Amazon

Laurene Powell Jobs joins Amazon in backing nuclear startup X-Energy in $700M round

Fundraising /

Nuclear startup X-Energy has added $200 million to an existing $500 million Series C round. The small module reactor specialist previously announced a deal with Amazon in October, which included an investment and development agreements to build 300 megawatts worth of nuclear power plants in the Pacific Northwest. New investors in the round include Ares […]

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Amazon continues renewable energy spree with 476 MW purchase

Enterprise /

Renewables notched another win as Amazon signed contracts to buy 476 megawatts of wind and solar on the Iberian Peninsula.  The power purchase agreements with multinational utility Iberdrola should help Amazon feed new data centers it has planned in the region. Last May, the company said it would invest $17 billion in infrastructure projects, including

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Amazon hikes prices for its Music Unlimited subscriptions

Media & Entertainment /

Amazon is the latest company to announce a price hike for its music streaming subscriptions. The company revealed this week that the price of an Amazon Music Unlimited Individual plan for Prime members is going from $9.99 per month to $10.99. As for subscribers without a Prime membership, the price of their subscription is going

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Bookshop.org challenges Amazon with new e-book platform

Media & Entertainment /

Indie bookstore backer Bookshop.org launched an e-book platform on Tuesday, making it easier for readers to buy e-books without padding Jeff Bezos’s pockets. For years, Amazon’s chokehold and sway in the publishing industry have been so strong that authors and booksellers have accused the company of operating a monopoly. Amazon is dominant in the sale

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Google commits to combatting fake reviews in the UK after 5-year probe

Commerce /

The U.K.’s antitrust regulator has reached an agreement with Google to counter the scourge of fake online reviews. The internet giant has committed to several remedies. Bogus endorsements have blighted the web since the creation of user reviews, which is why regulators around the world have been upping the ante on tech companies to put

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Madrona just announced its biggest fund ever, closing on $770M as other venture funds grow smaller

Fundraising /

Seattle-based Madrona Capital is celebrating its 30 years in business by raising $770 million in fresh capital. This is the firm’s largest fundraise to date, exceeding $690 million across two funds Madrona closed in 2022.  While an 11% capital pool upsize may not seem significant, any increase at a time when many venture outfits are

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