Tag: Amazon AI

Amazon AI spending is paying off as strong cloud growth sends shares higher and adds $25 billion to Jeff Bezos’ net worth.  (REUTERS/Abdul Saboor) (REUTERS)
Posted in Business

Amazon’s AI bet pays off as Jeff Bezos gets $25 billion richer, replaces Brin

Amazon shares jumped about 14% shortly after trading opened on Friday. It was the company’s biggest one-day gain in more than 10 years. The last…

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In all, Amazon is planning to replace and/or avoid 600,000 US jobs by 2027. (AFP)
Posted in Business

Amazon layoffs to impact 800-1,000 jobs in India as AI upends work model| Business News

The global Amazon layoffs can result in 800-1,000 job cuts in India, as the US-based e-commerce firm taps AI to reduce overheads. In all, Amazon…

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