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.

Amazon has filed a federal lawsuit against Perplexity AI, escalating a growing tension over the role of artificial intelligence in

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

The S&P 500 and the Nasdaq advanced on Monday, with artificial intelligence-related deals driving much of the gains even as the Federal Reserve's near-term monetary policy grew increasingly foggy due to scarcity of official U.

Amazon's (AMZN) artificial intelligence strategy is paying off. The company's third-quarter earnings report released on October 30 corroborates this. Amazon has added 3.8 GW of power capacity in the past year,

The e-commerce giant said Amazon Web Services is growing at its fastest rate since 2022, driven by AI. Shares surged in after-hours trading.

“This is a kind of industrial bubble,” Bezos told the audience during his conversation with Exor CEO John Elkann. In financial terms, a bubble occurs when asset prices rise far beyond their intrinsic value, driven by investor enthusiasm rather than underlying fundamentals.