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Norway’s sovereign wealth fund, the world’s largest, announced Tuesday that it will vote against Tesla CEO Elon Musk’s proposed $1 trillion compensation package — potentially the largest CEO pay deal in corporate history. The vote will take place at Tesla’s annual general meeting on November 6. Tesla’s board is urging shareholders to approve the plan, […]
Amazon has struck a $38 billion cloud deal with OpenAI, marking a significant win for the company’s Amazon Web Services (AWS) division and a major step toward reclaiming lost ground in the artificial intelligence boom. The agreement comes after Amazon had faced mounting criticism for lagging behind rivals Microsoft and Google in securing AI partnerships […]
Amazon shares surged more than 11% in early trading on Friday after its cloud computing arm, Amazon Web Services (AWS), reported strong growth and a bullish sales outlook that reassured investors of its position in the AI race. AWS revenue rose 20% in the third quarter, reaching $33 billion — more than double Google Cloud’s […]