Amazon announced its Q1 2026 financial results, reporting revenue of $181.5 billion and a net income of $30.3 billion. Notably, $16.8 billion of this profit stemmed from a mark-to-market gain on its investment in Anthropic, rather than from core operations. AWS revenue grew by 28% to $37.6 billion, marking its fastest growth in three years, while the company's capital expenditure increased significantly to $44.2 billion. Excluding the Anthropic gain, Amazon's operating profit stood at $23.9 billion. CEO Andy Jassy highlighted continued strong demand for AWS, with enterprise customers committing to long-term cloud and AI contracts.
Amazon Reports Strong Q1 2026 Revenue Driven by Anthropic Investment Gains
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Elon Musk Claims AI Will Surpass Human Intelligence by Next Year in OpenAI Trial
Elon Musk testified in U.S. District Court that artificial intelligence could become smarter than humans as soon as next year. His comments came during the opening day of a trial concerning his lawsuit against OpenAI and CEO Sam Altman, where he accuses them of straying from the nonprofit mission of the organization. Musk emphasized the urgent need to instill values like honesty and integrity in AI systems before they surpass human intelligence, likening its development to raising a child that eventually grows beyond parental control. He criticized Altman for prioritizing profit and commercialization over the original charitable goals of OpenAI, stating that the organization was founded to ensure AI benefits humanity rather than serve corporate interests. Musk's legal team aims to restore OpenAI's commitment to developing safe, open-source AI, free from profit constraints.
