Amazon has overtaken Walmart to become the world’s largest company by revenue on the Fortune Global 500 list, a position the retail giant had held for over a decade. Founded by Jeff Bezos in 1995 in a garage in Bellevue, Washington, the company started as an online bookstore before transforming into an empire spanning cloud computing, package delivery, and video streaming. Amazon is expected to be the first company to reach $1 trillion in revenue in the coming years, with a current valuation of $2.6 trillion. In 2025, AWS generated $128.7 billion in revenue, a 20% increase, and the company plans to spend $200 billion in 2026, primarily on cloud and artificial intelligence. The company has signed a major partnership with Anthropic, committing to invest up to $25 billion in the AI startup.
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