ProShares Online Retail
ONLN----
Amazon CEO Andy Jassy Says AI Inference Is Still 10 Times Too Expensive, Claims Amazon Chips Offer Answer
benzinga_article·- Amazon CEO Andy Jassy stated that AI inference remains roughly 10 times too expensive for widespread integration into everyday business software. - To address high costs and infrastructure constraints, Amazon developed its proprietary Trainium chips, which offer 30 % to 40 % better price-performance than comparable processors. - With future Trainium revenue commitments exceeding $225 billion, traders expect Amazon's AI chip strategy to dominate the upcoming third-quarter earnings call on October 29.eBay to axe 9% of staff in second round of job cuts in 2026
Businesstimes News·EBay Stock Moves Higher: What's Going On?
benzinga_article·Amazon.com, Inc. $AMZN Shares Acquired by Loftus Peak Pty Ltd
Market Beat·- Institutional investors and major hedge funds have adjusted their stakes in Amazon.com, Inc., with institutional ownership currently representing 72.20% of the company's stock. - The company features a strong consensus rating of Moderate Buy alongside a consensus target price of $322.53 supported by multiple financial research reports. - Amazon.com recently posted strong financial results, reporting $5.75 EPS and quarterly revenue of $200.61 billion, which represents a 19.6% increase compared to the same quarter last year.Websites Taken Down Due To Flaw In PHP Programming Language
rttnews·- Websites globally experienced extended outages due to critical security vulnerabilities discovered in the PHP programming language. - Numerous international governments, Wikipedia, and organizations temporarily took their systems offline as a precautionary measure following warnings from agencies like the US National Security Agency. - Cloudflare and Amazon reported millions of hacking attempts, while tools like OpenAI's Patch the Planet emerged to help operators identify and mitigate vulnerable PHP versions.IMF, OECD warn AI could widen rich-poor country divide
CNA·- The IMF and OECD warn that artificial intelligence could widen the economic divide between rich and poor countries without improved digital infrastructure and skills. - AI adoption could potentially add up to 0.5 per cent to annual global growth and boost OECD productivity by 0.4 per cent to 1.2 per cent, though workplace utilization remains low. - Approximately 40 per cent of global jobs are exposed to AI, raising vulnerabilities for younger workers as companies like Barclays, eBay, and Qualcomm implement layoffs.PDD Holdings Inc Stock (PDD) Moved Down by 3.54% on Oct 21: What Signal Does It Send?
TradingKey·- PDD Holdings Inc stock dropped by 3.54% on Oct 21 amid a broader selloff in U.S.-listed Chinese tech equities and sector-wide concerns. - The decline was driven by escalating regulatory scrutiny over Temu, potential trade policy shifts, profit margin pressures from heavy investments, and institutional portfolio trimming. - The company faces ongoing volatility due to legal challenges, compliance costs, and macroeconomic uncertainties affecting near-term investor sentiment.