Amazon.com, Inc. (NASDAQ:AMZN) is one of the best long term stocks to invest in according to billionaires. Reuters reported on March 17 the signing of a new deal by OpenAI to sell access to its AI models to U.S. defense and government agencies through Amazon.com, Inc.’s (NASDAQ:AMZN) cloud unit for classified and unclassified work. It stated that the contract allows OpenAI to support the Pentagon under a deal it secured last month after Anthropic was dropped as the agency’s previous AI provider.
Reuters also provided additional context, stating that Anthropic’s relationship with the Pentagon collapsed after the former refused an unrestricted military use of its AI, especially for autonomous weapons and domestic surveillance. Following this, it was cut from government work and labeled as a “supply chain risk”.
Reuters also reported on March 17 that Amazon.com, Inc. (NASDAQ:AMZN) is offering 1-hour and 3-hour shipping in markets across the United States to ramp up its speedy delivery service. These markets include Chicago and Los Angeles, and mark the company’s latest step forward in the competitive e-commerce game from its biggest rival, Walmart.
Amazon.com, Inc. (NASDAQ:AMZN) provides its customers with a range of products and services. It offers advanced tools for AR and VR developers through its Amazon Web Services (AWS) platform.
While we acknowledge the potential of AMZN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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