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Amazon gets more fuel for AI race

Capital spending under CEO Andy Jassy will go up “meaningfully,” but record operating margins driven by retail, cloud and advertising will ease the pain. ....

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What We Learned From Big Tech Earnings This Week—Enterprise AI is Paying Off

Microsoft, Alphabet, Amazon, Apple, and Meta all reported earnings in recent days, offering key insights into their artificial intelligence plans. ....

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amazon pay: Amazon Pay FY23 revenue growth remains flat at Rs 2,093 crore, losses down 13%

The company s net losses dipped 13% to Rs 1,499 crore in FY23, from Rs 1,740 crore in FY22, mostly driven by a reduction in expenses. ....

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Second-hand shopping a $1-billion-plus business for Amazon in Europe, ET Retail

In the first nine months of 2023, Amazon s sales of second-hand goods in the UK increased by more than 15% on the same period last year. Amazon UK s total revenue in 2022 was 24 billion pounds. ....

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amazon q3 results: Amazon reports better-than-expected revenue and profits for the third quarter

For the three months that ended on Sept. 30, the company said it earned $143.1 billion in revenue, a 13% increase compared to the same period last year. Amazon made $9.9 billion in profits, topping analysts expectations and sending its stocks higher in after-hours trading. ....

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