Amazon
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
Amazon says it will spend US$200 billion this year on AI build-out
Microsoft and Alphabet also spent more heavily than anticipated
UPS, Amazon fuel US planned layoffs in January, Challenger survey shows
Announced layoffs are 118% higher compared with January 2025
Amazon plans to use AI to speed up TV and film production
The company plans to launch a closed beta programme in March
Nvidia, Microsoft, Amazon in talks to invest up to US$60 billion in OpenAI, The Information reports
Amazon joins Microsoft and Nvidia to fund the AI startup
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
Amazon bungles Wednesday layoff plan with misfired internal email
Nearly 10 per cent of the firm’s corporate workforce to be retrenched
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
Amazon plans thousands more corporate job cuts next week, sources say
It would be the largest layoff in Amazon’s three-decade history
Amazon pushes suppliers for cuts ahead of Supreme Court tariff ruling: FT
TECH giant Amazon said on Tuesday it held discussions with some vendors about adjusting costs to reflect the reduction in tariff rates for Chinese imports.
