Browsing: Jeff Bezos

Bezos may soon be world’s richest person

A surge in after-hours trading for added US$3,3bn to the fortune of Jeff Bezos, putting him less than $5bn away from becoming the world’s richest person. Bezos saw his fortune surpass $80bn for the first time

AI to fuel Amazon’s growth: Bezos is embracing artificial intelligence to deliver goods more quickly, enhance its voice-activated Alexa assistant and create new tools sold to others through its cloud computing division, CEO Jeff Bezos said in his annual

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Bezos billions fund space project

Internet billionaire and aspiring rocket man Jeff Bezos said he sells US$1bn/year in stock to fund Blue Origin, the company fuelling his dream of sending people into space. “My business model right now for

SpaceX pulls off first reused rocket mission

Elon Musk’s SpaceX flew a reused rocket to space and back again, a key milestone to reducing launch costs and one day enabling people to live on other planets. A SpaceX Falcon 9 rocket rumbled aloft, deposited a customer’s

Jeff Bezos now world’s second richest person

Jeff Bezos has leapt past Amancio Ortega and Warren Buffett to become the world’s second richest person. Bezos, 53, added US$1,5bn to his fortune as rose US$18,32 on Wednesday, the day after the

Netflix’s next move: battling cinema

Will Smith’s next movie — part cop flick, part sci-fi — has all the makings of a Hollywood blockbuster except one. When Bright is released later this year it’ll be playing on Netflix’s streaming service, not thousands of cinema screens. Once an industry

Bezos seeks to commercialise space tourism

The motto at billionaire Jeff Bezos’s rocket company is “gradatim ferociter”, Latin for “step by step, ferociously”. The founder sees applying that intensity toward making space travel more like hopping on an aeroplane

SpaceX to fly two people around the moon

Elon Musk’s SpaceX plans to send two private citizens on a trip around the moon late next year as it continues to work with Nasa for a planned crewed mission to the International Space Station. The passengers

Amazon sets sights on $200bn ad industry

From’s origins as a virtual bookstore, it became an online mall for every product imaginable. Then the company stealthily built a computing utility business that now generates the majority of its profit, and

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