Amazon has entered into a definitive agreement to acquire Globalstar in a deal valued at $11.57 billion, marking a significant expansion of its satellite internet strategy as it seeks to compete with SpaceX’s Starlink network. The companies formally signed the agreement on Monday, April 13, 2026, with the transaction publicly announced on Tuesday, April 14, 2026. The acquisition represents a major step in Amazon’s broader push into low Earth orbit connectivity under its Amazon Leo

​OpenAI is reworking its approach to artificial intelligence-driven shopping, stepping back from its earlier push into instant checkout and shifting toward an app-based retail model within ChatGPT. The move comes months after the company introduced a feature that allowed users to complete purchases directly inside the chatbot, a concept that initially attracted strong interest from major ecommerce players. Retailers such as Etsy, Walmart and Shopify had quickly aligned with the initiative,

Amazon is currently navigating two contrasting stories: massive layoffs and grand future ambitions tied to artificial intelligence. Recently, Amazon CEO Andy Jassy revealed his revised vision for Amazon Web Services (AWS), which he now believes could reach a staggering $600 billion in annual revenue, roughly Rs 55,00,000 crore. This projection has been significantly boosted by the rapid growth of AI, which Jassy sees as a game changer for AWS's future. Initially, he had anticipated AWS becomi

Anni Chen, a software engineer at Amazon, has revealed that AI toolsnow help

Amazon has initiated another round of layoffs, this time impacting its robotics division. At least 100 white-collar jobs have been affected, focusing on the team responsible for designing and managing the company's warehouse robots and automation systems. These layoffs come just two months after Amazon’s massive job cuts in January, which saw around 16,000 global positions eliminated. The layoffs are part of Amazon's broader restructuring efforts aimed at improving efficiency and

In a rapid escalation of tensions, Iran struck a US tanker in the northern Persian Gulf hours after a US submarine torpedoed the Iranian warship IRIS Dena, killing 87 Iranian sailors. The Islamic Revolutionary Guard Corps (IRGC) claimed responsibility for the attack on the American tanker, which was reported to be on fire by Iranian state media. This move comes as Iran's foreign minister warned the US would "bitterly regret" its attack on the Iranian vessel, located off the coast of Sri Lanka

Amazon has overtaken Walmart to become the world’s largest company by annual revenue, marking a historic shift in the long-running rivalry between the two retail giants. Walmart reported revenue of $713.2 billion for its most recent fiscal year, narrowly trailing Amazon’s $716.9 billion. The development had been anticipated for months after Amazon first exceeded Walmart in quarterly sales roughly a year ago, signaling a gradual but decisive change in the competitive landscape. W

Big technology stocks traded unevenly on Monday as investors attempted to stabilize after a turbulent week that erased more than $1 trillion in combined market value across the sector. While several large-cap names posted gains on renewed optimism around artificial intelligence and cloud demand, others slipped as concerns lingered over rising capital expenditure and broader market volatility. Oracle led the advance, climbing about 9 percent after receiving an upgrade from D.A. David

United Parcel Service announced Tuesday that it plans to eliminate approximately 30,000 positions during the current year as the company continues to wind down its longstanding business relationship with Amazon and executes a broader, multi-year turnaround strategy. The workforce reduction is expected to be driven primarily by lower shipping volumes connected to the gradual exit from Amazon-related operations. Speaking during a conference call with analysts following the release of

​Anthropic announced plans on Wednesday to invest $50 billion in a large-scale U.S. artificial intelligence infrastructure initiative, beginning with new data center projects in Texas and New York. The company said the facilities will serve as core components of its long-term strategy to accelerate research and support enterprise clients across industries that depend on high-performance AI systems. The data centers will be developed in collaboration with Fluidstack, an AI cloud platfo

Amazon Web Services (AWS) CEO Matt Garman recently emphasized the company’s confidence in its AI investments, despite laying off 14,000 corporate employees worldwide. The cuts, which represent about 4% of Amazon’s corporate workforce, come amid efforts to streamline management and focus resources on the company’s biggest strategic bets, particularly AI. Central to Amazon’s AI push is Project Rainier, an $11 billion AI data center in Indiana, purpose-built to train and run AI

Amazon is preparing for its biggest round of corporate job cuts since 2022, with plans to eliminate up to 30,000 positions starting Tuesday. The move affects nearly 10% of its corporate workforce and follows years of smaller layoffs across divisions such as devices, HR, and operations. Sources suggest that the job cuts will impact multiple departments, including Amazon Web Services (AWS), human resources (PXT), and corporate operations. Managers have reportedly undergone training on how to co

Walmart Inc. has temporarily halted its job offers to candidates requiring H-1B work visas, according to people familiar with the company’s internal hiring policy. The decision follows the Trump administration’s recent move to impose a $100,000 application fee on new H-1B petitions — a significant shift in immigration policy that has prompted widespread reassessment among U.S. corporations employing international talent. The temporary hiring freeze primarily affects Walmart’

In today’s competitive business landscape, data has become the most valuable resource for making smart, timely decisions. Amazon Web Services (AWS) AI is helping organizations unlock the full potential of their data by providing advanced tools for analysis, automation, and prediction. From startups to large enterprises, AWS AI offers scalable and cost-effective solutions that make it easier to gain insights, improve customer engagement, and streamline ope

A plan to demolish a longstanding bowling alley in Deer Park and replace it with a self-storage facility has drawn significant pushback from residents, many of whom voiced their opposition during a recent town planning board meeting. The proposed project would see the removal of Strike 10 Lanes, located at the corner of Long Island and Irving Avenues, and the construction of a two-story, 17,000-square-foot self-storage facility with a basement in its place. Residents described the

Landing a job at major tech companies like Amazon, Microsoft, or Meta can seem like a daunting task, especially for newcomers. However, a former software engineer who has worked at all three companies shares three key insights that helped him succeed despite not having a typical tech background. His advice focuses on practical steps that can make a big difference in your job application journey.

President Donald Trump’s authorization of military strikes on three key Iranian nuclear sites has triggered strong reactions across the world. In a national address on Saturday night, Trump declared that the targeted nuclear enrichment facilities were “completely and totally obliterated,” warning that Iran must choose peace or face “far greater and a lot easier” future strikes. He called Iran “the bully of the Middle East” and framed the military acti

US President Donald Trump has described recent military strikes on Iranian nuclear sites as an act of "obliteration," even as official assessments continue to question the extent of the actual damage inflicted. The strikes, which targeted three major nuclear facilities in Iran early Sunday morning local time, have triggered a wave of scrutiny over how significantly Tehran’s nuclear program was impacted. Trump, however, insisted the damage was monumental and backed his claims w

The Israel-Iran conflict has escalated dramatically, entering its third consecutive day with intense missile exchanges resulting in significant casualties on both sides. Iran reports at least 224 fatalities, including senior military