Amazon

Amazon is a multinational technology company based in Seattle that focuses on e-commerce, cloud computing, digital streaming and artificial intelligence. It is one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Microsoft, and Facebook. Founder Jeff Bezos serves as the company’s executive chair, and Andy Jassy has held the CEO role since 2021.

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Erik Bernhardsson, Founder and CEO at Modal. Art by Clark Miller; YouTube.
Exclusive

Startup Modal in Talks to Raise at $4.5 Billion Valuation After Revenue Surges

By Stephanie Palazzolo and Anissa Gardizy · May 13, 2026 10:49am PDT
Modal, a startup that rents out Nvidia graphics processing units and software to help developers run and train models as well as agents, is in talks to raise money at around a $4.5 billion valuation. That would be an 80% premium to its last valuation from just a few months ago, according to two people with knowledge of the round. The steep hike... Modal, a startup that rents out Nvidia graphics processing units and software to help developers...
Art by Clark Miller
Artificial Intelligence

Anthropic Flexes Pricing Power as Its Customers Willingly Eat the Cost

By Laura Bratton and Aaron Holmes · May 13, 2026 6:00am PDT · 2 comments
Anthropic’s revenue growth is unprecedented. Newer Anthropic customers such as PagerDuty are a big part of the reason. Eric Johnson, chief information officer at PagerDuty, which helps software engineers respond to tech outages, said he is bracing for volatile costs as his company’s 1,200 employees start using Anthropic’s AI coding and other... Anthropic’s revenue growth is unprecedented. Newer Anthropic customers such as PagerDuty are a...
Cerebras CEO Andrew Feldman. Getty Images.
Dealmaker

Cerebras' Plum OpenAI Deal Is a Double-Edged Sword

By Cory Weinberg · May 12, 2026 4:33pm PDT
When some journalist writes the book on the AI boom, one critical chapter will start on Christmas Eve 2025. That was the day that Nvidia and OpenAI’s complicated frenemy relationship became incredibly lucrative for chip startups that focus on AI inference.We already know that Christmas Eve was the day the tech industry (and this newsroom)... When some journalist writes the book on the AI boom, one critical chapter will start on Christmas...
Amazon HQ in Seattle. Getty Images.
The Briefing

Amazon’s AI Shopping Overhaul

By Martin Peers · May 13, 2026 5:00pm PDT
Remember Bard? It was the original name of Google’s AI chatbot, but the Gemini brand long ago replaced it. Just as you’ve likely forgotten that history, you’re not likely to remember Rufus in 12 months’ time, either. Rufus, the name of Amazon’s AI-powered shopping chatbot, got tossed on Wednesday and replaced with Amazon’s well-established Alexa... Remember Bard? It was the original name of Google’s AI chatbot, but the Gemini brand long ago...
Art by Shutterstock; Mike Sullivan.
Exclusive

Amazon Weighs ‘Hybrid Mode’ AI Searches on Retail Site

By Catherine Perloff · May 5, 2026 6:00am PDT
Amazon has so far kept its Rufus AI shopping assistant largely separate from its main commerce search bar. But the retail giant is leaving the door open to adding AI commentary to search results, bringing browsing and researching more seamlessly into the buying process. That includes hybrid modes, such as Amazon showing a conversational blurb... Amazon has so far kept its Rufus AI shopping assistant largely separate from its main commerce...