Amazon Invests $500M in X-energy IPO, Commits 5GW Nuclear Power
Amazon invested $500M in X-energy’s Series C-1 and will purchase up to 5GW of nuclear power by 2039 to support its data center and AI infrastructure. It launched exclusive Prime Video coverage of the SoFi NBA Play-In Tournament and expanded Oracle Cloud Infrastructure connectivity with AWS.
1. Nuclear Investment in X-energy
Amazon backed nuclear startup X-energy’s upcoming IPO with a $500 million Series C-1 investment and committed to purchasing up to 5 gigawatts of nuclear power by 2039, aiming to lower data center emissions and secure long-term energy supply for its expanding AI infrastructure.
2. Exclusive NBA Play-In Streaming
Prime Video will present exclusive coverage of the SoFi NBA Play-In Tournament, including alternative commentary from Michigan’s ’Fab Five’ for the Final Four on truTV and HBO Max, reinforcing Amazon’s push to drive subscriber engagement through live sports content.
3. Expanded Oracle Multicloud Partnership
Amazon Web Services and Oracle expanded their multicloud partnership to deliver high-performance connectivity between AWS and Oracle Cloud Infrastructure, enabling customers to run applications across both environments and streamline data movement for AI and analytics workloads.
4. Theatrical Entertainment Push
Following the MGM acquisition, Amazon showcased new theatrical release strategies at CinemaCon, signaling a shift from home-focused streaming to leveraging movie theaters as part of its broader entertainment distribution network.