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AMZN

Amazon to Invest Over $5 Billion in Data Centers in Taiwan

Amazon plans to invest over $5 billion in a cluster of data centers in Taiwan. The investment will support the launch of a new cloud services region on the island...

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Mairs & Power Growth Fund Q1 2025 Commentary

The Mairs & Power Growth Fund was down 4.69% in the first quarter of 2025, slightly underperforming the Fund’s peer group. Read more here...

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AMZN

Amazon to invest over $5 billion in new AWS region in Taiwan

Amazon announced the launch of the Amazon Web Services (AWS) Asia Pacific (Taipei) Region on Thursday, along with plans to invest more than $5 billion to support the construction, connection, operation, and maintenance of its data centers in Taiwan...

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AMZN

Amazon Launches Infrastructure Region in Taiwan

SEATTLE, June 06, 2025--Amazon (NASDAQ: AMZN) today announced the launch of the AWS Asia Pacific (Taipei) Region. The new AWS Region will give developers, startups, entrepreneurs, and enterprises, as well as education, entertainment, financial services, healthcare, manufacturing, and nonprofit organizations, greater choice for running their applications and serving end users from AWS data centers located in Taiwan, ensuring that customers who want to keep their content onshore can do so. As part...

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AMZN

Amazon cuts more jobs, this time in books division

SAN FRANCISCO (Reuters) -Amazon has cut jobs in its books division, including at its Goodreads review site and Kindle units, the company said on Thursday. The Seattle-based retailer said that fewer than 100 workers were impacted and the move was meant to improve efficiency and streamline operations. "As part of our ongoing work to make our teams and programs operate more efficiently, and to better align with our business roadmap, we’ve made the difficult decision to eliminate a small number of roles within the Books organization," an Amazon spokesperson said in a statement...

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Mairs & Power Balanced Fund Q1 2025 Commentary

AMZN

UK secures action from Amazon to tackle fake reviews

LONDON (Reuters) -Amazon has committed to do more to tackle fake reviews, including sanctioning British businesses that boost their ratings through bogus posts, the country's competition watchdog said on Friday. Following a four-year probe, the Competition and Markets Authority (CMA) said Amazon's undertakings also addressed its concerns about 'catalogue abuse' where sellers use the reviews of well-performing unrelated products to boost ratings and mislead customers. Amazon also committed to robust processes to quickly detect and remove fake reviews and catalogue abuse, the CMA said...

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AMZN

Amazon UK commits to working harder to tackle fake reviews

The CMA investigated Amazon over concerns the retail giant was failing to take adequate action to protect consumers from fake reviews...

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AMZN

Amazon vows to clamp down on fake reviews dubbed ‘catalogue abuse’

Some sellers have hijacked the reviews of well-performing products in order to falsely boost the star rating...

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AMZN

Amazon Launches Agentic AI Group to Enhance Its Warehouse Robots, Reports Say

Amazon has assembled a research and development team to develop an agentic artificial intelligence framework for its robotics division, according to reports...

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