Saturday, 14 February 2026
Amazon CEO Andy Jassy announced a $200 billion investment in artificial intelligence to enhance the company's AWS cloud business, as it faces increasing competition from Microsoft and Google. AWS reported a 24 percent year-on-year revenue increase to $35.6 billion in Q4 2026, with operating margins rising to 35 percent, despite broader market pressures that have seen technology shares decline significantly this year.
Amazon.com Inc. shares fell 0.4% on February 10, marking the company's longest losing streak since July 2006, with nine consecutive days of declines. Over this period, the stock has dropped 18%, resulting in a loss of approximately $463 billion in market valuation, as investor concerns about the company's capital expenditures continue to mount.
Saudi Arabia's Savvy Games Group is in advanced discussions to acquire Shanghai Moonton Technology, a subsidiary of ByteDance, for a deal valued between $5 billion and $7 billion. The acquisition, which could be finalized as soon as this quarter, would mark one of the largest cross-border transactions in the Chinese video game sector and further bolster Savvy's position in the mobile gaming market, following its previous acquisitions of Scopely and Niantic.
Anduril Industries Inc. is in discussions to raise up to $8 billion in a funding round aimed at increasing its valuation to over $60 billion. This new financing would nearly double the company's value from a $2.5 billion funding round last summer, reflecting its growing traction with the US government and investor interest in military applications of artificial intelligence.
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