Amazon shares fell 8.8 percent on August 2 due to a larger market trend, wiping out $134 billion of the tech company’s market value, according to Bloomberg. According to the Bloomberg Billionaire Index, billionaire founder Jeff Bezos, one of the richest individuals on the planet, lost $15.2 billion of his net worth to settle at…
Amazon Pay is collaborating with the National Payments Corporation of India (NPCI) to introduce credit options for customers on the unified payments interface (UPI). Vikas Bansal, the whole-time director of Amazon Pay India, emphasized that their objective is to innovate in collaboration with NPCI. Introducing credit on UPI is a significant initiative, and they are…
Nvidia, the semiconductor powerhouse renowned for its AI innovations such as ChatGPT, is swiftly closing in on Apple‘s position as the world’s second-most valuable company. In an astonishing surge fueled by advancements in artificial intelligence, Nvidia’s market capitalization has skyrocketed from $1 trillion to over $2 trillion in a mere nine months. Along this meteoric…
Amazon Q4 results: According to Nuvama, the cost takeout measure of clients has slowed down, and the results of all three hyper scalers—Amazon, Azure, and GCP—show an improvement in the overall growth trajectory this quarter. Growing cloud computing is good news for Indian IT companies, according to domestic brokerage Nuvama Institutional Equities, which released better-than-expected…
