Amazon (AMZN) investors closed off the week with the stock closing -2.86% the last 5 days, which means it sits at +8.95% YTD.
Here's this weeks news on Amazon - let's go through it together.
2. 5G PARTNERS & AWS TELCO BUILDER
3. HUGGING FACE COLLAB
4. ANALYST CHANGES
LEGEND: Positive News | Neutral News | Negative News
Amazon has closed their massive $3.9B acquisition of One Medical. This deal did see some regulation hurdles but everything has been cleared now.
This marks another serious move into healthcare from Amazon (previously bought PillPack and launched their RxPass). It's clear healthcare is a focus for Amazon in the coming years.
Amazon and T-Mobile are partnering to launch a private 5G network for businesses. The goal is to delivery more secure and reliable 5G network connectivity to business clients - increasing the value for them.
Along this same vain, AWS also announced a new Telco Builder. This new tool allows for automatic deployment and management of telco networks on the AWS platform.
The result?
A more efficient solution for Telco's to build and scale in the cloud.
Amazon and Hugging Face have entered a collaboration (through AWS) with the goal to advance AI and make it open to everyone (jab at OpenAI?).
The deal means Hugging Face will use AWS for it's deployments and can in turn take advantage of all the toolsets offered in AWS. This will help minimize costs and maximize efficiency.
The CEO of Hugging Face stated that "Amazon SageMaker and AWS-designed chips will enable our team and the larger machine learning community to convert the latest research into openly reproducible models that anyone can build on".
This is exciting and appears to be Amazon's responsive in entering the AI race.
4. ANALYST CHANGES
There were no changes to analyst ratings this week for Amazon.
We look forward to spending a few minutes with you next Sunday for some new Amazon news!
Disclosure: I am a Amazon.com (AMZN) shareholder at the time of publishing.