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Amazon's Zoox wins first US approval for driverless robotaxis
Reuters Videos5d agobullishVIDEO
Amazon's Zoox wins first US approval for driverless robotaxis

<body><p>STORY: :: Archive</p><p>What if your next driverless taxi had no steering wheel? That may soon become a reality.</p><p>Amazon-owned Zoox has won the first U.S. approval for commercial deployment of a robotaxi built without traditional human controls.</p><p>The approval came from the National Highway Traffic Safety Administration, or NHTSA...</p><p>allowing the company to begin charging for rides in Las Vegas once it completes state requirements.</p><p>Here's NHTSA administrator Jonathan Morrison.</p><p>"Since our standards get into performance requirements for specific aspects such as braking performance, they provided information and we received public comment, and we made that determination that their vehicle as equipped, can meet all of those requirements and in fact, exceed those."</p><p>The vehicle looks very different from a conventional car.</p><p>It's an electric, carriage-style robotaxi with two rows of inward-facing seats and a top speed of 75 miles per hour.</p><p>Federal officials say Zoox can deploy up to 2,500 vehicles in each of the next two years.</p><p>The move comes as companies including Alphabet's Waymo and Elon Musk's Tesla race to expand driverless ride-hailing services across the U.S.</p><p>The green light comes with added oversight.</p><p>U.S. regulators say the firm must report issues including crashes and inappropriate stops.</p><p>Authorities also retain the power to revoke the exemption if major safety concerns emerge.</p></body>

Amazon Raised 2026 CapEx by $20 Billion— but CEO Andy Jassy Won't Say How It's Paying for It: 'Nothing to Share...'
Benzinga5d agoneutral
Amazon Raised 2026 CapEx by $20 Billion— but CEO Andy Jassy Won't Say How It's Paying for It: 'Nothing to Share...'

Just weeks after its latest bond sale, Amazon.com Inc. (NASDAQ:AMZN) told Wall Street it now needs an additional $20 billion in capex beyond its original plan. On Thursday, CEO Andy Jassy announced the e-commerce giant is raising its 2026 capital spending target from $200 billion to $220 billion, due to soaring memory chip prices. During the second-quarter earnings call, when an analyst asked about Amazon’s funding strategy for future AI and infrastructure expansion, Jassy demurred: "Nothing to

The Bull Case For Amazon.com (AMZN) Could Change Following Surging AWS Growth And Record AI Capex - Learn Why
Simply Wall St.5d agoneutral
The Bull Case For Amazon.com (AMZN) Could Change Following Surging AWS Growth And Record AI Capex - Learn Why

In the past week, Amazon.com reported second-quarter 2026 results with net sales of US$200.61 billion and net income of US$62.65 billion, driven by a very large contribution from its Anthropic investment and rapid growth at Amazon Web Services (AWS), which expanded revenue by 37% to more than US$42 billion. Alongside this, Amazon raised its 2026 capital expenditure outlook to US$220 billion and guided third-quarter net sales to US$197.0–US$202.0 billion with higher operating income,...

Amazon Stock Pops 9.5% After-Hours as AWS Fuels Earnings Beat: Jim Cramer Calls it 'Astonishing'
Benzinga5d agobullish
Amazon Stock Pops 9.5% After-Hours as AWS Fuels Earnings Beat: Jim Cramer Calls it 'Astonishing'

Amazon.com, Inc. (NASDAQ:AMZN) shares jumped Thursday after the company delivered stronger-than-expected second-quarter earnings, with investors and analysts praising accelerating Amazon Web Services profitability as evidence that returns on artificial intelligence investments are beginning to materialize. Cramer Calls Amazon ‘Astonishing’ After AWS Delivers CNBC host Jim Cramer called the results “astonishing,” in a post on X, though he said Microsoft Corp. (NASDAQ:MSFT) remains the standout am

Amazon.com Q2 Earnings Call Highlights
MarketBeat5d agoneutral
Amazon.com Q2 Earnings Call Highlights

Amazon.com (NASDAQ:AMZN) reported second-quarter revenue of $200.6 billion, up 20% year over year excluding foreign-exchange effects, while operating income rose 43% to $27.5 billion. CEO Andy Jassy highlighted accelerating growth at Amazon Web Services, expansion in faster retail delivery and groce

Amazon beats expectations with cloud and AI growth
AFP5d agobullish
Amazon beats expectations with cloud and AI growth

Amazon beat analysts' expectations on Thursday when it reported growth in overall revenue and sales, particularly in its cloud, artificial intelligence and chips divisions. The company meanwhile said that two of its AI-related divisions grew by "triple-digit percentages" -- its AI cloud and chips businesses each "exceeded" $25 billion annual revenue run rates, a measure of recurring sales. 

Amazon Gains in Postmarket After Earnings Report
Bloomberg5d agoneutralVIDEO
Amazon Gains in Postmarket After Earnings Report

Amazon 2Q earnings beat Wall Street estimates Tuesday, sending stocks climbing in after hours trading. The company reporter its 5th straight quarter of cloud share growth, the 37% increase being the fastest for Amazon since the end of 2021. Bloomberg Intelligence Senior Analyst for E-Commerce Poonam Goyal, and Bloomberg Intelligence Senior Technology Analyst Anurag Rana break down the earnings numbers as they roll in.

Amazon CEO: AWS could be a 'trillion-dollar' business
Yahoo Finance Video5d agoneutralVIDEO
Amazon CEO: AWS could be a 'trillion-dollar' business

Amazon (AMZN) CEO Andy Jassy explained on the company's earnings call that while the company expects to spend approximately '$220 billion in cash capex in 2026' to meet soaring demand, he believes AWS could 'very possibly be a trillion-dollar annual revenue business for us in time.'