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Marc Wulfraat - 4 — - 2 MWPVL - 2 Amazon's - 2 Meta - 1 Mark Zuckerberg - 1 IBM's Jonathan Adashek Meta - 1 Kairos Power - 1
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7 mentions found


☆ A rare bee species reportedly put an end to Meta's plans for a nuclear-powered AI data center
  + stars: | 2024-11-04 | by ( Sarah Jackson | ) www.businessinsider.com   time to read: +3 min
A rare bee species reportedly threw a wrench in Meta's plans for an AI data center. Other tech giants are spending billions on data centers to further their AI ambitions. A rare species of the insect threw a wrench in the company's plans for an AI data center, the Financial Times reported Monday. Rivals, including Google, Amazon, and Microsoft, also invest billions in data centers to power their AI. AdvertisementThe boom in data centers to power AI also comes with high costs environmentally, not just financially.
Persons: Meta, —, Mark Zuckerberg, IBM's Jonathan Adashek Meta, Kairos Power, Marc Wulfraat, MWPVL Organizations: Service, Financial Times, Google, Microsoft, Kairos, Bloomberg, McKinsey
☆ Amazon's AI data center dream runs into the reality of 'zombie' facilities, higher costs, and labor shortages
  + stars: | 2024-10-23 | by ( Eugene Kim | ) www.businessinsider.com   time to read: +13 min
Electricity and labor headwinds slow Amazon's data center buildout. AdvertisementAmazon is spending heavily on data centers to support booming AI workloads, putting it on pace to build 240 new facilities by 2040, one estimate found. David Cahn, a Sequoia Capital general partner, recently predicted data center delays across the sector. Bernstein Research recently estimated that electricity demand for AI data centers could exceed supply in just two years without action. An Amazon data center in Oregon.
Persons: —, It's, David Cahn, Marc Wulfraat, MWPVL, we've, Bernstein, Amazon's, Matt Garman, JOSH EDELSON, Garman, Manuel Pineda, Pineda, Owens Corning Organizations: Service, Sequoia Capital, Energy, Amazon, Boston Consulting Group, Bernstein Research, Business, Web, San Francisco 49ers, BI, AWS, Uptime Institute, Center, Survey Locations: AMER, Americas, Oregon , Ohio, Northern Virginia, Amazon's Portland, Arizona, Indiana, Pennsylvania, Silicon Valley, Santa Clara , California, Santa Clara, Levi's, City, Santa, Oregon
☆ How major retailers Amazon, Best Buy, Costco, Home Depot prepared for the port strike
  + stars: | 2024-10-01 | by ( Paulina Likos | ) www.cnbc.com   time to read: +6 min
Club holdings Amazon , Costco , Home Depot , and Best Buy have been preparing for the port strike for months — attempting to blunt any fallout it might have on their abilities to get goods from overseas. They added that 60% to 70% of those imports arrive at East Coast and Gulf Coast ports. To put things in perspective, for retail goods, the East Coast ports are less utilized than the West Coast ports, Basham said. Due to its size, however, Best Buy often gets priority from its shippers, which could help secure goods faster than smaller competitors. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Walkouts, We're, Jeff Marks, Seth Basham, Basham, Lorraine Hutchinson, Bank of America Merrill Lynch, it's, They're, Ron Vachris, We've, Marc Wulfraat, Wulfraat, Wedbush's Basham, Jim Cramer's, Jim Cramer, Jim, Maher, Shannon Stapleton Organizations: Longshoremen's Association, United States Maritime Alliance, U.S, Costco, Home, CNBC, Barclays, Retailers, Bank of America, International Longshoremen's Association Locations: East Coast, Gulf, Maine, Texas, Gulf Coast, East, West Coast, Elizabeth , New Jersey, U.S
☆ Amazon has a plan to expand the number of items eligible for free Prime shipping that won't require it to build more warehouses
  + stars: | 2023-06-15 | by ( Eugene Kim | ) www.businessinsider.com   time to read: +4 min
Amazon is reopening enrollment for a program it paused years ago. Seller Fulfilled Prime allows third-party sellers to ship Prime-eligible products directly, without using Amazon's warehouses. This may help Amazon expand Prime offerings without having to significantly expand warehouses. Amazon is reopening sign-ups for Seller Fulfilled Prime (SFP), a delivery program that allows third-party sellers to ship Prime-eligible products out of their own warehouses, after a roughly 4-year pause. In a note to sellers earlier this week, Amazon said new seller enrollment for SFP will begin later this year.
Persons: Amazon, Amazon's, SFP, Sellers, Steve Denton, Denton, Marc Wulfraat, Eugene Kim Organizations: SFP, Amazon, UPS
☆ Amazon will take years to recover from a warehouse overbuilding binge during the pandemic. In 2022, it still added a third of Walmart's total capacity.
  + stars: | 2023-01-05 | by ( Eugene Kim | ) www.businessinsider.com   time to read: +3 min
The company scaled back warehouse expansion last year in the face of an economic downturn. Amazon grew its warehouse footprint by 125 million square feet in 2020 and 137 million square feet in 2021, Wulfraat estimated. Amazon currently uses about 65% of its total warehouse capacity, lower than the 85% levels from 2019, Wulfraat estimated. That's because Amazon over-expanded in recent years, with warehouse growth "materially" outpacing product sales growth, he said. The company saved up to $4 billion last year when it scaled back warehouse expansion plans, according to Wulfraat.
☆ Amazon may have slowed its warehouse expansion, but it still added space equal to half of Walmart's distribution capacity this year
  + stars: | 2022-12-16 | by ( Emma Cosgrove | ) www.businessinsider.com   time to read: +4 min
Even so, Amazon's warehouse footprint is "remarkable" compared to competitors, analysts say. Amazon added roughly half of Walmart's distribution network this year and will keep adding in 2023. The company delayed new building openings and canceled 11 million square feet of projects this year, according to Wells Fargo, citing Wulfraat. But Amazon's moves are by no means a retreat since the company continues to improve delivery speeds and dominate the US market in terms of warehouse footprint. Between 2020 and 2022, Amazon added more than 200 million square feet of warehouse space, doubling its physical footprint in the United States.
☆ The new blue-collar workplace reshaping America, for better or worse
  + stars: | 2022-10-19 | by ( Jake Swearingen | ) www.businessinsider.com   time to read: +6 min
Local operators have installed prayer rooms and hung flags from workers' home countries in office bullpens to attract and retain staff. Warehouse work pays well — often double the local minimum wage — for people without college degrees or specialized trade skills. Organizing efforts have sprung up, as some unions see the pace and danger of warehouse work as a chance to mobilize. A leaked memo from 2021, first reported by Recode, showed Amazon warehouses had annual turnover of 159% in 2020. Amazon employs more warehouse workers than any other company, with a US warehouse workforce of roughly 700,000 people.
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