Amazon is still tinkering with AI-assisted shopping

Amazon CEO Andy Jassy said monthly active users for its AI shopping assistant Rufus were up 115%. He added that while he expected Amazon to do more work with third-party agents to make AI-driven ...

Meta CEO: There aren't many AI agents out there good enough to give to my mother

When asked on the post-earnings call analysts about the cadence of new AI product releases, after it took 10 months to put out Muse Spark, CEO Mark Zuckerberg said couldn't say, for more reasons than ...

As agentic commerce grows, so could sponsored prompts

As Amazon's advertising business grows, CEO Andy Jassy said more interactions with AI could be sponsored. He said that consumer interactions with AI agents tend to be multi-turn conversations. "In ...

Amazon has been 'scrappy' to deal with high memory prices

Amazon's team has been forced to be "scrappy" to avoid being capacity-constrained by skyrocketing memory-chip prices, an executive told investors on a Wednesday call. "We're just in a stage where ...

Microsoft's CFO defends the company's hefty AI investments

Analysts keyed in on Microsoft's AI spending, with Bernstein's Mark Moerdler asking about the disconnect between ...

Microsoft's stock flips positive after these earnings comments

Microsoft delivered a surprise pickup in Azure revenue growth when it posted March-quarter results on Wednesday afternoon.

AWS's $364 billion backlog doesn't rely on just one customer

Amazon Web Services has a $364 billion backlog, which excludes a new deal with the artificial-intelligence lab Anthropic, a company executive said on Wednesday. The cloud division has been growing ...

Why Microsoft's stock just turned higher

Microsoft's stock has reversed higher after commentary implying cloud trends could improve from here. CFO Amy Hood opened the ...

AI shopping, health agents get shout-outs

If Amazon has its way, more people may be seeking it out not just for shopping advice, but for guidance on some types of health planning. Amazon CEO Andy Jassy called out last month's launch of its He ...

Meta to keep 'investing aggressively' in AI buildout

Meta Chief Financial Officer Susan Li said on the post-earnings call with analysts that the company will be "investing aggressively" in building out its AI services. That investing includes ...

Albany Engineered Composites Secures Long-Term Contract With Pratt & Whitney

Albany Engineered Composites has received a contract from Pratt & Whitney to produce engine components for the aerospace manufacturer through 2036. Under the contract, the engineered parts division of ...

AWS has annualized run rate revenue of $150 billion, Jassy says

Amazon Web Services is bigger than ever, but it's growing as fast as it did when it was much smaller. Amazon Web Services now has annualized run rate revenue of $150 billion, Amazon CEO Andy Jassy ...