#MetaPlatforms Inc , valued at about $670 billion as of last close, clinched the trillion-dollar market capitalization milestone in 2021, while #Apple Inc, #Alphabet Inc, #Microsoft Corp and #Amazon Inc are the other #US companies that are part of the club.



Read here: https://www.livemint.com/market/stock-market-news/nvidia-becomes-first-us-chipmaker-valued-at-over-1-trillion-joins-exclusive-faang-group-11685451115730.html

The market value of chip maker #Nvidia briefly hit $1 trillion for the first time on Tuesday, giving it a seat among the likes of #Apple, #Microsoft and #Amazon.

https://www.livemint.com/specials/have-megafirms-like-nvidia-grown-too-big-investors-believe-they-are-only-getting-started-11685529413380.html

The protest by the #Amazon employees comes a week after Amazon's annual shareholder meeting and a month after a policy took effect returning workers to the office three days per week.



Read here: https://www.livemint.com/companies/news/amazons-1-900-employees-to-protest-layoffs-wfo-mandate-climate-impact-in-mass-walkout-11685617192283.html

#Amazon earlier revised its target of cumulative exports from #India from $10 billion to $20 billion by 2025 citing demand for Indian products such as toys, home textile, textiles, handicrafts, packaged foods in overseas markets.



Read here: https://www.livemint.com/companies/news/amazon-global-selling-to-surpass-8-bn-in-cumulative-exports-from-india-in-2023-11688575389778.html

#Amazon has shared an update on the acceptance of ₹2000 banknotes on cash on delivery services.

As per Amazon's FAQ on ‘using Rs. 2,000 notes for Cash on Delivery (COD) Payments and Cashloads’, the e-commernce company has said that starting from 19 September, they will stop accepting ₹2000 currency notes as cash.

Read more: https://www.livemint.com/news/india/amazon-to-stop-accepting-rs-2000-notes-for-cash-on-delivery-services-from-this-date-details-here-11694656411589.html

E-commerce giant #Amazon has agreed to invest as much as $4 billion in #Anthropic, an #AI startup, for a minority stake, in an effort to become a major player in generative artificial intelligence.

Read more: https://www.livemint.com/companies/news/amazon-to-invest-up-to-4-billion-for-minority-stake-in-ai-startup-anthropic-11695654237083.html

#Microsoft is poised to welcome #Amazon as a significant client for its cloud-based 365 productivity suite. Valued at over $1 billion, the deal marks a milestone for the two tech giants, who have typically been strong competitors and seldom collaborated on this scale.

The report also cites that Amazon has committed a hefty sum for a time frame extending beyond five years.

Read more: https://www.livemint.com/companies/news/microsoft-to-welcome-amazon-as-client-in-landmark-1-billion-deal-report-11697596743702.html

#Amazon is planning to introduce prescription drug deliveries via drones, becoming the latest company to explore the use of drone technology for the distribution of medications.

Residents of College Station, Texas can opt for drone-based prescription deliveries, with a promised delivery time of 1 hour from the moment they place their order.

Read more: https://www.livemint.com/news/you-can-now-get-drones-to-deliver-your-amazon-packages-if-you-are-in-us-italy-or-11697676273471.html

A New York-based software professional has revealed that they gave up a ₹1.69 crore job after the company they were working with asked them to return to office.

The techie is known to be a former employee of #Amazon. They worked as a software development manager in Amazon, which they quit upon being asked to return to office.

Read here: https://www.read.ht/RDXK

#Amazon acquired livestreaming platform #Twitch is set to #layoff at least 500 employees, or about 35 per cent of their staff, a report by Bloomberg, quoting people familiar with the developments said.

The latest layoff joins the list of job cuts in the company.

Read here: https://www.read.ht/Rdjq

#Amazon said it will lay off several hundred employees in its Prime Video and Amazon MGM Studios.

Read more: https://read.ht/Rdvy

#JeffBezos has offloaded #Amazon shares worth $12 million this week. According to recent stock market filings, the sales took place on Wednesday and Thursday and netted just over $2 billion.

Notably this is the first time billionaire Jeff Bezos has sold the company’s stock since 2021.

Read more: https://www.read.ht/RvQT

Here's a compilation of interesting numbers that matter!

Read the #NewsInNumbers on Mint app every weekday: https://mintiphone.page.link/Hy8V

#Tax #CBDT #RelianceConsumer #Amazon #JeffBezos #RishiSunak #Semiconductor #Israel #Fujitsu #India

#JeffBezos disclosed a plan to unload 25 million additional shares of #Amazon worth $5 billion on the day the stock hit a fresh record.

Read here: https://www.read.ht/Sb1z

#Amazon founder and executive chair #JeffBezos plans to sell 25 million shares of the e-commerce giant worth almost $5 billion after its stock hit a record high, a regulatory filing showed.

Read here: https://www.read.ht/Sb2J

Here's a compilation of interesting numbers that matter!


Read the #NewsInNumbers on Mint app every weekday: https://mintiphone.page.link/Hy8V

#InoxWind #Delhi #AirPollution #Kalki2898AD #RealEstate #AssamFloods #ManipurFloods #Amazon #JeffBezos #Meta #Threads

#Amazon has expressed interest in #Swiggy's quick commerce business #Instamart, but no official offer has been made yet. Early discussions suggest a challenging transaction due to the deal's complexity.

Read here: https://read.ht/Sbb6

OTT platforms are starting to feel a lot like cable TV. Jio Hotstar, Zee5, and Netflix are also experimenting with ads, despite subscriptions.

What's driving this change, and why are viewers calling it a betrayal?

Here's a deep dive into the new economics of streaming - and what it means for your next binge session.

WATCH: https://www.youtube.com/watch?v=npCyCDmgsMI

💰 Big Tech’s mega deal! Amazon’s cloud arm inks a $38B, 7-year pact with OpenAI to fuel its growing AI compute needs using Nvidia GPUs.

Amazon shares jump as AWS powers ChatGPT’s next chapter. ⚡️

👀 Watch for more updates!
https://www.youtube.com/watch?v=UmuxeRbEVVs

Amazon, Google, Microsoft, Meta and Oracle are reporting strong profits even as free cashflows decline amid a surge in AI-led capital expenditure. According to recent data, these firms are collectively expected to spend around $800 billion on data centres and computing infrastructure to support artificial intelligence growth.

Watch!
https://www.youtube.com/watch?v=oU9t0G59mE0