Matt Garman became CEO of Amazon Web Services in June 2024. An AWS outage affected major platforms like Roblox and Zoom, disrupting banking services.

Discover Amazon's Q3 gains as cloud, AI-driven retail, and grocery delivery fuel growth. Learn how these advances impact AMZN ...

Despite having to make allowances for paying out close to $2bn in severance payments, Amazon’s results show its cloud arm is continuing to go from strength to strength.

The strong results from AWS, the world’s largest cloud provider, followed stellar cloud revenue growth reported on Wednesday ...

Amazon Web Services (AWS) faces significant organizational bloat, hindering its ability to compete in the AI race, according ...

Amazon said on Tuesday that it plans to reduce its corporate workforce by 14,000 jobs as it seeks to reduce bureaucracy, remove layers and invest more in its AI strategy.

‘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 ...

Amazon sees “a significant opportunity” for growth in its existing physical stores, which are centered on grocery — at least for now. The e-commerce giant announced plans to expand same-day deliveries ...

Jeff Bezos’ ownership stake in Amazon has fallen below 10% — marking a milestone in the billionaire’s decades-long relationship with the e-commerce giant he built from a Seattle garage. The Amazon ...

Berkshire Hathaway has delivered market-crushing returns under Warren Buffett's leadership, which dates back to 1965. Buffett typically avoids pouring money into red-hot stock market trends like ...

The Amazon founder has been selling off his shares at a regular cadence since stepping aside as CEO four years ago. By Alex Weprin Senior Editor For what is likely the first time in Amazon‘s history, ...

Trina Paul is a Breaking News and Personal Finance Writer at Investopedia, covering topics like retirement, consumer debt, and retail investing. She focuses on making complex financial topics ...