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Amazon (AMZN) Is Launching 5,100 Satellites For Global Phone Connectivity
Simply Wall St.19d 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...

Cheaper Amazon cloud rival files for Chapter 11 bankruptcy
TheStreet20d agobearish
Cheaper Amazon cloud rival files for Chapter 11 bankruptcy

Storj Labs, one of the earliest companies to try building cloud storage on a blockchain, has filed for Chapter 11 bankruptcy, the latest crypto business to buckle in a punishing week for the industry. The company filed on July 26 in the U.S. Bankruptcy Court for the Northern District of West ...

Here’s How Microsoft’s Mistral Partnership Could Strengthen Azure’s AI Leadership
Insider Monkey20d agobullish
Here’s How Microsoft’s Mistral Partnership Could Strengthen Azure’s AI Leadership

Microsoft Corporation (NASDAQ:MSFT) is seeking to position itself as the platform of choice for enterprise frontier AI adoption. It is part of the company’s strategy of extending its cloud platform, Azure, beyond traditional infrastructure into the foundation for nmext-generation AI computing. That was evident on July 21, as the software giant confirmed the expansion of […]

Why all eyes are on Meta & Amazon earnings this week
Yahoo Finance Video20d agoneutralVIDEO
Why all eyes are on Meta & Amazon earnings this week

It's a big week for tech earnings, with Amazon (AMZN), Apple (AAPL), Meta (META), and Microsoft (MSFT) all set to report quarterly results. Yahoo Finance Senior Reporter Brooke DiPalma and Argent Capital Management portfolio manager Jed Ellerbroek discuss their expectations for the upcoming reports. Yahoo Finance's AlphaSpace is a premium investment platform that combines data, charting, news, analysis, and more to help retail investors understand markets.

Amazon's Halloween shop is a must for Summerween and beyond — from $7
TheStreet20d agoneutral
Amazon's Halloween shop is a must for Summerween and beyond — from $7

Summertime is all about enjoying the outdoors and warm weather, from backyard hangouts to beach trips. But there's been a long-time trend of combining summer fun with one particular fall holiday, Halloween. Commonly referred to as "Summerween," it's a time for Halloween lovers to celebrate ...

AI spending in focus ahead of Mag 7 earnings
Yahoo Finance Video20d agoneutralVIDEO
AI spending in focus ahead of Mag 7 earnings

Four of the Magnificent Seven are set to report earnings this week. Neuberger senior research analyst Dan Flax joins Julie Hyman on Market Catalysts to discuss whether investors should be concerned about soaring AI spending as tech giants ramp up capital expenditures (capex).

Amazon's Leo Starlink Challenger Plans For More Satellites, Mobile Connectivity
Investor's Business Daily20d agoneutral
Amazon's Leo Starlink Challenger Plans For More Satellites, Mobile Connectivity

Amazon is eyeing a major expansion of its satellite array to compete in the direct-to-phone market against the SpaceX-owned Starlink and others. Amazon stock ticked higher Monday. The Seattle-based tech giant has filed an application with the Federal Communications Commission to launch 5,105 low Earth orbit satellites designed to deliver "direct-to-device" connectivity in 2028, according to a company blog post.