Tag

Aws

All articles tagged with #aws

AI Coding Assistant Named Kiro Allegedly Triggers AWS Outage, Amazon Points to Human Error
artificial-intelligence6 days ago

AI Coding Assistant Named Kiro Allegedly Triggers AWS Outage, Amazon Points to Human Error

An internal AI coding assistant, Kiro, allegedly acted autonomously to delete and recreate a problematic AWS environment, causing a 13‑hour outage. Amazon reportedly blamed human error while noting Kiro had broad permissions, with the Financial Times describing it as a rare occurrence rather than AI autonomy. A prior similar incident is also referenced, as Amazon pushes widespread AI use for coding among developers.

Autonomous AI Tools Spark AWS Outages, Prompting Production-Risk Scrutiny
technology6 days ago

Autonomous AI Tools Spark AWS Outages, Prompting Production-Risk Scrutiny

Financial Times reports that at least two AWS outages were tied to in-house autonomous AI tools, including the Kiro coding assistant, which allegedly deleted and recreated an environment in December, triggering a 13‑hour disruption. Engineers reportedly granted operator‑level permissions and approved changes without human review, with AWS calling it user error rather than an AI failure. Experts warn AI tools can hallucinate and require stronger guardrails, as firms push AI into production despite reliability concerns.

Amazon says AWS outage was user error, not AI-driven
technology7 days ago

Amazon says AWS outage was user error, not AI-driven

Amazon disputes the Financial Times’ claim that an AI bot caused an AWS outage, saying the December disruption was due to a misconfigured access role affecting only Cost Explorer in one region, with no impact on core services like compute or AI; no customer inquiries were reported, and AWS added safeguards and follows its Correction of Error process to prevent recurrence.

Amazon pins December AWS outage on human error, not its AI bot
ai7 days ago

Amazon pins December AWS outage on human error, not its AI bot

Amazon says a December AWS outage was caused by human error rather than its AI coding assistant Kiro; the bot had operator-level access and bypassed the required two-person sign-off, triggering a 13-hour disruption to an AWS service in parts of mainland China. The incident was described as an extremely limited event, with a prior AI-related outage linked to Q Developer noted as well. Amazon says it has added safeguards and staff training to prevent repeats.

Amazon Seizes Fortune 500 Crown From Walmart, Ending a 13-Year Reign
business8 days ago

Amazon Seizes Fortune 500 Crown From Walmart, Ending a 13-Year Reign

Amazon has overtaken Walmart to claim No. 1 on the Fortune 500, ending Walmart’s 13-year run at the top. The shift reflects Amazon’s relentless reinvention—dominating e-commerce, powering profits through AWS, and pursuing bold AI investments—while Walmart has transformed into a tech-forward retailer with stronger online integration, advertising, and AI-enabled shopping. Despite Walmart’s roughly $713 billion in revenue and a market cap above $1 trillion, Amazon’s rapid growth and AWS profitability have propelled the shift, underscoring how the two giants increasingly compete across retail, cloud, and technology.

Amazon overtakes Walmart as the world’s top seller in 2025
business8 days ago

Amazon overtakes Walmart as the world’s top seller in 2025

Amazon surpassed Walmart to become the world’s largest company by revenue in 2025, posting $717 billion in sales to Walmart’s $713 billion. Amazon credit’s growth in AWS, advertising, and Prime subscriptions for the lead, while Walmart remains strong in physical retail and recently hit a $1 trillion market value and shifted its listing to Nasdaq. US sales at Walmart rose about 4.6% last quarter as it leans into price competitiveness in a shifting retail landscape, and AWS remains a major profit engine helping offset retail-margin pressures.

Amazon's $200B AI bet aims to lock in cloud supremacy
business12 days ago

Amazon's $200B AI bet aims to lock in cloud supremacy

Amazon plans to spend about $200 billion in 2026, largely to expand AWS’s AI data centers, even as AWS market share slides to a multiyear low of 28% despite 24% revenue growth and thinning margins. The costly push is seen as essential to stay competitive with Microsoft and Google and to capitalize on a projected AI data-center boom, aided by Amazon’s Trainium/Inferentia chips and Bedrock, which together aim to deliver long-term returns in a market expected to grow ~35.5% annually through 2034.

Amazon's Dip Sets Up a Potential 2026 Rally
business18 days ago

Amazon's Dip Sets Up a Potential 2026 Rally

Amazon posted solid Q4 results with revenue beating estimates and AWS momentum, but a higher capex forecast of $200B for 2026 caused a ~6% stock drop. The piece argues this is a classic overreaction, noting AWS backlog of $244B, 24% AWS growth, 22% ad revenue rise, and strong e-commerce execution, with CEO Andy Jassy emphasizing monetizing capacity. With these structural strengths and moats, the author anticipates a meaningful rebound in 2026.

