Amazon's Alexa+ looks for ways to reduce its use of Anthropic's Claude models to lower AI costs. Amazon is also trying to use GPUs more efficiently to make Alexa+ cheaper to run.

Amazon is seeing accelerating cloud computing revenue growth and strong operating leverage in its e-commerce business. Meta is starting to shift the narrative about its AI ambitions in a positive way.

Amazon must pay $1.5 billion to customers in an FTC settlement over its Prime sign-up tactics. Customers who unknowingly signed up for Prime or unsuccessfully tried to cancel could be eligible.

In the closing of the recent trading day, Amazon (AMZN) stood at $244.85, denoting a -1.09% move from the preceding trading day.

Amazon.com Inc (NASDAQ:AMZN) reports second-quarter earnings on July 30, and Bank of America is raising the bar ahead of the print, arguing AWS is accelerating faster than the Street expects. BofA now projects second-quarter revenue of $198.8 billion and operating profit of $24.1 billion, both above consensus of $196.8 billion and $23.6 billion.

Amazon (AMZN, Financials) has been slashing jobs in its artificial general intelligence group as it reconsiders its AI development endeavors.The organization is

Amazon confirmed layoffs in its artificial general intelligence organization, the group behind its Nova models, as the company sharpens its AI focus toward tools for business customers.

Amazon (NASDAQ:AMZN | AMZN Price Prediction) and Microsoft (NASDAQ:MSFT) both reported quarters shaped by one question: how do you feed AI enough electricity?

Amazon has cut jobs in its artificial general intelligence (AGI) group, Reuters reported Wednesday (July 22).

One investor says natural gas is about to do to Microsoft and Amazon what memory chip shortages did to cloud giants, and the squeeze could arrive within six months.