Amazon

Amazon plans to launch AI content marketplace, The Information reports

AMAZON has signalled to publishing industry executives that it is planning to launch a marketplace where publishers can sell their content to firms offering artificial intelligence products, The Infor...

Amazon's lease is for about 100,000 sq ft on three mid-level floors in Asia Square Tower 1 (centre).
SINGAPORE PROPERTY

Amazon to exit Asia Square; Shell likely to take over its prime CBD space

The tech giant’s lease for 100,000 sq ft in Tower 1 is said to be expiring in July

Amazon was set to lose around US$200 billion in market value if the losses hold.

Amazon shares slide as US$200 billion outlay fans fears over AI returns

Big tech’s massive AI spending hike surprises analysts, raising doubts over whether returns can keep pace

The spending will weigh on profit, with Amazon giving a forecast for operating income in the current quarter of US$16.5 billion to US$21.5 billion.

Amazon says it will spend US$200 billion this year on AI build-out

Microsoft and Alphabet also spent more heavily than anticipated

UPS said last month it would eliminate up to 30,000 jobs and shut another 24 facilities in 2026 as it reduces deliveries for Amazon.com.

UPS, Amazon fuel US planned layoffs in January, Challenger survey shows

Announced layoffs are 118% higher compared with January 2025

Amazon is publicly embracing AI in response to spiralling production budgets that limit the number of shows and films companies can finance.

Amazon plans to use AI to speed up TV and film production

The company plans to launch a closed beta programme in March

Amazon has also been investing in robotics at its warehouses to speed up packaging and deliveries for its e-commerce segment.

Amazon cuts 16,000 jobs globally to undo pandemic-era hiring amid AI push

The job cuts also underscore how artificial intelligence is changing corporate workforce dynamics

Jobs in the company’s units covering AWS, retail, Prime Video and human resources were slated to be affected, people familiar with the matter told Reuters.

Amazon bungles Wednesday layoff plan with misfired internal email

Nearly 10 per cent of the firm’s corporate workforce to be retrenched

Amazon currently operates 14 Go stores, which use cameras to track what people grab off the shelves, and 58 Amazon Fresh grocery stores.

Amazon is closing its Fresh grocery, Go convenience stores

The moves mark the e-commerce giant’s latest retreat from its brick-and-mortar retail efforts