‘Bullying is not innovation,’ — Perplexity CEO pushes back against Amazon attempt to block AI shopping via Comet| Business News

Perplexity AI Inc. has pushed back against attempts by Amazon.com Inc. to block AI shopping via its Comet AI browser, in what it says is the US retail giant’s first legal salvo against an AI company. Perplexity AI CEO Aravind Srinivas says he is “happy to work together with Amazon to figure out a win-win […]

OpenAI, Amazon strike $38-billion deal for ChatGPT to use AWS| Business News

Amazon.com Inc. will supply OpenAI with cloud computing services under a multi-year $38-billion deal, giving the ChatGPT maker access to hundreds of thousands of Nvidia graphics processors to train and run its artificial intelligence models. OpenAI recently turned into a for-profit enterprise. (Reuters) The agreement announced on Monday underscores the AI industry’s surging appetite for […]

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

The Amazon layoffs can result in 800-1,000 job cuts in India, ET reported on Wednesday, as the US-based e-commerce firm taps AI to reduce overheads. In all, Amazon is planning to replace and/or avoid 600,000 US jobs by 2027. (AFP) The Amazon India layoffs would span functions—including finance, human resources and technology, ET reported citing […]

Amazon to cut 14,000 corporate jobs in yet another round of layoffs| Business News

Amazon.com Inc. has announced yet another round of layoffs that will see the United States’ second largest employer trim 14,000 jobs, even as it steps up AI investments. Amazon CEO Andy Jassy, (Reuters) The company had about 1.56 million full-time and part-time employees at the end of last year. Amazon’s corporate workforce includes roughly 350,000 […]

Amazon embarks on biggest layoffs since 2022 affecting 30,000 corporate jobs| Business News

Amazon is planning to cut as many as 30,000 corporate jobs beginning on Tuesday, as the company pares expenses and compensates for overhiring during the peak demand of the pandemic, according to three people familiar with the matter. The cuts beginning this week may impact various divisions within Amazon, including human resources, known as People […]

Amazon targets India e-commerce exports of $80 billion by 2030 despite US tariffs| Business News

Amazon.com Inc. says its e-commerce exports from India has surpassed $20 billion, including nearly $7 billion this year, despite the punitive US tariffs on the world’s fourth largest economy. Amazon’s exporter base in India has grown by a third in year to about 2 lakh sellers, spanning 28 states and seven union territories. (AFP) “We […]

Amazon plans to replace more than half-a-million US jobs with robots| Business News

Amazon.com Inc. plans to replace more than half-a-million jobs in the United States with robots, the New York Times reported citing internal strategy documents and interviews with executives, as America’s second largest employer “is on the cusp of the its next big workplace shift”. In all, Amazon is planning to replace and/or avoid 600,000 US […]

Amazon identifies potential root cause for AWS outage, sees ‘some signs of recovery’| Business News

Amazon.com Inc. on Monday said it has identified the root cause for the AWS outage that’s “taken out half the internet”, and now seeing “significant signs of recovery”. Global services or features that rely on US-EAST-1 endpoints may be experiencing issues due to the AWS outage, Amazon says. (Reuters) “The issue appears to be related […]