President-elect Donald Trump has disclosed plans to have dinner with Amazon Inc. AMZN founder Jeff Bezos. What Happened: During a Meet the Press interview with Kristen Welker on Sunday, Trump said that following his Nov. 5 win, he got calls from many people. He also heard from Bezos and added “We’re having dinner,” while expressing…
The past week has been a whirlwind of economic insights and policy debates. From Jeff Bezos challenging Elon Musk‘s cost-cutting strategies to Donald Trump‘s tariff plans stirring up potential trade wars, the financial world is buzzing. Meanwhile, the Federal Reserve hints at a possible rate cut, and the U.S. job market shows unexpected strength. Let’s dive into the key stories…
On Wednesday, Amazon.com, Inc. co-founder Jeff Bezos shared his positive outlook on Donald Trump’s upcoming second term, underscoring potential regulatory reductions. What Happened: In an interview at the New York Times DealBook Summit, Bezos expressed his willingness to assist in cutting regulations. “I’m actually very optimistic this time around,” he stated referring to Trump’s enthusiasm…
On Tuesday, Jeff Bezos’ Amazon.com, Inc. AMZN unveiled advanced AI chip clusters designed to enhance the performance of its partner, Anthropic. This development aims to challenge the current market leaders, Nvidia Corporation NVDA and ChatGPT-maker OpenAI. What Happened: During Amazon’s biggest re:Invent conference of the year, the tech giant deployed hundreds of thousands of its…
AI startup Perplexity, backed by Amazon.com, Inc. founder Jeff Bezos, is set to triple its valuation in its fourth funding round this year. What Happened: Perplexity is finalizing a funding round that would see its valuation skyrocket to $9 billion, an increase from its valuation of $520 million at the start of the year. The AI-powered search company plans to…
On Friday, Perplexity, an artificial intelligence startup, announced an AI-powered Election Information Hub, promising real-time vote counts and candidate summaries. What Happened: The hub, which will be operational on Election Day, Nov. 5, is designed to provide AI-generated answers to voting queries and summaries of candidates. The live vote count will be based on data from The Associated…
The Washington Post, which is owned by billionaire Jeff Bezos, is the latest newspaper to be caught up in controversy over not endorsing a political candidate in the 2024 presidential election. The newspaper announced Friday it will not endorse a candidate in the race. What Happened: The Washington Post, which was purchased by Bezos in…
Rupert Murdoch’s Dow Jones and the New York Post have initiated legal proceedings against Jeff Bezos-backed AI firm Perplexity, alleging unauthorized use of their content and redirection of traffic to its platforms. What Happened: On Monday, the News Corp NWSA-owned entities claimed that Perplexity has been using their copyrighted material to train its AI, thereby enabling users…
Apple Inc’s AAPL iPhone 16 scored a win in China in its first three weeks, highlighting the rising demand for luxury smartphones paired with artificial intelligence features. China is a crucial market for the company. The iPhone 16 performance coincided with China’s stimulus plans and the upcoming holiday season. Apple’s latest smartphone model clocked a…
Jeff Bezos-backed Perplexity AI, a startup challenging Alphabet Inc.‘s GOOG GOOGL Google, is in discussions with top brands like Nike Inc. NKE and Marriott International MAR. What Happened: Perplexity is developing a “sponsored” question system to challenge Google’s auction-based ads model, as it plans to disrupt the tech giant’s dominance in the $300 billion digital ads industry, reported Financial…