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Jeff Bezos sells more than $2.4B in Amazon stock

GeekWire

Bezos said in 2017 that he was selling $1 billion a year to fund his Blue Origin space venture, but he has been increasing the size and frequency of the stock sales recently. Bezos is the world’s richest person, currently with a net worth of $191 billion, according to Bloomberg. (GeekWire File Photo / Kevin Lisota).

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Amazon pours up to $4B into AI startup Anthropic, escalating rivalry with Microsoft and Google

GeekWire

The investment and expanded partnership includes a commitment by Anthropic to make Amazon Web Services its main cloud provider. billion purchase of Whole Foods in 2017 and its $8.5 Specific terms of the investment and the size of Amazon’s stake were not disclosed. billion acquisition of One Medical this year. .

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Amazon’s cloud business and AI initiatives in the spotlight in advance of earnings report

GeekWire

Wall Street analysts expect the company to report net sales (revenue) of $131.5 In its prior guidance for the second quarter, Amazon said it expected net sales between $127 billion and $133 billion; and operating income between $2 billion and $5.5 Amazon Web Services revenue growth declined to 15.8% billion, up 8.5%

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This forensic accounting startup in Seattle is helping lawyers solve fraud investigations

GeekWire

Common use cases include divorce disputes between high net-worth individuals, insurance companies auditing for Medicare fraud, and chapter 11 bankruptcies. Valid8 Photo) Founded in 2017 and a graduate of Techstars Seattle, Valid8 recently raised $1.25 ” Valid8 co-founder and CEO Chris McCall. . That follows a $6.3

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Cloud startup Snowflake reveals financials in IPO filing as it battles Amazon, Microsoft, others

GeekWire

based company said it more than doubled revenue to $242 million in the first half of 2020, with a net loss of $171.3 Founded in 2012, Snowflake sits in a unique position among other cloud service providers, partnering with giants such as Amazon and Microsoft but also competing against them. The San Mateo, Calif.-based

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Amazon closes acquisition of One Medical, lowers price of primary care membership

GeekWire

billion in revenue last year, up 68% from the year prior, with a net loss of $144.1 billion purchase of Whole Foods in 2017 , and its $8.5 In 2021, the company shut down its Haven healthcare joint venture with Berkshire Hathaway and JPMorgan Chase, and last year it closed its Amazon Care primary care service. It posted $1.04

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Snowflake stock soars in largest software IPO ever; Madrona among earlier venture investors

GeekWire

The Seattle-based firm invested in 2017 when the company’s valuation was around $500 million, said Madrona Managing Director S. In 2017 Madrona invested in a Series E round for healthcare startup Accolade, which opened a second headquarters location in Seattle in 2015. Soma” Somasegar. Accolade went public earlier this year.

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