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The layoffs have come in not only in the cloud services, but across the devices and services division, the books business, and the Wondery podcast group.

Amazon's stock has been a monster winner since the company’s IPO in 1997. It would take some time to find a business that has ...

Amazon Web Services VP Francessca Vasquez explains how companies are deploying AI, from pilot to production across industries ...

Amazon Web Services (AWS) has slashed at least hundreds of jobs. Amazon has joined other tech giants including Microsoft, ...

Amazon.com, Inc. (NASDAQ: AMZN) is one of the AI Stocks Investors Are Watching Closely. On July 16, Cantor Fitzgerald analyst ...

Only a few weeks ago CEO Andy Jassy had warned employees to get acquainted with AI. He had also stated how the company would require fewer employees as Amazon continues to deploy AI in its operations.

Nvidia and Palantir are currently worth a collective $4.5 trillion, but Amazon can surpass that figure within five years, ...

Amazon maintains that the latest layoffs are not solely the result of AI investments but are part of an ongoing internal review ...

By positioning itself as an everything store for AI, Amazon is betting it will earn a greater share of the AI pie -- and fueling AWS growth along the way. The cloud segment supplies the bulk of Amazon ...