Amazon Q2 earnings outperformed analyst expectations, but a strong performance wasn’t enough to quell market fears in light of a gloomy forecast and Amazon Web Services growth seen as anemic, at +17.5 percent, which was slower than the expansion of its competitors Microsoft Azure (+39 percent) and Google Cloud (+32 percent). Amazon’s Q2 profit was $18.2 billion, up nearly 30 percent on revenue of $167.7 billion, a 13 percent gain year-over-year. Advertising income of $15.7 billion was almost $1 billion more than StreetAccount’s estimate of $14.9 billion. But for the current quarter, Amazon estimated operating income between $15.5 billion and $20.5 billion. Continue reading Amazon Profit Is Up 30 Percent, but Forecast Spooks Market

Amazon’s growth contracted in Q1, with revenue up 9 percent compared to 13 percent a year ago. That was good enough to outperform Wall Street forecasts, with overall sales increasing to $155.7 billion, compared with $143.3 billion in Q1 2024. In addition, Amazon Web Services sales grew by nearly 17 percent to $29.3 billion. Yet Amazon share price fell by up to 4.3 percent after hours, a reflection of a Q2 forecast the company says could be affected by newly imposed tariffs. “Obviously, none of us know exactly where tariffs will settle, or when,” Amazon CEO Andy Jassy told analysts on the Q1 earnings call. Continue reading Amazon Reports Strong Quarter, Braces for Impact of Tariffs

Amazon has updated its Nova model series, with Nova Reel 1.1 now able to generate AI videos of up to two minutes as well as gaining a new ‘multi-shot’ feature. Announced in December, Nova Reel marked Amazon’s initial foray into generative video. AWS developer advocate Elizabeth Fuentes says that Nova Reel accommodates user prompts of up to 4,000 characters that can generate a series of six-second shots for a sequence totaling two minutes. The company also introduced the Nova Sonic real-time voice model that supports third-party enterprise development. Continue reading AWS Updates Nova Reels and Adds Nova Sonic Voice Model

Amazon is formally rolling out its new Nova family of foundation models. Teased at the re:Invent conference hosted by AWS, details of the new multimodal series began leaking out this month. As part of the move, Amazon is diving into the agentic AI business with a new model called Nova Act, which is now in research preview. Nova Act is designed to control Web browser actions and independently tackle simple tasks. A Nova Act SDK is also being made available to allow developers to customize their own agents using the general-purpose Nova. The company is pushing for agents to help streamline business productivity. Continue reading Amazon’s Nova Model Series Includes Nova Act for AI Agents

Amazon is ramping up its AI activity, reportedly planning to release its own advanced reasoning model as part of the company’s Nova family. The Nova line was introduced in December at re:Invent and the new addition could debut as early as June. Its reasoning prowess is being compared to the abilities of OpenAI’s o3-mini and DeepSeek-R1. But reports say Amazon is taking the hybrid reasoning approach embraced by Anthropic’s Claude 3.7 Sonnet (Amazon has a 10 percent stake in Anthropic). The e-retail giant is also preparing for an agentic AI push, having established a dedicated unit, reports say. Continue reading Amazon Plans an AI Push with Nova Reasoning Model, Agents

Over a year after teasing a next-gen Alexa virtual assistant, Amazon is releasing an AI-powered version called Alexa+. The new personal assistant can do things like order groceries for the household, facilitate event planning, manage smart home utilities and security, and, of course, shop online. “She’s smarter, more conversational, more capable,” according to Amazon SVP of Devices & Services Panos Panay. Strategically priced to entice the AI-curious into Amazon membership, Alexa+ costs $20 per month as a standalone service or comes free with Amazon Prime ($15 per month or $139 per year). Continue reading Amazon’s AI-Powered Alexa+ is Agentic with Computer Vision