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.

On October 28, 2025, Amazon confirmed the layoff of 14,000 corporate employees—roughly 4% of its white-collar workforce—citing artificial intelligence as the driving force. Reports from Reuters and The Guardian suggest total cuts could reach 30,

You won't find too many technology stocks in Berkshire Hathaway's portfolio, but there are some heavy hitters. In fact, Buffett holds about 28% of Berkshire Hathaway's portfolio in just three artificial intelligence (AI) stocks.

SEATTLE (AP) — OpenAI and Amazon have signed a $38 billion deal that enables the ChatGPT maker to run its artificial intelligence systems on Amazon’s cloud computing services. OpenAI will get access to “hundreds of thousands” of Nvidia’s specialized AI chips through Amazon Web Services as part of the deal announced Monday.

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

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.

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.