Amazon sales surged 14% during the fourth quarter, helped by strong holiday spending and a better-than-expected growth in its prominent cloud computing unit.
When Amazon announced it was cutting 16,000 corporate jobs, many assumed it was the latest phase of CEO Andy Jassy’s push to reduce the corporate workforce as AI brings more efficiency gains.
Promoted by President Donald Trump as “a must watch,” the Melania Trump documentary “Melania” debuted with a better-than-expected $7 million in ticket sales, according to studio estimates Sunday.
Amazon will cut about 14,000 corporate jobs as the online retail giant ramps up spending on artificial intelligence.
Young people graduating from college this spring and summer are facing one of the toughest job markets in more than a decade.
Amazon CEO Andy Jassy anticipates generative artificial intelligence will reduce its corporate workforce in the next few years as the online giant begins to increase its usage of the technology.
Wall Street is already making big bets on what take two for a White House led by Donald Trump will mean for the economy and markets.
Amazon is requiring employees to be in the office five days a week starting next year, reverting to its pre-pandemic policy.
The great inflation spike of the past three years is nearly spent — and economists credit American consumers for helping slay it.
Amazon has joined the exclusive $2 trillion club after Wall Street investors pushed the value of the e-commerce giant’s stock past that threshold.
Amazon is adding $1.4 billion to a fund it established three years ago for preserving or building more affordable housing in the regions where the company has major corporate offices.
An administrative law judge has ruled that Amazon CEO Andy Jassy violated labor law by making certain anti-union comments during media interviews two years ago.
Amazon is removing Just Walk Out technology from its Amazon Fresh stores as part of an effort to revamp the grocery chain.
Amazon reported better-than-expected revenue and profits for the fourth quarter, driven by strong consumer spending during the holiday shopping season.
Amazon on Thursday reported strong revenue and profits from the summer months driven by growth in online sales and its advertising business.
Amazon employees have been pushing back against the company’s return to office policy for months — and it seems the ecommerce giant’s CEO has had enough.
Amazon on Thursday posted better-than-expected revenue and profits for the second quarter, sending its stock higher in after-hours trading.
Subpoenas have been sent to the chief executives of the five largest tech companies as congressional Republicans moved to investigate what they assert is widespread corporate censorship of conservative voices House Judiciary Chairman Jim Jordan issued the subpoenas Wednesday as the latest in a series of escalations by a party that has long promised to investigate Big Tech’s content moderation.
Amazon CEO Andy Jassy has said the company does not have plans to stop selling the antisemitic film that gained notoriety recently after Brooklyn Nets guard Kyrie Irving tweeted out an Amazon link to it.
Days after flocking to stores on Black Friday, consumers are turning online for Cyber Monday to score more discounts on gifts and other items that have ballooned in price because of high inflation.
Amazon workers in upstate New York overwhelmingly rejected a union bid on Tuesday, handing a second defeat to the labor group that’s been attempting to drag the company to the negotiating table since its historic win earlier this year.
The startup union that clinched a historic labor victory at Amazon earlier this year is slated to face the company yet again as it aims to rack up more wins that could force the reluctant retail behemoth to the negotiating table.
The Federal Trade Commission is investigating Amazon’s $3.9 billion acquisition of the primary health organization One Medical, a move that could delay the completion of the deal.
In the aftermath of their hard-won labor victory, Amazon workers in the New York City borough of Staten Island popped Champagne, cheered their victory and danced in celebration.
In his first letter to Amazon shareholders, CEO Andy Jassy offered a defense of the wages and benefits the company gives its warehouse workers while also vowing to improve injury rates inside the facilities.
Lawmakers have made good on their threat to seek a criminal investigation of Amazon, asking the Justice Department to investigate whether Amazon and its senior executives obstructed Congress or violated other laws in testimony on its competition practices.
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House lawmakers are threatening to seek a criminal investigation of Amazon, saying the tech giant has a “final chance” to correct previous testimony by executives on its competition practices.
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Some of the country’s leading technology companies have committed to investing billions of dollars to strengthen cybersecurity defenses and to train skilled workers.
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“To win in AI we need more money, more talent, stronger leadership,” Schmidt said Monday. It also calls for “wise restraints” on the use of AI tools such as facial recognition that can be used for mass surveillance. It’s still awaiting confirmation of a new director for the White House Office of Science and Technology Policy, which Biden has elevated to a Cabinet-level position. AdIt's been led by Schmidt, who was Google's CEO and later the executive chairman of its parent company Alphabet. AdThe commission asked Congress to make new laws requiring federal agencies to conduct human rights assessments of new AI systems used on Americans.
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(AP Photo/Jeff Roberson)The NHL is taking another step forward in data, analytics, and puck and player tracking. The league has reached an agreement with Amazon Web Services to put all its video and data on the cloud. AdNHL Commissioner Gary Bettman and Amazon Web Services CEO Andy Jassy unveiled the deal on NBC Sports Network late Wednesday. Later this season, fans looking up stats on the NHL's website will get corresponding video clips and vice versa. “It kind of melts your mind with the number of opportunities that are sitting in front of us.”___More AP NHL: https://apnews.com/hub/NHL and https://twitter.com/AP_Sports
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