Latest news with #Amazon.com
Yahoo
21 hours ago
- Business
- Yahoo
Jim Cramer on Amazon: 'I Expect a Very Solid Quarter.'
Inc. (NASDAQ:AMZN) is one of the stocks in Jim Cramer's game plan this week. Cramer mentioned that he has high expectations for the company's quarter, as he said: 'After the close, Thursday, we have two more members of the Magnificent Seven when Apple and Amazon report. Now both stocks have been going up steadily. They could be, well, look, it could be like Alphabet, which rallied consistently into the marvelous print, then kept going up… Photo by Bryan Angelo on Unsplash Amazon (NASDAQ:AMZN) sells consumer products, subscriptions, and media through its online and physical stores, while also offering devices, advertising, and cloud computing services. While we acknowledge the potential of AMZN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Time of India
a day ago
- Business
- Time of India
Amazon-backed Skild AI unveils general-purpose AI model for multi-purpose robots
Robotics startup Skild AI , backed by and Japan's SoftBank Group , on Tuesday unveiled a foundational artificial intelligence model designed to run on nearly any robot - from assembly-line machines to humanoids. The model, called Skild Brain , enables robots to think, navigate and respond more like humans. Its launch comes amid a broader push to build humanoid robots capable of more diverse tasks than the single-purpose machines currently found on factory floors. In demonstration videos, Skild-powered robots were shown climbing stairs, maintaining balance after being shoved, and picking up objects in cluttered environments - tasks that require spatial reasoning and the ability to adapt to changing surroundings. The company said its model includes built-in power limits to prevent robots from applying unsafe force. Skild trains its model on simulated episodes and human-action videos, then fine-tunes it using data from every robot running the system. Co-founders Deepak Pathak and Abhinav Gupta told Reuters in an exclusive interview that the approach helps tackle a data scarcity problem unique to robotics. "Unlike language or vision, there is no data for robotics on the internet. So you cannot just go and apply these generative AI techniques," Pathak, who serves as CEO, told Reuters. Robots deployed by customers feed data back into Skild Brain to sharpen its skills, creating the same "shared brain," said Gupta, who previously founded Meta Platforms' robotics lab in Pittsburgh. Skild's clients include LG CNS - the IT solutions arm of LG Group - and other unnamed partners in logistics and other industrial applications. Unlike software, which can scale quickly, robotics requires physical deployment, which takes time, but Skild's approach allows robots to add new capabilities across different industries quickly, said Raviraj Jain, partner at the startup's investor Lightspeed Venture Partners. The two-year-old startup, which has hired staff from Tesla, Nvidia and Meta, raised $300 million in a Series A funding round last year that valued it at $1.5 billion. Its investors include Menlo Ventures, Khosla Ventures, Sequoia Capital and founder Jeff Bezos.
Indian Express
2 days ago
- Business
- Indian Express
Amazon-backed Skild AI unveils general-purpose AI model for multi-purpose robots
Robotics startup Skild AI, backed by and Japan's SoftBank Group, on Tuesday unveiled a foundational artificial intelligence model designed to run on nearly any robot — from assembly-line machines to humanoids. The model, called Skild Brain, enables robots to think, navigate and respond more like humans. Its launch comes amid a broader push to build humanoid robots capable of more diverse tasks than the single-purpose machines currently found on factory floors. In demonstration videos, Skild-powered robots were shown climbing stairs, maintaining balance after being shoved, and picking up objects in cluttered environments – tasks that require spatial reasoning and the ability to adapt to changing surroundings. The company said its model includes built-in power limits to prevent robots from applying unsafe force. Skild trains its model on simulated episodes and human-action videos, then fine-tunes it using data from every robot running the system. Co-founders Deepak Pathak and Abhinav Gupta told Reuters in an exclusive interview that the approach helps tackle a data scarcity problem unique to robotics. 'Unlike language or vision, there is no data for robotics on the internet. So you cannot just go and apply these generative AI techniques,' Pathak, who serves as CEO, told Reuters. Robots deployed by customers feed data back into Skild Brain to sharpen its skills, creating the same 'shared brain,' said Gupta, who previously founded Meta Platforms' robotics lab in Pittsburgh. Skild's clients include LG CNS – the IT solutions arm of LG Group – and other unnamed partners in logistics and other industrial applications. Unlike software, which can scale quickly, robotics requires physical deployment, which takes time, but Skild's approach allows robots to add new capabilities across different industries quickly, said Raviraj Jain, partner at the startup's investor Lightspeed Venture Partners. The two-year-old startup, which has hired staff from Tesla, Nvidia and Meta, raised $300 million in a Series A funding round last year that valued it at $1.5 billion. Its investors include Menlo Ventures, Khosla Ventures, Sequoia Capital and founder Jeff Bezos.
