Tag: Amazon.com Inc

Nvidia’s AI growth remains strong as data center revenue skyrockets by over 400%

Nvidia’s historic rally is being driven by its data center business, which grew at a whopping 427% in the latest quarter as companies keep snapping up its artificial intelligence processors. Now, Nvidia is signaling to investors that the customers spending billions of dollars on its chips will be able to make money off AI, too. […]

Blackstone leads $7.5 billion debt financing for AI startup CoreWeave

CoreWeave, a leading artificial intelligence infrastructure startup, has recently secured a significant amount of funding to further invest in its cloud data centers. After raising $1.1 billion in equity funding, CoreWeave has now raised an additional $7.5 billion in debt financing. The lending round was led by Blackstone’s funds, with participation from Coatue, Carlyle, BlackRock, […]

Businesses turn to sports as Hollywood faces strikes

Last year, media giants relied heavily on sports to attract advertisers during the Upfronts meeting week. This was due to a Hollywood strike and cost-cutting measures that limited their scripted content and star power. Despite the end of the strikes, this year’s presentations continued to emphasize sports over scripted shows. The aftermath of last year’s […]

Warner Bros Discovery holds key to NBA TV rights deal

The National Basketball Association (NBA) is facing a major decision regarding its media rights partners, with Warner Bros. Discovery’s Turner Sports offering a substantial $2.5 billion per-year deal to retain the broadcasting rights. However, Comcast’s NBCUniversal is attempting to swoop in and snatch the package of games, setting the stage for a potential breakup of […]

NFL Games Coming to Netflix for Streaming on Christmas Day

Netflix makes a major move into live sports with the announcement that they will be streaming Christmas Day National Football League games for the next three years. This marks the streaming platform’s first true step into live sports, showing their commitment to expanding their content offerings. The deal will see Netflix streaming two games on […]

Media companies are courting advertisers as they shift their spending to digital platforms

Media giants are making their annual pitches to advertisers this week against the backdrop of significant disruption in the industry. The Hollywood writers and actors strikes are over, meaning Upfronts will likely be star-studded once again, major cost cutting is largely in the rear view mirror, and streaming has fully embraced advertising models. Still, this […]

Anthropic, backed by Amazon, rolls out their Claude AI chatbot in Europe

Anthropic, the artificial intelligence startup backed by Amazon, is making waves in Europe with the launch of its generative AI assistant Claude. This innovative assistant will be available to individuals and businesses through the web and an iPhone app. The paid subscription-based version, Claude Pro, offers access to all models, including Claude 3 Opus, the […]

NRF denies Shein membership as retailer seeks U.S. IPO opportunity

Shein, a Chinese-founded fast fashion giant, is making waves in the U.S. retail industry as it gears up for a potential IPO in the country. However, the company is facing hurdles in winning over the National Retail Federation (NRF), the industry’s largest trade association. Despite its significant revenue and valuation, Shein has been repeatedly rejected […]

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