Amazon Shares Drop as Cloud Growth Misses Expectations

/in /tarafından

Amazon’s stock fell by 4% on Friday after the company’s quarterly cloud computing revenue growth fell short of investor expectations. The disappointing results reflected a slowdown in growth at Amazon Web Services (AWS), which posted a 19% increase in revenue to $28.79 billion. This figure was slightly below the anticipated $28.87 billion. The performance echoed similar disappointments from other major tech giants, including Microsoft and Alphabet, who also saw cloud revenue growth fail to meet expectations.

The missed expectations came as cloud companies, particularly those heavily investing in AI, are under greater scrutiny. AWS’s growth rate matched that of the previous quarter, raising concerns among analysts about potential capacity constraints or other unidentified issues.

The disappointing results led to a $100 billion drop in Amazon’s market value. However, Amazon’s stock has still risen about 4% in 2025, outpacing losses seen by Microsoft and Alphabet, whose stocks have fallen by 3%. Despite this drop, Amazon’s shares continue to be favored by analysts, with 68 recommending buying the stock and no analysts advising to sell.

South Korean Prosecutors to Appeal Ruling in Samsung Chief’s Case

/in /tarafından

South Korean prosecutors have announced plans to appeal to the Supreme Court following an appeals court’s ruling that found Samsung Electronics Chairman Jay Y. Lee not guilty of charges related to a 2015 merger. The case revolves around an $8 billion merger between two Samsung affiliates, which prosecutors argued was designed to solidify Lee’s control over the tech giant. However, the Seoul High Court ruled on February 3 that all charges should be dismissed, stating that the merger did not cause financial harm to minority shareholders.

Lee, who has long been entangled in legal challenges, including those stemming from this merger, denied any wrongdoing, asserting that he never intended to deceive investors for personal gain. The decision follows a history of legal troubles for Lee, including his 18-month imprisonment on bribery charges in connection with a scandal that led to the 2017 impeachment of then-President Park Geun-hye.

Despite the favorable ruling, Lee continues to face ongoing legal risks as Samsung deals with increasing competition and sluggish stock performance. Samsung has declined to comment on the recent developments.

OpenAI’s Sam Altman Proposes Stargate-like AI Program for Europe

/in /tarafından

OpenAI CEO Sam Altman expressed interest in creating a Stargate-like AI initiative for Europe, similar to the U.S. version backed by President Donald Trump. The U.S. venture, which includes major backers like OpenAI, Softbank, and Oracle, plans to invest up to $500 billion in AI infrastructure over the next five years. During a panel discussion at the Technical University of Berlin, Altman stated that his company would be eager to bring a similar program to Europe, but emphasized that Europeans should determine the rules and regulations for AI technology. Altman further stressed the importance of Europe embracing AI to stay competitive globally.

As part of OpenAI’s expansion in Europe, the company also announced plans to open a new office in Munich, Germany. Altman highlighted that this would enable OpenAI to help more individuals, businesses, and institutions harness the potential of AI. This new office follows the opening of OpenAI offices in Dublin and London in 2023 and plans for further expansion in Paris and Brussels in 2024. Altman is also set to attend an AI summit in Paris on Monday, which will be attended by European leaders and other officials.