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Amazon Web Services said drone strikes caused structural damage to its UAE and Bahrain data centers, disrupting key services, prompting prolonged recovery efforts and customer migration warnings, while Amazon.com Inc. shares edged lower.
Tech stocks fell broadly in February on fears of AI disruption. Amazon said it would spend in $200 billion in capex this year.
Amazon Web Services said Monday that two of its data centers in the United Arab Emirates were "directly struck" by drones. A facility in Bahrain was also taken offline after it was damaged by a nearby drone strike.
Amazon said three of its data centers in the Middle East were damaged by drone strikes due to the US-Iran conflict in the region. Two facilities in the United Arab Emirates sustained direct hits, while a third facility in Bahrain was damaged by a drone strike "in close proximity," the company said in an update on its AWS cloud service dashboard on Monday afternoon.
Amazon's cloud unit AWS said on Monday its facilities in the UAE and Bahrain were impacted by drone strikes amid the Middle East conflict.
Amazon unit Amazon Data Services is acquiring George Washington University's Virginia Science and Technology campus for $427 million, the university said on Monday.
Stock News Oil surge hits travel, lifts energy: As the Strait of Hormuz faces attacks and insurers pull coverage, oil jumped ~6% and diesel spiked, pressuring a
Artificial intelligence (AI) could help many areas of Amazon's business. However, Amazon plans to invest heavily in AI this year, and that has spooked investors.
Amazon halts e-commerce operations in Abu Dhabi amid Middle East instability. Amazon employees in Saudi Arabia and Jordan are advised to stay indoors due to regional tension.
Amazon's rising cloud and AI expenses are weighing down its stock. But it will keep growing for the foreseeable future.
The survey reveals 23% of institutional credit investors say an artificial intelligence (AI) bubble is their biggest worry.
OpenAI has moved swiftly to consolidate its position with the Pentagon after Anthropic was threatened with an unprecedented âsupply chain riskâ designation
Amazon.com Inc. (AMZN) is beginning to test investor patience as its artificial intelligence ambitions collide with rising capital intensity. After a 12% declin
Media companies in the US are moving as the deal for Netflix to acquire Warner Brothers Discovery had fallen through, with Paramount looking to purchase it now.
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It is the latest commitment from the tech company as it seeks to cash in on unrelenting demand for artificial intelligence.
NEW YORK--(BUSINESS WIRE)---- $AMZN #AI--Smartly and Amazon DSP integrate to streamline social and CTV campaigns with AI-driven creative and cross-channel measurement.
Investors have been nervous about an AI correction for months. By all appearances, that correction has now arrived.
These dominant consumer-facing companies each have their own investment merits.
War on Iran dominates headlines, Buffett's final quarter at Berkshire, and more