Fresh off bond sale, Amazon borrows $17.5 billion from banks as AI spending continues

As AI spending continues to climb, the e-commerce giant has taken out a fresh $17.5 billion loan from a small coterie of banks.

Amazon’s Echo speakers can now help kids wind down and fall asleep
Amazon’s Echo speakers can now help kids wind down and fall asleep

Amazon has launched a new feature for its Echo and Echo Kids smart speakers called Sleep Studio that’s designed to make the daily transition to bedtime more enticing for kids and less stressful for parents and caregivers. The feature uses a combination of bedtime stories, relaxing sounds, and guided meditations along with scheduling and customization […]

Pinterest bets on creators with Amazon Storefront integration

Pinterest is adding support for Amazon Storefronts, allowing creators to earn affiliate commissions more easily while showcasing their product recommendations in one place.

Amazon’s UK investment passes £1bn in Northamptonshire with 4,000 jobs, and a floor full of robots
Amazon’s UK investment passes £1bn in Northamptonshire with 4,000 jobs, and a floor full of robots

Amazon is deepening its UK investment, putting more than £1bn into two sites in Northamptonshire and adding over 4,000 jobs in one of the largest single-county commitments of its £40bn UK programme. The company has opened a £500M fulfilment centre in N…

Amazon employees ask Seattle to put the brakes on new data centers
Amazon employees ask Seattle to put the brakes on new data centers

On Tuesday, the Seattle City Council will vote on whether to enact a one-year moratorium on new data centers – just two months after several companies proposed building five large-scale centers in the city. Among the moratorium’s fiercest supporters are current employees from the city’s biggest tech giant, Amazon, who joined others to testify in […]

Cipher Digital raises $810 million in junk bonds to build another Amazon data centre in Texas
Cipher Digital raises $810 million in junk bonds to build another Amazon data centre in Texas

Cipher Digital is raising $810 million from a junk-bond sale to finance a data centre in West Texas that Amazon will lease for 15 years, according to Bloomberg. The deal, pitched at a yield of about 6.25 per cent, will fund the remaining construction c…

FCC gives Amazon Leo more time on satellite deployment but strips its spectrum priority
FCC gives Amazon Leo more time on satellite deployment but strips its spectrum priority

The Federal Communications Commission has freed Amazon from a requirement to deploy the first 1,616 satellites in its Amazon Leo broadband constellation by 30 July, issuing a conditional waiver instead of the two-year extension Amazon requested in Janu…

Amazon is launching AI-generated custom merch
Amazon is launching AI-generated custom merch

Amazon is expanding its print-on-demand features to AI-generated designs created using Alexa for Shopping for products like T-shirts, water bottles, and hoodies. Shoppers can use text prompts to generate images that are then printed on to blanks for sale on Amazon. They can then share the link to the design so other people can buy […]

Amazon now lets you design custom merch using AI

A new feature in the Amazon Shopping app allows users to generate designs with Alexa, then print them on products like T-shirts, hoodies, and tumblers.

Amazon’s billion-dollar Corning deal shows fibre is the new bottleneck in the AI build-out
Amazon’s billion-dollar Corning deal shows fibre is the new bottleneck in the AI build-out

The AI boom runs on chips and electricity. It also runs on glass. Amazon is paying Corning billions of dollars for optical fibre to wire up its rapidly expanding US data centres, the two companies said on Monday. The multi-year agreement will create ab…