Amazon Com Stock Price, News & Analysis

Amazon Web Services (AWS) and BMW Group have announced a strategic partnership to develop customizable cloud software aimed at enhancing data management for connected vehicles. This collaboration will enable BMW to streamline the distribution of vehicle data and create advanced features for drivers. With an expected increase in data processing capabilities, the software will eventually be available to other automakers, promoting innovation in vehicle applications and improving efficiency in fleet management. This partnership signifies AWS's continued growth in the automotive sector.

Amazon Web Services (AWS) has launched the Trn1 instances, powered by AWS Trainium chips, designed for high-performance training of machine learning models. These instances promise up to 50% cost savings compared to traditional GPU instances while delivering the fastest training times on AWS. With features like 800 Gbps networking bandwidth and support for advanced data types, Trn1 aims to enhance efficiency for applications in natural language processing and more. Customers can deploy these instances without upfront fees, paying only for the compute used.

Amazon (NASDAQ: AMZN) is expanding its workforce by hiring 150,000 employees across the U.S. for full-time, seasonal, and part-time roles, with an average pay of over $19 per hour. The company is investing nearly $1 billion in additional pay over the next year, with sign-on bonuses of up to $3,000 in select locations. Positions vary from packing to sorting, and many seasonal employees may transition into full-time roles. Amazon aims to provide comprehensive benefits, including health insurance and career advancement opportunities.

Amazon has unveiled its Prime Early Access Sale scheduled for October 11-12, providing exclusive discounts for Prime members on thousands of products. Notable offers include 80% off select Fire TV smart TVs, 50% off JBL, Sony, and Bose audio products, and first-time 15% off Peloton Bikes. The event will showcase deals across various categories, including electronics, home goods, and toys, highlighting support for small and medium-sized businesses. Prime members will also receive 20% off Grubhub orders and promotional credits for gift card purchases.

Amazon announces the launch of Amazon Catalytic Capital, a new initiative investing $150 million in VC funds supporting underrepresented founders. This program aims to support over 200 companies through mentorship and resources while focusing on Black, Latino, Indigenous, women, and LGBTQIA+ entrepreneurs. Initial investments include Collide Capital, Elevate Future Fund, Share Ventures, and TechStars. The initiative addresses historical funding inequities, aiming to catalyze economic growth and job creation in underserved communities.

Amazon Web Services (AWS) has introduced two new statistics—Win Probability and Pressure Handling—as part of the Bundesliga Match Facts, enhancing insights into match dynamics. Win Probability tracks shifts in a team’s chances to win, while Pressure Handling identifies players' escape rates under pressure, utilizing comprehensive match data. These updates, launching on Matchday 8, expand the AWS-powered statistics to a total of 12, leveraging 3.6 million real-time data points for more engaging fan experiences.

Amazon Web Services (AWS) and SK Telecom have announced a collaboration to develop new computer vision services at the Mobile World Congress in Las Vegas. This initiative aims to simplify and reduce the costs of building and scaling computer vision applications, enhancing productivity and operational safety across various sectors, including agriculture and manufacturing. The services will leverage SK Telecom's AI models and AWS's edge services, enabling organizations to analyze data flexibly at the edge, in the cloud, or on-premises.

Amazon has announced the continuation of its Community Lending program in partnership with Lendistry, aimed at supporting small businesses in underserved communities. Following a successful pilot, the program has provided over $35 million to more than 800 sellers, exceeding its initial $10 million target. Over the next three years, it plans to deploy $150 million in loans ranging from $10,000 to $250,000. These funds will assist businesses in inventory expansion, staffing, and marketing.