Amazon said it has completed its Project Rainier data-center cluster, which is powered by nearly 500,000 of the company’s Trainium 2 chips.

Amazon has announced it will be scything more than 14,000 jobs as part of its efforts to streamline operations in the era of artificial intelligence. “What we need to remember is that the world is changing quickly,

The company's top human resources executive said Tuesday that the tech giant needs to be "organized more leanly" due to the "transformative" nature of AI.

The job cuts at Amazon were announced Tuesday and account for 4% of the online retail company’s corporate workforce.

Amazon has confirmed it will cut 14,000 corporate jobs as part of a strategic shift towards artificial intelligence.

Twitch is facing another brutal round of layoffs as Amazon slashes tens of thousands of jobs amid a major pivot to artificial intelligence.

Amazon.com said on Wednesday it has launched its compute cluster project called Rainier, and added that artificial intelligence firm Anthropic will use more than a million chips of the infrastructure by the end of the year.

AWS plans to invest nearly $5 billion in South Korea by 2031 to establish AI data centers, with the aim to enhance the country's AI industry. This was announced during a meeting between AWS CEO Matt Garman and President Lee Jae Myung at the APEC Summit.

Amazon confirmed plans to reduce its corporate workforce, impacting 14,000 employees. The company cited a need to be more lean and the increasing prevalence of artificial intelligence as reasons for the cuts. Those who do not find a new role will be offered severance pay and other transition benefits.

Although Nvidia remains popular with many billionaire investors, it's not their favorite AI stock. The only AI common denominator for billionaires Ken Griffin, Izzy Englander, Chase Coleman, David Tepper, Bill Ackman, and Warren Buffett is Amazon.