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Corning shares jump 9% after striking deal to power Amazon AI data centers in U.S.

Amazon is paying Corning billions of dollars for optical fiber to power and connect its rapidly expanding U.S. data centers, the latest megadeal featuring two companies at the center of the artificial intelligence boom. The agreement, announced Monday, will play out over several years and create 1,000 jobs at Corning's North Carolina factories, the companies said. Corning's fiber optic cable and networking solutions are becoming essential elements of AI infrastructure because they enable...

CNBC 2d ago

Amazon unveils new AI warehouse robot in $12 billion Europe push

Amazon unveils new AI warehouse robot in $12 billion Europe push DARTFORD, England June 4 : Amazon on Thursday unveiled an upgraded AI-powered mobile robot for its warehouses that can respond to conversational prompts, as part of a €10 billion ($11.6 billion) investment in its European fulfilment network. The Seattle-based e-commerce giant showcased the next-generation Proteus robot at its "Delivering the Future" event at its Dartford fulfilment centre east of London, as it works to speed up...

Channel News Asia 6d ago

Amazon's AI-generated shopping experts now let you ask questions

Amazon's AI-generated shopping experts now let you ask questions Rejoice: The Amazon app now lets you ask real shopping questions to its fake podcasters — it's an addition to the "Hear the highlights" AI feature the company introduced last year. Before, the short audio summaries were generated from an unalterable script. Now, the dialogue can adapt to your spoken or typed questions.

Engadget 41d ago

Amazon shuts down 'employee AI leadership board' & the reason is rising costs

Amazon has reportedly deactivated an internal AI usage leaderboard after employees "tokenmaxxing" to inflate their scores, leading to increased computing costs. The move highlights growing concerns for tech companies about rising AI expenses, as Amazon shifts focus to "normalised deployments" measuring useful code creation over raw token consumption.

Times of India 12d ago

Amazon is launching AI-generated custom merch

Amazon is expanding its print-on-demand features to AI-generated designs created using Alexa for Shopping for products like T-shirts, water bottles, and hoodies. Shoppers can use text prompts to generate images that are then printed on to blanks for sale on Amazon. They can then share the link to the design so other people can buy the same custom item.

The Verge 2d ago

'Sloppenheimer:' Amazon Employees Mock the Company's AI on Slack

Amazon founder Jeff Bezos believes that artificial intelligence is going to lead to unprecedented productivity gains which could result in cheaper food, housing, and two income households deciding that they no longer need two incomes. Internally, Amazon employees mock the company’s AI tools, refer to its output as “slop,” and joke about the company’s failed attempt to motivate employees to use AI tools effectively. This post is for paid members only Become a paid member for unlimited ad-free...

Hacker News 1d ago

Amazon Is Making an AI-Animated ‘Good Advice Cupcake’ TV Show. Its Original Creator Is Furious

Amazon is making an AI-animated TV show based on The Good Advice Cupcake, a character created by Loryn Brantz for BuzzFeed. The company licensed the character for the new series without Brantz's consent, sparking her outrage. The show will feature AI-generated animation and is set to be released on Amazon's streaming platform.

Wired 11d ago

Amazon Inks $17.5 Billion Loan as AI Borrowing Frenzy Ramps Up

Deals Amazon Inks $17.5 Billion Loan as AI Borrowing Frenzy Ramps Up Soon after selling the biggest Canadian corporate bond sale on record, Amazon.com Inc. inked another multi-billion dollar financing as spending on artificial intelligence soars. A group of banks including Citigroup Inc. have agreed to make a $17.5 billion term loan available until the end of September, according to a filing on Wednesday. Every time the company borrows under the delayed draw loan, it has three years from the...

Bloomberg Markets 6h ago

Amazon Web Services, Microsoft and NVIDIA will provide AI tech to Pentagon

Amazon Web Services, Microsoft and NVIDIA will provide AI tech to Pentagon You can add Amazon Web Services, Microsoft and NVIDIA to the growing list of tech giants that have decided to give the US Defense Department access to their AI tools. According to Bloomberg, the three companies — alongside a forth, Reflection AI — have signed agreements granting the Pentagon use of their AI technologies "for lawful operational use" on classified military networks. "These agreements accelerate the...

Engadget 40d ago

Corning strikes another multibillion-dollar AI deal. What the new Amazon pact means for the stock

Corning stock surged Monday after the company inked a major data center deal with Amazon — the latest in a string of high-profile wins for the Club holding. Amazon said it will pay Corning billions of dollars for optical fiber in the coming years to support its growing data center footprint. The investment will allow Corning to expand production and create 1,000 new jobs at its North Carolina manufacturing facilities.

CNBC 1d ago