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...New York-based Presidio provides IT services to some of the world’s largest companies, including Amazon, and government organisations....
...Now headquartered in New York, it has 2.7mn subscribers across 15,000 corporate clients, including blue-chip names like Amazon, Oracle and Activision Blizzard....
...Companies that are defined as gatekeepers, including Apple, Amazon and Google, need to fully comply with these rules under the Digital Markets Act by early next month....
...Apple has been typically tight-lipped about its AI plans even as big tech rivals Microsoft, Google and Amazon tout multibillion-dollar investments in the cutting-edge technology....
...Each wants to win new customers with a suite of state of the art AI tools and services, and use the technology to enhance other core products....
...For good reason: the US spent an estimated $4.5tn on healthcare services in 2022, according to the Centers for Medicare and Medicaid Services....
...Its streaming service has about 18.5mn active users and the company made $28mn in net income on $1.68bn of revenue last year. But it shows Walmart is serious about building a rival to Amazon Prime....
...Beyond meeting its own logistics needs, Amazon’s third-party shipping service could mushroom into a new business area akin to its cloud computing....
...Apple has unveiled new iPads featuring what it called “an outrageously powerful chip for AI”, signalling the Silicon Valley giant’s growing focus on artificial intelligence services....
...Shares in Amazon and Nvidia, two other beneficiaries of AI spending, also rose by around 3 and 6 per cent respectively....
...Amazon, Microsoft, Meta, Google parent Alphabet and music streaming service Spotify are among the companies that have signalled plans to strike such a balance this year....
...Amazon Web Services, Microsoft and Google have benefited from growth in global enterprise spending on cloud services, while Meta and Google were buoyed by increased advertising and consumer spending as concerns...
...Max launched in the US in May 2023 in an attempt to challenge Netflix, Disney and Amazon in the streaming market, and in Latin America and the Caribbean earlier this year....
...There’s an allegation of tying the buy box [ie, better placement on a product order page] to Amazon fulfilment services....
...Amazon said it was “compliant” with the rules and that it had “engaged constructively with the European Commission on our plans since the designation of two of our services”....
...Netflix executives have long played down any interest in pursuing live sports deals even as rival streaming services from Apple and Amazon have started to screen professional sports to attract subscribers...
Case studies in best practice among general counsel and company legal teams in North America
...Nvidia leads in the manufacture of advanced semiconductors; Microsoft and Amazon provide cloud-hosting....
...Greater user choice may sound fine in theory, they argue, but it will challenge fundamental aspects of how services work....
...Amazon Prime has also invested in Major League Baseball rights. Shares in TKO jumped by 15 per cent on Tuesday, implying a market value gain of $2bn....
...Bundling digital services could help to solve that problem. Offering packages of TV services is not a novel concept....
...But the cost of sports rights has been rising as tech companies such as Apple and Amazon have started to bid for some games for their streaming services....
...A version of this article was first published by Nikkei Asia on May 1. ©2024 Nikkei Inc. All rights reserved....
...Amanda Agati, chief investment officer for PNC Financial Services, said: “Our wish at Christmas was a resurgence in the bottom 493 stocks [in the S&P 500]. We got coal in our stockings so far . . ....
...Of Tesla’s total quarterly sales of $21.3bn, 82 per cent were indeed “automotive revenues” while the rest were energy and services....
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