Savannah Born
Big Tech built its reputation on mountains of cash. It is building its AI empire on debt, and the bill is starting to land in Europe. The five biggest builders of AI data centres in the US have doubled their debt over five years. Together, Alphabet, Amazon, Meta, Microsoft and Oracle have piled on about […]
Britain’s banks run on four American clouds. The Treasury reckons two-thirds of UK firms lean on the same handful. Now the regulators are stepping in. The UK has named Microsoft, Google, Amazon and Oracle as “critical third parties” to its financial system, as Reuters first reported. The designation takes effect on 13 July. These are […]
Jeff Bezos is letting outside investors into Blue Origin for the first time since he founded it in 2000. The rocket company is seeking about $10bn in fresh capital at a $130bn pre-money valuation, according to CNBC. For 26 years, Bezos bankrolled the company himself, selling billions in Amazon stock rather than sharing ownership. That solo-funding […]
The company's streaming devices aren't quite keeping up with competitors in several important categories.
Amazon is working on a project codenamed 'Moonraker' that would enable the AI assistant to handle multi-step tasks more effectively.
Amazon has an agentic upgrade for Alexa in the works, codenamed Moonraker. Internal documents show it is also one of the priciest bets in the Alexa+ overhaul. Amazon wants Alexa to act, not just answer. The company has a previously unreported project, codenamed Moonraker, that would let Alexa handle complex, multistep tasks, Business Insider reports, […]
Amazon has gone back to the debt markets for at least $25bn, its largest bond sale of the year and the clearest sign yet of how much the company is prepared to borrow to keep pace in the artificial intelligence race. The offering is split across eight tranches with maturities running from 2029 out to […]
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