Amazon.com Inc. - AMZN STOCK NEWS

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Amazon Web Services (AWS) announced that BYD, the world’s leading manufacturer of new energy vehicles (NEV), has selected AWS as its preferred cloud provider for its connected vehicle platform. BYD, traded as NASDAQ: AMZN, is the leading automaker in NEV sales, selling more than 5 million vehicles across 70 countries and regions. AWS provides a scalable, reliable, and secure foundation for BYD’s core operations, including Amazon S3, Amazon EKS, and Amazon CloudFront, enabling BYD to deliver automated updates that enhance vehicle safety, operation, maintenance efficiency, and the overall driving experience worldwide.

Trip.com Group (NASDAQ: TCOM) collaborates with AWS to drive innovation in travel booking, personalized recommendations, and customer service. The multiyear agreement with AWS will allow Trip.com Group to leverage AWS’s global infrastructure and cloud technologies to expand their business globally, deliver seamless customer experiences, and drive innovation across the travel and hospitality industry. Trip.com Group uses AWS Graviton-powered Amazon Elastic Compute Cloud (Amazon EC2) instances to deliver high performance at a lower price for training large language models (LLMs). The company also unveiled a vertical LLM designed to offer increased accessibility, richer customer experiences, and reliable and personalized travel recommendations. Trip.com Group migrated more than 400 of its international business microservices to AWS, which significantly improved the speed of its air ticket booking system and reduced overall total memory consumption by more than 96%, resulting in substantial cost savings. The collaboration with AWS has also led to the successful launch of the “DreamNowTripLater” live video streams, which has generated $10 million in travel bookings to date. Additionally, Trip.com Group and AWS have developed a four-year training program to provide the company’s technologists with access to AWS Training and Certification’s comprehensive cloud training curriculum and resources.

Axiata Group Berhad (Axiata) (NASDAQ: AMZN) selects AWS as its primary cloud provider, accelerating digital transformation across operating companies to better serve 174 million customers in Southeast Asia and South Asia. The company will migrate over 650 services to AWS, including 80 machine learning applications, by the end of 2024. Axiata will use AWS technologies to inform data-driven business decisions, tailor offerings to new markets, and develop new services across telecommunications, banking, and payments industries. Axiata's operating companies will leverage AWS's security features to deliver the highest levels of security and privacy across its telecom network.

Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), announced Amazon Bedrock innovations at AWS re:Invent. The new additions expand model choice, simplify model customization, and provide safeguards for generative AI applications, transforming organizations' use of generative AI for innovation and customer experiences.

Amazon Web Services, Inc. (AWS) introduces five new capabilities within Amazon SageMaker to help accelerate building, training, and deployment of large language models and other foundation models. The new SageMaker HyperPod reduces training time by up to 40%, while SageMaker Inference reduces deployment costs by 50% and latency by 20%. SageMaker Clarify and Canvas capabilities are also enhanced, with major companies such as BMW Group, Booking.com, Hugging Face, Perplexity, Salesforce, Stability AI, and Vanguard already utilizing these new capabilities.

Aerodyne, a leading drone solutions provider, is running its DRONOS software as a service (SaaS) platform on AWS to help drone operators worldwide grow their businesses. The Malaysia-based startup operates drone solutions for telecommunications, agriculture, surveillance, logistics, and energy industries in 45 countries. Aerodyne has doubled its revenue annually since its inception in 2014, and with AWS, it has reduced its customers’ cellular tower operational costs by an average of 20% and manual data processing costs by more than 70% compared with on-premises infrastructure.

Cathay, a premium travel lifestyle brand that includes Hong Kong's home airline Cathay Pacific, has selected AWS as its strategic cloud provider and is working with AWS to establish the Cathay Machine Learning Innovation Hub. The company plans to upskill 1,000 employees in the next three years and has already reduced IT infrastructure costs by 40% through its collaboration with AWS. The collaboration aims to automate operations and enhance air travel experiences using machine learning and AI technologies.

Amazon Web Services (AWS) is working with Accenture to help Merck (MRK) move its IT infrastructure to AWS, accelerate scientific research and discovery, and transform its value chain. Merck is using AWS analytics and AI services across its divisions, including a manufacturing platform to improve product availability and yield. The cloud migration will enable Merck to redirect resources to other strategic programs, with significant IT operational savings already realized.