Amazon will cut about 14,000 corporate jobs as the online retail giant ramps up spending on artificial intelligence while cutting costs elsewhere. In June CEO Andy Jassy, who has aggressively sought to cut costs since becoming CEO in 2021, said that he anticipated generative AI would reduce Amazon’s corporate workforce in the next few years.

Cathie Wood and Warren Buffett rarely buy the same stocks, but this budding AI powerhouse is a rare exception.

Indian American Johns Hopkins student studies computer vision and generative AI for enhancing efficiency of long-form video generation

Amazon (NASDAQ:AMZN) reported strong third-quarter results on Thursday, with its cloud business AWS showing robust artificial intelligence (AI)-driven demand resulting in a 150% quarterly surge in Trainium chip usage.

Amazon and Palantir are two of the most popular large-cap AI stocks, but chip giant Broadcom could outgrow them in the coming years.

Amazon’s $38 billion cloud partnership with OpenAI marks a major comeback for AWS, reinforcing its position in the global AI-driven cloud race.

(Reuters) -Perplexity AI said on Tuesday it has received a legal threat from Amazon.com demanding that the startup block the AI agent on its Comet browser from shopping on the e-commerce giant's platform on a user's behalf.