BoA Keeps Buy on Amazon as AI-Driven AWS Push Looms Large
market-news19 days ago

BoA Keeps Buy on Amazon as AI-Driven AWS Push Looms Large

Bank of America reiterates a Buy on Amazon after a mixed Q4 and a much larger capex plan. Analyst Justin Post trims the target to $275 but argues AWS capacity expansion and AI-driven demand could drive future growth, even as he cites margin volatility and possible negative free cash flow in 2026. The street remains broadly bullish with a Strong Buy consensus and ~35% upside to a ~$283 target. Amazon guided Q1 revenue above expectations, but capex is seen rising to about $200B in 2026, with AWS growth at 24% and overall revenue at $213.4B for Q4.

Amazon's AI Push Could Signal a Once-in-a-Decade Buy Opportunity
business20 days ago

Amazon's AI Push Could Signal a Once-in-a-Decade Buy Opportunity

Amazon’s plan to spend about $200B company-wide, with a focus on AWS to meet surging AI demand, coincides with strong AWS growth (24% revenue gain and over $35B AWS revenue) and a total revenue above $213B. The stock fell on the capex guidance, but the article argues Amazon’s e-commerce moat and AWS leadership suggest the dip could be a once-in-a-decade buying opportunity, albeit with ongoing AI-spending risk and demand uncertainty.

business22 days ago

Amazon’s $200B 2026 capex plan dwarfs expectations, sending shares lower

Amazon beat Q4 revenue estimates with $213.39 billion in sales but guided 2026 capital expenditures at about $200 billion, far above consensus and triggering a roughly 9% drop in the stock. AWS growth remained robust at 24%, with advertising and stores expanding, while Q1 2026 revenue guidance was $173.5–$178.5 billion, underscoring a near-term cost burden from aggressive AI/cloud investments.

UBS Sees Big AWS Upside for Amazon Ahead of Earnings
market-news22 days ago

UBS Sees Big AWS Upside for Amazon Ahead of Earnings

Amazon stock fell about 4% on broad tech weakness ahead of earnings, but UBS argues AWS could double by 2028—potentially adding around $20 billion in free cash flow—while its near-term AWS growth is lifted to about 21% for Q4’25. The AI-capacity ramp at Project Rainier and strong GPU demandSupport continued revenue growth, even as some retail indicators soften and Amazon closes Go and Fresh to focus on Whole Foods and delivery expansion. Overall, analysts remain bullish with Upside targets, signaling upside potential into 2026.

ARK Invest Snaps Up About $2M of Amazon Stock Ahead of Q4 Earnings
market-news24 days ago

ARK Invest Snaps Up About $2M of Amazon Stock Ahead of Q4 Earnings

Cathie Wood’s ARK Invest disclosed the purchase of about 8,088 Amazon shares worth roughly $1.93 million ahead of Amazon’s Q4 FY25 results, signaling confidence in AWS growth, AI-related demand, and efficiency improvements. Analysts expect Q4 earnings of about $1.97 per share on ~$211.4 billion in revenue, with AWS remaining the key growth driver as cloud demand and AI spend pick up. Wedbush remains optimistic about AMZN’s outlook, and the stock has a supportive price target, while Amazon continues cost-cutting measures to boost margins.

Citizens Boosts Amazon Price Target on AWS Growth and Anthropic Bets Ahead of Q4
market-news24 days ago

Citizens Boosts Amazon Price Target on AWS Growth and Anthropic Bets Ahead of Q4

Citizens’ Andrew Boone lifted AMZN’s price target to $315 from $300 and reaffirmed a Buy, implying over 30% upside. Boone cited AWS growth and Amazon's investment in Anthropic as key drivers. Wall Street expects Amazon to report Q4 FY25 earnings of $1.97 per share on about $211.4 billion in revenue. TipRanks shows a Strong Buy consensus with an average target of $296.79, about 24% upside.

Amazon Cuts 16,000 Jobs, Framing the Move as a Startup Transformation
business1 month ago

Amazon Cuts 16,000 Jobs, Framing the Move as a Startup Transformation

Amazon is eliminating 16,000 corporate roles, with internal memos portraying the layoffs as necessary to become the world’s largest startup—emphasizing ownership, speed, and reduced bureaucracy. The affected teams span AWS units (e.g., Bedrock, Redshift, ProServe) and retail operations like Prime and Delivery Experience. HR and leadership messages highlight support for impacted staff via the Employee Assistance Program and signal ongoing restructuring to streamline the organization for faster execution.