London’s AI surge at risk from skills crunch, Amazon warns April 30, 2025 London businesses are embracing artificial intelligence (AI) faster and more comprehensively than the rest of the UK, but the capital’s acute digital skills shortage risks limiting the broader economic gains from this progress. New research from Amazon Web Services (AWS) revealed exclusively to City AM that 67 per cent of London-based businesses have now adopted [...]
Bezos takes on Musk as Amazon launches Starlink rival April 29, 2025 Amazon has launched 27 satellites for Project Kuiper, its long-planned broadband network designed to rival Elon Musk’s Starlink. The satellites lifted off aboard a United Launch Alliance (ULA) rocket from Florida last night, after an earlier attempt was postponed due to bad weather conditions. The launch marks the beginning of Amazon’s deployment of over 3,200 [...]
Amazon shares soar as it shatters Wall Street forecasts November 1, 2024 Amazon’s shares jumped over six per cent in after-hours trading after the e-commerce giant breezed past third quarter expectations. The boost from investors would lift the Seattle-headquartered company’s market cap, which currently stands at $1.95t, beyond the $2t mark. It posted quarterly revenue of $158.9bn (£123.3bn), beating analyst predictions of $157.2bn (£121.9bn), and a year [...]
NFL: How data can help drive down concussion and injuries October 1, 2024 The NFL has a long and complex relationship with brain injuries and concussions. In 2021 a $1bn settlement saw the American football league agree to end race-based adjustments in dementia testing relating to black retirees. Just over a decade ago the New Orleans Saints were caught up in “Bountygate” after awarding their players non-contract bonuses [...]
The Capitalist: Labour’s no-Party Conference; Rightmove’s drama Down Under; R.I.P. our dots September 26, 2024 Dispatches from Labour Party Conference, Rightmove's hopping executives, and more: catch up on the latest City gossip in The Capitalist.
Amazon Web Services plots £8bn investment in UK data centres September 11, 2024 Amazon Web Services (AWS) is planning to invest £8bn to build, maintain and operate a number of data centres in the UK over the next five years. The tech giant’s cloud division estimates the cash injection will contribute £14bn to the UK’s total gross domestic product (GDP) through to 2028, and will support an average [...]
Lloyds Bank hires Amazon Web Services exec for first new AI director role August 5, 2024 Like many other businesses, banks are looking to use AI to improve stagnant productivity growth and cut costs.
Amazon: AWS, Prime and AI set to drive first-quarter earnings April 28, 2024 Analysts said that Amazon has recently got its mojo back after losing momentum over the last few years.