The artificial intelligence (AI) revolution is well under way. The AI market was valued at around $190 billion in 2023. By 2033, however, the United Nations predicts the market will be worth nearly $5 trillion.

Data graph platform Apollo GraphQL co-founder and Chief Technology Officer Matt DeBergalis is moving up to CEO, succeeding co-founder and CEO Geoff Schmidt, who will remain at Apollo in a new role focused on advancing the company’s technology and the GraphQL ecosystem.

For Silicon Valley giants, getting ahead in the artificial intelligence race requires more than building the biggest, most capable models; they’re also competing to get third-party developers to build new applications based on their technology.

Amazon Web Services joined the agentic AI frenzy in a big way this week, revealing at a New York City event Wednesday a host of services and tools dubbed Agentcore that let technologists build and deploy so-called AI agents capable of automating internal tasks while potentially overhauling the way consumers interact with online businesses too.

Paul Chew at Phillip Securities has set Alphabet with a target price of $250 per share. That implies 37% upside from its current share price of $183 . It also implies a market value of $3 trillion. Here's what investors should know about Amazon and Alphabet.

AgentCore-powered agents and other AI applications can keep their data in Amazon S3 Vectors, a new storage offering that also debuted at AWS Summit today. It’s optimized to store vectors, the mathematical structures in which neural networks encode their data. AWS says that the offering costs 90% less than alternative services.

Amazon has laid off hundreds of employees in its AWS cloud division as part of a broader restructuring effort driven by the growing adoption of generative AI and CEO Andy Jassy's push to streamline operations.

Amazon Web Services is preparing to launch a new AI agent marketplace, according to information acquired by TechCrunch. Anthropic is expected to be one of its partners in the endeavor. The marketplace is likely to open on July 15, just after its official announcement at the AWS Summit in New York City.

Amazon.com, Inc. (NASDAQ:AMZN) ranks among the best forever stocks to invest in. On July 11, Piper Sandler maintained its Overweight rating on Amazon.com, Inc.

Amazon Web Services (AWS) has unveiled Kiro, an IDE which uses AI agents to streamline the development process. Available now in preview, Kiro looks to cut down on potential issues with " vibe coding ", the process where agents are being asked to create and build software with minimal human interaction.