(Bloomberg) -- Amazon.com Inc. hired top executives and other employees from startup Adept AI Labs Inc., a move by the e-commerce and cloud-computing giant to bolster the development of artificial general intelligence, an advanced version of AI that can think like a human.Most Read from BloombergGavin Newsom Is Ready for the Biden EmergencyThe Question on Democrats’ Minds: How to Replace Biden?Biden’s Disastrous Debate Accelerates Doubts Over CandidacySupreme Court Overturns Chevron Rule in Blow...

(Reuters) -Amazon.com hired away artificial intelligence startup Adept's co-founders and some of its team in a move that echoes one by rival Microsoft, as it seeks to battle a perception that it is playing catch-up in AI. Adept said in a blog post Friday that cofounder and CEO David Luan, as well as several other co-founders and employees were leaving to join Amazon. The San Francisco-based startup, which has raised over $410 million and is valued above $1 billion, already named a new CEO...

Amazon is reviewing claims that the artificial intelligence startup Perplexity AI is scraping content — including from prominent news sites — without approval. Amazon spokesperson Samantha Mayowa confirmed Friday that the tech giant was assessing information it received from the news outlet WIRED, which published an investigation earlier this month that said Perplexity appeared to scrape content from websites that had prohibited access from such practices. Perplexity uses servers by Amazon Web Services, otherwise known as AWS...

In today’s edition of Good Buy or Goodbye, host Julie Hyman scopes out the relationship between retail and artificial intelligence with GraniteShares founder and CEO Will Rhind.  Rhind rates Amazon (AMZN) a "good buy," noting the momentum surrounding the company’s $2 trillion market capitalization. He explains how Amazon Web Services is benefiting from AI demand and points to Amazon’s cost-cutting and efficiency measures as another tailwind.  On the other hand, Rhind would avoid Walgreens Boots Alliance (WBA), citing disappointing third quarter earnings, consumer weakness concerns, and the lack of an AI story against the challenges of the traditional retail model. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This article was written by Gabriel Roy...

The tech and e-commerce giant has delivered solid growth over the past year, but it has plenty of room left to run...

Just like Amazon stock the past week, IPO Stock Of The Week and fintech leader Kaspi.kz broke out past a buy point. Kaspi stock is on Investor's Business Daily's IPO Leaders screen and is one of the best stocks to watch. In each of the last four quarters, Kaspi has generated at least $1 billion in revenue...