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Amazon is investing over $13 billion in expanding AI and cloud infrastructure in Australia, including new solar farms and data centers nationwide. Online retail and cloud computing giant Amazon plans to invest more than $13 billion in Australia’s artificial intelligence and cloud infrastructure, the company announced on Saturday. Amazon plans to invest 20 billion Australian dollars ($13.4 billion) by 2029 to expand Australia’s AI and cloud capabilities, marking the country’s largest publicly announced technology investment to date by a global company. The investment will go toward expanding, operating and maintaining Amazon Web Services (AWS) data centers in the country. Read more

Amazon joins a growing list of tech companies shifting to nuclear power to meet the energy-intensive needs of artificial intelligence. Tech company Amazon recently signed a deal with Talen Energy, a power infrastructure and provider company, for 1,920 megawatts (MW) of nuclear energy to fuel Amazon Web servers and AI data centers in Pennsylvania through the year 2042. According to an announcement from Talen, the energy will be produced at the company's Susquehanna nuclear facility and provide power to Amazon facilities in the region, with additional plans to explore small-modular nuclear reactor (SMR) technology. The energy will be supplied through the grid rather than directly from the nuclear plant as initially planned. This arrangement will help support the energy grid's maintenance through service fees paid by Amazon. Read more

Walmart and Amazon are preparing to launch their own stablecoins as the U.S. Senate advances landmark legislation that would establish a federal regulatory framework for privately issued digital dollars for the first time. The legislation, known as the GENIUS Act (S.394), has passed committee and cleared cloture, with a final Senate vote scheduled for June […] The post Walmart & Amazon eye $14B in savings by launching corporate stablecoin appeared first on CryptoSlate.

Retail giants Walmart and Amazon are reportedly evaluating digital currencies to streamline e‑commerce and boost cross‑border transactions. Update June 13, 10:30 am UTC: This article has been updated to include a section on the GENIUS Act. Walmart and Amazon are reportedly mulling plans to issue their own US dollar-backed stablecoins for customers, signaling wider institutional stablecoin adoption amid improving regulatory clarity in the United States. The two retail giants are mulling the development of brand-specific stablecoins, according to people familiar with the matter, The Wall Street Journal reported on Friday. Read more

Amazon’s AI expansion may boost jobs, but it risks concentrating innovation in Big Tech’s hands, an expert told Decrypt.

Bitcoin surpassed Amazon in market capitalization, hitting $2.205 trillion and marking a symbolic milestone that experts say could boost mainstream investor confidence. Update (May 22, 2025, 2:05 pm UTC): This article has been updated to add statements by Shruti Kohli and Stan Low. The market cap of the world’s first cryptocurrency, Bitcoin, surpassed that of retail and tech behemoth Amazon on “Bitcoin Pizza Day.” Market data shows that Bitcoin (BTC) had a market cap of $2.205 trillion at the time of writing, $70 billion more than the $2.135 trillion Amazon valuation. Read more