thousands, Amazon is positioning itself...