AWS just posted $42.2 billion in revenue with its fastest growth in 18 quarters and the AI platform saw more spending last quarter than in every prior quarter since launch combined.

Amazon.com Inc.’s driverless-car business will be allowed to commercially deploy as many as 2,500 vehicles annually in the US over the next two years, clearing the way for more robotaxis in a market dominated by Alphabet Inc.

Billions of dollars are being poured into a new wave of AI technology. But will it pay off?

Amazon said it received a major boost from its previous $13 billion worth of investment in Anthropic.

Along with Zoox, others, such as Tesla and Alphabet’s Waymo, are racing to expand autonomous ride-hailing services in the U.S.

Amazon reported $200.6 billion in second-quarter revenue, up 20%, with AWS growing 37%, its fastest pace since the end of 2021.

By Deborah Mary Sophia and Kanchana Chakravarty July 31 (Reuters) - Amazon shares surged nearly 14% on Friday after the tech giant's solid cloud sales growth reinforced investor confidence in its massive AI bets and quashed any concerns about the company trailing its Big Tech rivals in the AI race.

AWS sales expanded 37% year over year, which trounced analysts' expectations for 31% growth.