{ }
Symbol AMZN
Name Amazon.com, Inc.
Currency USD
Sector Consumer Discretionary
IndustryGroup Retailing
Industry Internet & Direct Marketing Retail
Market NASDAQ Global Select
Country United States
State WA
City Seattle
Zipcode 98109-5210
Website http://www.amazon.com
Waymo plans to expand its robotaxi service to Miami, starting with human safety drivers in 2025 and launching the service via the Waymo One app in 2026. This move reflects the company's confidence in operating in challenging weather conditions, building on previous tests in the city. With a recent $5.6 billion funding round, Waymo continues to grow its operations, now offering over 150,000 paid rides weekly across major U.S. cities.
Amazon has partnered with Hinge Health to enhance its digital health benefits program, focusing on musculoskeletal (MSK) care. This collaboration aims to improve access to Hinge Health’s services for over 18 million people, addressing the widespread issue of unawareness regarding available health benefits. Hinge Health's platform combines wearable technology and personalized coaching to help individuals manage and alleviate joint and muscle pain effectively.
The wealth of the world's billionaires has surged by over 120% in the past decade, significantly outpacing the 73% rise in global stock markets, largely due to the dominance of tech entrepreneurs. The number of billionaires increased from 1,757 in 2015 to 2,682 in 2024, with tech billionaires seeing their wealth triple to $2.4 trillion. Despite a recent underperformance in real estate, many billionaires plan to increase investments in this sector and precious metals as safe havens amid global uncertainties.
Jeff Bezos expressed confidence in Blue Origin's future, downplaying concerns about Elon Musk's influence on the Trump administration potentially favoring SpaceX. He highlighted the imminent launch of the New Glenn rocket, awaiting final regulatory approval, and shared his belief that Blue Origin could surpass Amazon in size and success over time.
Jeff Bezos envisions Blue Origin, his space venture, surpassing Amazon's $2.3 trillion valuation, though he admits it is currently not a strong business. At The New York Times’ DealBook Summit, he acknowledged the company's challenges compared to SpaceX but remains optimistic about its future, particularly with the upcoming New Glenn rocket launch.
Amazon Web Services (AWS) has introduced a "Buy with AWS" button, enabling cloud software vendors to sell directly to AWS customers through their websites. This initiative aims to enhance customer and partner loyalty while simplifying the purchasing process, with no fees for software companies embedding the button. Prominent vendors like Databricks and Workday are expected to benefit from increased revenue and faster procurement through this integration.
Telesat's Lightspeed constellation has successfully passed its early design review, advancing towards a critical design review for its 750-kilogram satellites. With plans for 198 satellites and 14 launches contracted from SpaceX starting in mid-2026, Lightspeed aims to provide around 10 terabits per second of capacity, targeting enterprise and government markets. As competition intensifies with Starlink and Amazon's Project Kuiper, Telesat's CEO emphasizes the growing demand for multiple providers in the expanding LEO broadband market.
OpenAI has shifted its stance on military collaboration, now partnering with defense-tech firm Anduril to develop AI models for drone defense, despite previously prohibiting military use of its technology. This pivot aligns with a broader trend in tech, as companies seek lucrative defense contracts amid rising national security demands. OpenAI argues that its involvement in defense can help ensure democratic nations lead in AI development while mitigating civilian harm.
OpenAI has reached a milestone of 300 million weekly active users, as announced by CEO Sam Altman at The New York Times’ DealBook Summit. The company aims to grow to 1 billion users within a year, competing against rivals like Amazon-backed Anthropic and Elon Musk’s xAI. OpenAI's valuation has surged to $157 billion, bolstered by significant investments from Microsoft, while it also recently appointed its first chief marketing officer to enhance its growth strategy.
Consumers are increasingly pushing back against high prices, with major retailers like Target and Walmart responding by reducing prices. However, proposed tariffs from President-elect Trump could lead to new price hikes, as companies may find it easier to pass on costs to consumers than in previous years. Richmond Fed President Tom Barkin notes that while tariffs create inflationary pressure, the actual impact on prices will depend on various factors, including consumer and business responses.

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