Amazon said it will be increasing this year’s capital spending on technology, mostly artificial intelligence, by an additional 10% after the tech and e-commerce giant delivered strong profits and net sales during for fiscal second quarter, helped by surging growth in its prominent cloud computing unit.

Artificial intelligence company Anthropic has signed a new agreement to commit more than $100 billion over the next 10 years to Amazon’s AWS cloud platform to train and run its Claude chatbot.

Amazon says its cloud computing service was recovering from a major outage.

Amazon Web Services will invest another $10 billion to bolster its data center infrastructure in Ohio.

Amazon says it is pouring an additional $2.75 billion into Anthropic, bringing its total investment in the artificial intelligence startup to $4 billion.

Adam Selipsky is shepherding Amazon’s cloud unit at one of the most important moments in tech history.

Amazon employees have been pushing back against the company’s return to office policy for months — and it seems the ecommerce giant’s CEO has had enough.

Amazon on Thursday posted better-than-expected revenue and profits for the second quarter, sending its stock higher in after-hours trading.

Wall Street has its eyes on big tech after some of the biggest companies in the world posted lackluster quarterly financial performances.

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