Amazon traced a December disruption to engineers using its Kiro AI coding tool, but says the problem 'stemmed from a misconfigured role,' and was not a case of AI going rogue.

Big Tech companies have seen more than $1 trillion wiped from their stocks, with Amazon leading the pack in losses, according to FactSet data. Fears over AI spending sparked the sell-off. Microsoft, ...

Amazon is moving to bring artificial intelligence deeper into the way movies and TV shows are made, aiming to speed up production and reduce costs at its MGM Studio unit. The company plans to use AI ...

Amazon is slashing its tech workforce in California for the second time in five months, part of a massive spate of layoffs hitting the e-commerce juggernaut’s global workforce. The Seattle-based tech ...

Last summer, Amazon MGM Studios launched a dedicated AI Studio to develop proprietary AI tools to streamline TV and film production, with a focus on areas like improving character consistency across ...

Amazon revealed plans to slash 769 jobs in the Bay Area, reductions that will erase positions for workers in the South Bay and San Francisco, the company reported in official filings with the state’s ...

It is the busiest week of fourth-quarter earnings season, with 129 S&P 500 companies scheduled to report. Another two of the Magnificent 7 are scheduled to release earnings. Beyond the two Magnificent ...

Big Tech continues to wrestle with mass layoffs, most recently with Amazon’s announcement to slash 16,000 jobs. It’s a trend that started long before the AI race: organizational change brought by the ...

We might be long past the busy Black Friday shopping season, which brings some of the best savings on a variety of tech products that Amazon sells, and Amazon's Prime Day sale is several months away.

Amazon (AMZN) eliminated 30,000 corporate roles in 120 days. Leadership explicitly framed cuts as AI-driven automation. Amazon’s Q3 net income rose 36.4% to $21.19B even as capital expenditures ...

Amazon said today that it is cutting 16,000 jobs across the company. This reduction comes after the e-commerce company laid off 14,000 people in October. In a letter to employees, Senior VP of People ...