Amazon

OpenAI is in talks with Amazon over a potential $10 billion investment, which could value the AI company at more than $500 billion. The deal may include using Amazon’s AI chips and cloud services, allowing OpenAI to diversify its technology partners beyond Microsoft and Nvidia.

AI data centres in the U.S. are using power faster than the grid can supply, creating a major gap in electricity capacity. Analysts warn that without huge investment, the country may struggle to support further AI growth as outages and infrastructure limits become more common.

Amazon and Microsoft are supporting a U.S. law, the GAIN AI Act, to restrict exports of high-performance Nvidia AI chips to China until domestic demand is met. Nvidia has opposed the move, warning it could hurt global competition and cost the company billions, while the U.S. frames it as a national security measure.

Amazon has told Perplexity AI to stop its Comet browser from buying items on its platform, claiming it breaks the site’s rules. Perplexity denies any wrongdoing, saying the AI acts on users’ instructions and calling Amazon’s move an attempt to limit competition.

OpenAI has signed a seven-year, $38 billion deal with Amazon to use AWS and hundreds of thousands of Nvidia GPUs for its AI projects. This move gives OpenAI more computing power and independence from Microsoft as it expands its global AI infrastructure.

Coinbase’s Base App displayed incorrect balances after an Amazon Web Services outage affected multiple crypto platforms. No funds were lost, and the issue was caused by a technical change in how the app shows coin values, while some networks and wallets experienced delays.

Amazon is using AI and machine learning to combat rising impersonation scams, especially during the holiday season. The company has successfully shut down thousands of phishing sites and phone numbers, but stresses the importance of collaboration with other industry players to fight fraud effectively.

Amazon Web Services (AWS) is making a bold move into the nuclear energy sector with plans to invest over $500 million across three new projects in Virginia and Washington state. As AWS expands its cloud computing services and its focus on generative AI, the demand for clean, reliable energy is becoming paramount. Nuclear power, with its carbon-free output, is a key part of Amazon’s broader goal of achieving net-zero carbon emissions.

After years of anticipation and countless user requests, Amazon is finally delivering what Kindle users have long asked for: a color e-reader. The company announced the launch of the Kindle Colorsoft Signature Edition at an event in New York City on Tuesday, marking a major leap forward for its iconic reading device. Priced at $279.99, the Colorsoft is now available for preorder, with shipments set to begin on October 30th.

To reclaim its position as a tech leader, Amazon needs more than just a reboot of Alexa—it requires a comprehensive approach that goes beyond any individual leader and revives its innovation spirit across the organization.