Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     

AMAZON.COM, INC.

(AMZN)
  Report
Real-time Estimate Cboe BZX  -  07:40:33 2023-01-27 pm EST
102.11 USD   -0.13%
04:44pS&P 500 Posts 2.5% Weekly Gain Led by Consumer Discretionary, Technology as Q4 GDP, Some Earnings Top Expectations
MT
04:41pAustralia regulator to probe social media influencers for false endorsements
RE
04:25pWall Street ends higher, notches weekly gains as Fed meeting looms
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Alphabet-owned AI firm DeepMind shutters office in Canada's Edmonton

01/24/2023 | 02:42pm EST

(Reuters) - DeepMind Technologies, owned by Alphabet Inc, is closing its office in the Canadian city of Edmonton, a spokesperson for the AI firm said, just days after Google's parent announced it would lay off 12,000 employees.

London-based DeepMind's Edmonton office is the only international site directly managed by the artificial intelligence firm, making it far more resource-intensive to operate, the spokesperson said. All other DeepMind sites are housed within Google-managed offices.

Alphabet's layoffs follow thousands of layoffs at tech giants including Amazon.com Inc, Microsoft Corp and Meta Platforms Inc, which are cutting costs and downsizing after a pandemic-led hiring spree left them flabby in a weak economy. 

Researchers have been offered the option to relocate to another DeepMind office, such as DeepMind Montreal, based in Google's Montreal office, the spokesperson added.

Google acquired DeepMind in 2014, putting the tech giant ahead in the AI race than most of its peers. But competition escalated after Microsoft-backed OpenAI's chatbot ChatGPT boosted investor interest in the promise of generative artificial intelligence.

"I am confident about the huge opportunity in front of us thanks to the strength of our mission, the value of our products and services, and our early investments in AI," Alphabet Chief Executive Sundar Pichai said in the blog post on Jan. 20.

(Reporting by Chavi Mehta in Bengaluru and Jeffrey Dastin in Palo Alto; Editing by Maju Samuel)


ę Reuters 2023
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 1.90% 99.37 Delayed Quote.7.92%
AMAZON.COM, INC. 3.04% 102.24 Delayed Quote.15.69%
META PLATFORMS, INC. 3.01% 151.74 Delayed Quote.17.58%
MICROSOFT CORPORATION 0.06% 248.16 Delayed Quote.3.41%
All news about AMAZON.COM, INC.
04:44pS&P 500 Posts 2.5% Weekly Gain Led by Consumer Discretionary, Technology as Q4 GDP, Som..
MT
04:41pAustralia regulator to probe social media influencers for false endorsements
RE
04:25pWall Street ends higher, notches weekly gains as Fed meeting looms
RE
04:00pWall Street ends higher, notches weekly gains as Fed meeting looms
RE
03:27pAmazon.com Reportedly to Charge Prime Members Fees for Grocery Orders in Tier Amounts
MT
02:34pAmazon to Charge Fees on US Grocery Orders of Less than $150 Starting Feb. 28
MT
02:32pAmazon beats claim that warehouse quotas biased against older workers
RE
02:29pUS STOCKS-Wall Street advances, on course for weekly gains as Fed meeting looms
RE
06:51aFootwear brand taps Jitterbit to streamline sales, processes
AQ
03:36aTake Five: Goldilocks and the three bears
RE
More news
Analyst Recommendations on AMAZON.COM, INC.
More recommendations
Financials (USD)
Sales 2022 510 B - -
Net income 2022 -1 085 M - -
Net cash 2022 19 711 M - -
P/E ratio 2022 -941x
Yield 2022 -
Capitalization 1 043 B 1 043 B -
EV / Sales 2022 2,00x
EV / Sales 2023 1,81x
Nbr of Employees 1 608 000
Free-Float 85,8%
Chart AMAZON.COM, INC.
Duration : Period :
Amazon.com, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AMAZON.COM, INC.
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 53
Last Close Price 102,24 $
Average target price 136,36 $
Spread / Average Target 33,4%
EPS Revisions
Managers and Directors
Andrew R. Jassy President, Chief Executive Officer & Director
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Jeffrey P. Bezos Executive Chairman
Patricia Q. Stonesifer Independent Director
Jonathan Jake Rubinstein Lead Independent Director
Sector and Competitors
1st jan.Capi. (M$)
AMAZON.COM, INC.15.69%1 012 208
JD.COM, INC.12.44%98 799
JD HEALTH INTERNATIONAL INC.0.35%29 083
COUPANG, INC.9.31%28 537
ETSY, INC.13.42%16 910
ALIBABA HEALTH INFORMATION TECHNOLOGY LIMITED15.49%13 254