Yahoo
2 days ago
- Business
- Yahoo
Amazon (AMZN) Price Target Raised to $271 — Here's What's Driving It
Inc. (NASDAQ:AMZN) is one of the . On July 28, UBS analyst Stephen Ju raised the price target on the stock to $271.00 (from $249.00) while maintaining a Buy rating. The price target increase reflects UBS's decision to roll back some of the decreases in estimates it had made three months ago when it was expecting increased demand destruction from tariffs. The firm has raised its Gross Merchandise Value (GMV) estimates for 2026 by an estimated 2%, along with a 2% increase in gross profit projections. Moreover, it has also raised its 2026 and 2027 advertising segment forecasts by an estimated 3% due to better-than-expected advertising performance. Meanwhile, AWS growth estimates were maintained at 16% for the second quarter of 2025. 25 best things to buy on Amazon under $20 (Photo credit: Pixabay) Based on the revisions, there is a 1% increase in 2026 revenue estimates and a 5% increase in EBIT (Earnings Before Interest and Taxes) projections. For the year 2027, the firm projects a 0.1% revenue increase and a 7% EBIT increase. The firm also raised its 2025 CapEx forecast to $112 billion from the previous $107 billion after the company disclosed its first-quarter 2025 capital expenditures. Inc. (NASDAQ:AMZN) is an American technology company offering e-commerce, cloud computing, and other services, including digital streaming and artificial intelligence solutions. While we acknowledge the potential of AMZN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None.
Yahoo
2 days ago
- Business
- Yahoo
Amazon.com seeks to end lawsuit claiming rice contaminated by heavy metals
By Jonathan Stempel (Reuters) - urged a federal judge to dismiss a proposed class action over its alleged sale of rice tainted by arsenic and other "heavy metals," denying the accusation it fraudulently concealed contamination. In a filing late on Friday in Seattle federal court, Amazon said the presence of heavy metals in rice was a "decades-old, well-known issue" that was easy to discover, and the plaintiffs did not claim there were more metals than regulators allowed. Amazon also said Section 230 of the federal Communications Decency Act shields online platforms from liability over content from third parties, such as rice sellers. Lawyers for the plaintiffs did not immediately respond on Tuesday to requests for comment. The lawsuit on May 23 covered 18 types of rice sold through Amazon, including from brands such as Ben's Original and Amazon-owned Whole Foods' 365. Plaintiffs Ashley Wright and Merriman Blum said they would not have bought or would have paid less for their Iberia basmati rice, one of the products, had they known it was contaminated or Amazon never tested it for heavy metals. Exposure to heavy metals has been associated with nervous system problems, immune system suppression and kidney damage. It has also been associated with autism spectrum disorder and attention deficit hyperactivity disorder in young children. The lawsuit followed a study by the nonprofit Healthy Babies, Bright Futures, which found arsenic in all 145 rice samples purchased nationwide, cadmium in all but one sample, and lead and mercury in more than one-third of tested samples. The case is Wright et al v Inc, U.S. District Court, Western District of Washington, No. 25-00977. Sign in to access your portfolio
