Amazon shares sink as company boosts AI spending by nearly 60%

The company reported that its cloud-computing growth has been slower than rivals.

Amazon just achieved this major milestone that only 1 other company has done since 2001

Amazon has achieved a rare status as it continues to dominate in e-commerce and the cloud.

Amazon cloud unit beats on revenue and profit as parent company ramps up AI spending

Amazon Web Services generated $35.58 billion in revenue, according to a statement. Analysts polled by StreetAccount had ...

Amazon stock sinks after company touts $200 billion AI spending plans, offers cautious profit outlook

For the quarter, Amazon is expected to report earnings per share (EPS) of $1.96 on revenue of $211.5 billion, up from $1.86 ...
Fast Company

Why Amazon is killing Amazon Go and Amazon Fresh

Amazon will double down on the Whole Foods brand, killing two of its own physical retail experiments in the process. The online retail giant said Tuesday that it will close all of its Amazon Go ...
PBS

Amazon to lay off 14,000 corporate employees as spending on artificial intelligence accelerates

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 ...
Blockonomi

Amazon (AMZN) Stock: Company Develops AI Content Marketplace for Publishers

Amazon (AMZN) stock developing AI content marketplace for publishers to license material to AI firms following Microsoft's ...
Fast Company

Amazon debuts new grocery brand with nearly everything under $5

Amazon is pushing deeper into the grocery aisle with the launch of Amazon Grocery, a food brand that keeps most prices under $5. The idea of buying much of anything for $5 seems like a distant ...