Technology

Amazon Prime now includes a Grubhub food-delivery subscription

Published

1 year ago

May 30, 2024

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An Amazon worker delivers packages on Cyber Monday in New York, US, on Monday, Nov. 27, 2023.

Stephanie Keith | Bloomberg | Getty Images

Amazon is offering Prime members free Grubhub subscriptions in its latest effort to sweeten the perks of the $139-a-year loyalty program.

The e-commerce giant previously gave Prime members a yearlong subscription to Grubhub, which includes free delivery on orders over $12. The deal announced Thursday makes the food-delivery service a permanent fixture of Amazon’s membership program. As part of the move, people without Prime can also place Grubhub orders directly through Amazon’s website and mobile app.

Amazon has steadily added to its stable of Prime benefits in recent years as it looks to attract and retain members, while facing growing competition from Walmart and Target‘s loyalty programs. The company has added discounted One Medical memberships to the program, alongside existing perks like fast shipping and video streaming.

Amazon in July 2022 secured the rights to take a 2% stake in Grubhub, the U.S. subsidiary of Just Eat Takeaway.com. Just Eat said Amazon could increase its stake to 15% of Grubhub if it meets certain performance factors, such as the number of new customers added.

Amazon once operated a food-delivery service that competed with companies like Grubhub, Uber Eats and DoorDash. It launched Amazon Restaurants in 2015, allowing Prime members to order meals from local restaurants, which were then delivered by its fleet of drivers.

The company shuttered Amazon Restaurants four years later to focus on grocery delivery. It has grown its selection of nonperishable items and pantry staples available through its site. In addition, Amazon offers online ordering from its Whole Foods and Fresh supermarkets.

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Technology

Ether falls 7% following a multimillion dollar hack of a decentralized finance protocol

Published

2 hours ago

November 3, 2025

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Ether falls 7% following a multimillion dollar hack of a decentralized finance protocol

Representation of Ethereum, with its native cryptocurrency ether.

Dado Ruvic | Reuters

Ether fell as much as 9% on Monday, slipping below its critical $3,600 support level, shortly after a multimillion dollar hack affected a protocol on the token’s native network.

The cryptocurrency, which is issued on Ethereum, was last down 6.6% at around $3,600, CoinMetrics data shows. That’s roughly 25% off its high of $4,885 hit on August 22.

The coin’s tumble came after Ethereum-based decentralized finance protocol Balancer on Monday lost possibly more than $100 million in a hack. The exploit marks the latest in a series of bearish events that have put digital assets investors on tenterhooks over the past few weeks.

In mid-October, U.S. President Donald Trump announced “massive” tariffs on China over its restriction of rare earth exports, kicking off investors’ flight from crypto to risk-off assets such as gold. And although the president later walked back that threat, his comments sparked a sell-off that triggered cascading liquidations of highly leveraged digital asset positions.

Last week, Federal Reserve Chair Jerome Powell cautioned investors about expecting future rate cuts, adding to existing bearish market sentiment.

“These events have put investors on uneasy footing as we roll into November,” Juan Leon, senior investment strategist at Bitwise, told CNBC. “Macro volatility notwithstanding, this October’s drawdown appears to have been a healthy, albeit sharp, de-leveraging event that flushed speculative excess from the market.”

Some stocks linked to digital assets are also coming under pressure. Coinbase shares were down nearly 4%, while Bitcoin treasury firm Strategy edged down more than 1%.

Technology

Nvidia adds nearly $100B in market cap in a matter of days. Here is what’s going right

Published

4 hours ago

November 3, 2025

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Nvidia adds nearly 0B in market cap in a matter of days. Here is what's going right

Technology

Lambda, Microsoft agree to multibillion-dollar AI infrastructure deal with Nvidia chips

Published

5 hours ago

November 3, 2025

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Lambda, Microsoft agree to multibillion-dollar AI infrastructure deal with Nvidia chips

In this photo illustration, a person is holding a smartphone with the logo of US GPU hardware company Lambda Inc. (Lambda Labs) on screen in front of website.

Timon Schneider | SOPA Images | AP

Cloud computing startup Lambda announced on Monday a multibillion-dollar deal with Microsoft for artificial intelligence infrastructure powered by tens of thousands of Nvidia chips.

The agreement comes as Lambda benefits from surging consumer demand for AI-powered services, including AI chatbots and assistants, CEO Stephen Balaban told CNBC’s “Money Movers” on Monday.

“We’re in the middle of probably the largest technology buildout that we’ve ever seen,” Balaban said. “The industry is going really well right now, and there’s just a lot of people who are using ChatGPT and Claude and the different AI services that are out there.”

Balaban said the partnership will continue the two companies’ long-term relationship, which goes back to 2018.

A specific dollar amount was not disclosed in the deal announcement.

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Founded in 2012, Lambda provides cloud services and software for training and deploying AI models, servicing over 200 thousand developers, and also rents out servers powered by Nvidia’s graphics processing units.

The new infrastructure with Microsoft will include the NVIDIA GB300 NVL72 systems, which are also deployed by hyperscaler CoreWeave, according to a release.

“We love Nvidia’s product,” Balaban said. “They have the best accelerator product on the market.”

The company has dozens of data centers and is planning to continue not only leasing data centers but also constructing its own infrastructure as well, Balaban said.

Earlier in October, Lambda announced plans to open an AI factory in Kansas City in 2026. The site is expected to launch with 24 megawatts of capacity with the potential to scale up to over 100 MW.