Funds own 41% of Nvidia's outstanding shares, according to IBD MarketSurge. Going by its Accumulation/Distribution Rating of ...

Amazon's CEO Andy Jassy aims to make the company the world's largest startup — creating efficiency for the AI era.

The other thing that makes this seem different from past layoffs is who is affected. Amazon has already optimized its ...

Amazon CEO Andy Jassy didn’t mince words in his recent CNBC interview. “They’ll trust two large Chinese companies with maps ...

Amazon executive who runs Amazon's cloud-computing business and have been working at the company since 1997. World's richest person Jeff Bezos wrote a letter to his employees stating he would remain ...

Jassy was unequivocal in his reasoning, stating that the move was about organizational structure rather than immediate financial or technological imperatives.

Amazon.com plans to continue spending on capacity to meet demand for artificial intelligence and cloud products.

The Roomba robot vacuum maker reported in a regulatory filing that its last potential buyer has withdrawn. The company, which has been seeking a sale since its deal with Amazon was scuppered by EU ...

It was reported earlier this week that Amazon was to lay off up to 30,000 corporate staff. According to Reuters and The Wall Street Journal, the ...

‘We expect that [AI] will reduce our total corporate workforce as we get efficiency gains from using AI extensively across the company,’ said Amazon CEO Andy Jassy in June. The company is reportedly ...