Amazon’s (AMZN, Financials) Amazon Web Services is reportedly finalizing a $475 million agreement to provide IBM (IBM, Financials) with Nvidia (NVDA, Financials) processors over the cloud for artificial intelligence applications, Business Insider reported. The five-year agreement will provide IBM access to AWS’s EC2 servers, which have Nvidia GPUs, therefore allowing IBM to progress its AI…
This is a published version of the Forbes Daily newsletter, you can sign-up to get Forbes Daily in your inbox here. Good morning, Billionaire philanthropist MacKenzie Scott offloaded more Amazon shares, a new filing shows, as she remains one of the nation’s most prolific donors. Scott received about 400 million shares of Amazon as part…
Over the last two years, Warren Buffett has been sending Wall Street a message loud and clear – without saying a word. His approach is more cautious than ever and Berkshire Hathaway’s eye-popping $325 billion cash stockpile is the outcome of his latest strategy. While investors have long emulated Buffett’s moves, his latest decisions have…
In a 2017 Q&A with Oxford Union students, Mark Cuban opened up about one of his biggest regrets on Shark Tank – and he didn’t hold back. When asked about his commitment to the companies he invests in, Cuban emphasized that he’s there “’til death do us part” as long as the founders keep grinding….
Nuclear energy stocks have become a favorite of Wall Street this year as the artificial intelligence boom spreads and Big Tech searches for ways to meet its growing power demand. They helped power the S&P 500’s Utilities index (XLU) to all-time highs — the index is on track to outperform the S&P 500’s equal-weighted counterpart…
Jeff Bezos congratulated Donald Trump on winning the presidential election. They’ve traded many barbs over the years. Here’s a history of Bezos and Trump’s relationship. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app By clicking “Sign Up”, you accept our Terms of Service…
Amazon founder Jeff Bezos has tweeted just two times this year as of this writing, which isn’t necessarily noteworthy in and of itself — but for the fact that both of those tweets happen to be about (and in praise of) the same person. Bezos’ first tweet of the year came on July 13, the…
US stocks held onto gains as investors digested a fresh interest rate cut from the Federal Reserve and Donald Trump’s electoral victory. In a widely expected move, the Fed cut interest rates by 25 basis points on Thursday, lowering its benchmark rate to a range of 4.5% to 4.75%. The S&P 500 (^GSPC) rose roughly…
Jeff Bezos is the richest he’s ever been. The Amazon founder’s net worth soared to an all-time high of $228 billion on Wednesday, per Bloomberg’s Billionaires Index. Amazon’s stock reached its own record high on Wednesday, fueling Bezos’ wealth jump. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on…
Even the billionaires who kept their lips firmly sealed about the U.S. presidential elections are benefitting from the outcome, with their fortunes ballooning as the market rallies. While a host of notable names came out in favor of either president-elect Donald Trump or Vice President Kamala Harris, a significant proportion kept their opinions to themselves….