Articles about Amazon

$20tn club: How Magnificent Seven turned early investors into millionaires

The so-called “Magnificent Seven” stocks – Alphabet, Amazon, Apple, Meta, Microsoft, NVIDIA and Tesla – are worth more than China’s economy

Amazon CTO unpacks what 2026 holds for developers

Despite fears that GenAI will make developers obsolete, Amazon CTO Dr Werner Vogels anticipates elevated demand.

Takealot reaches double-digit growth, 4.8m active shoppers

SA’s biggest online shopping site sees a 14% increase in customers from last year, reaching 4.8 million active shoppers.

AI job cuts soar but still a tiny fraction of global workforce

While job cuts because of AI in the tech sector could reach 400 000 this year, it is a small percentage of the worldwide workforce.

OpEd: If you chose US-EAST-1, you nearly got fired yesterday

Exactly where in the cloud your stuff is now matters for boardroom politics as well as technical reasons, writes ITWeb contributor Phillip de Wet.

Amazon anchors SA’s first multi-buyer solar wheeling project

The tech giant’s long-term commitment at Springbok Solar Power Project turns instrumental in unlocking financing and de-risking, says SOLA Group.

Takealot extends e-commerce lead despite arrival of disruptors

The Naspers-owned group maintains its grip on the market, despite multinational e-commerce disruptors like Amazon, Shein and Temu gaining momentum in SA.

Microsoft and Rolls-Royce are eating SA's AI nuclear cake

Nuclear models are quickly becoming more efficient and demand is rising fast, so every projection for future electricity demand is an arrow shooting straight up.

Nvidia hits $4 trillion milestone in world first

The rise in the chipmaker’s share price makes it the world's most valuable company, underscoring the strong demand for artificial intelligence chips.

AI-infused job loss fears at Amazon, Microsoft

Amazon warns GenAI will trim its workforce as the tech “changes the way our work is done”, while it’s reported Microsoft will cut thousands of roles as it increases spending on AI.

New wave of job cuts hits global tech sector

Microsoft is the latest tech firm to announce layoffs as part of efforts to streamline operations and invest more heavily in AI.

Amazon launches Project Kuiper satellites to rival Starlink

The first 27 satellites for Amazon’s Kuiper broadband internet constellation launched into space from Florida.