Amazon jumps as AWS growth soothes fears over its AI spending

31-07-2026 13:39 via thenextweb.com

Amazon jumps as AWS growth soothes fears over its AI spending

Amazon shares jumped more than 12% after its cloud division posted its fastest growth in over four years, easing investor fears that the company’s ballooning AI spending was running ahead of the payoff. Amazon Web Services grew 37% in the second quarter, well past the roughly 31% analysts expected, adding something like $300bn to Amazon’s […]
This story continues at The Next Web

Read more »

The Real AI Advantage Begins When Entrepreneurs Stop Limiting Their Own Potential

The Real AI Advantage Begins When Entrepreneurs Stop Limiting Their Own Potential

GM is building its own in-vehicle AI assistant because Google’s Gemini cannot access what the car knows

GM is building its own in-vehicle AI assistant because Google’s Gemini cannot access what the car knows

Fusion’s best-funded bet raised another $1bn, and hired the banker who took Moderna public

Fusion’s best-funded bet raised another $1bn, and hired the banker who took Moderna public

Everyone else is shrinking satellites. K2 raised $500m to build giant ones, and put AI in orbit.

Everyone else is shrinking satellites. K2 raised $500m to build giant ones, and put AI in orbit.

The unsexy layer AI agents actually need: DataBahn raises $40m to sell it

The unsexy layer AI agents actually need: DataBahn raises $40m to sell it

The chips that wire GPUs together are the new prize. Xsight raised $300m to sell an open one.

The chips that wire GPUs together are the new prize. Xsight raised $300m to sell an open one.

A $2 sticker defeats the one feature holding Meta’s ‘pervert glasses’ together

A $2 sticker defeats the one feature holding Meta’s ‘pervert glasses’ together

Oracle put its cloud rival’s AI inside its business apps, and the stock jumped 8%

Oracle put its cloud rival’s AI inside its business apps, and the stock jumped 8%

AI search is fragmenting, ageing and filling with ads

AI search is fragmenting, ageing and filling with ads

The EU clears the $55bn Saudi-led buyout of EA under its subsidy rules

The EU clears the $55bn Saudi-led buyout of EA under its subsidy rules

Brazil banned Bolsonaro from speaking. His AI avatar spoke anyway.

Space-Eyes, backed by Eric Trump, plans a $638m SPAC debut

Space-Eyes, backed by Eric Trump, plans a $638m SPAC debut

AI labels become compulsory on authentic-looking content under EU rules

AI labels become compulsory on authentic-looking content under EU rules

Indian police open a case against Meta’s India head over altered videos of Modi

Indian police open a case against Meta’s India head over altered videos of Modi