Amazon

US claims India will remove digital services tax: Here's what it means

India has already abolished existing equalisation levies by April 2025, which were highlighted as a concern by the United States Trade Representative

Amazon deepens ties with STMicro to secure semiconductors for data centres

Under the agreement, AWS received warrants to acquire as many as 24.8 million ordinary STMicro shares

Amazon shares falls after vow to spend $200 billion on AI this year

Chief Executive Officer Andy Jassy said the money "predominantly" would go toward the company's Amazon Web Services cloud unit, and most of that spending would be for AI workloads

AI race sends Big Tech's capital spending to stratospheric high of $650 bn

The ever-larger numbers - in total, an estimated 60 per cent increase from a year ago - means yet another acceleration in the wave of data centre construction taking place around the world

Amazon misses Q4 earnings estimates despite strong sales, cloud growth

Amazon reported fourth-quarter earnings slightly below Wall Street estimates even as sales surged and it reported the fastest growth in its prominent cloud computing business in 13 quarters. The Seattle-based online behemoth on Thursday reported net income of USD 21.2 billion, or USD 1.95 per share, for the three-month period ended December 31. That compares with USD 20 billion, or USD 1.86 per share, in the year-ago quarter. Revenue rose 14 per cent to USD 213.4 billion in the fourth quarter, compared with USD 187.8 billion in the year-ago period. Analysts were expecting USD 1.97 per share on sales of USD 211.4 billion, according to analysts polled by FactSet. Revenue from its cloud service arm called Amazon Web Services increased 24 per cent to USD 35.6 billion. Analysts were expecting USD 34.9 billion. Amazon said it plans to increase capital spending to USD 200 billion this year from USD 125 billion as it sees opportunities in artificial intelligence, robots, semiconductors an

Amazon announces Alexa+ subscription plans for non-Prime members: Details

Amazon has outlined multiple access tiers for Alexa+, which has started to roll out in the US, including a paid subscription for non-Prime members and free access to Prime members

Amazon plans AI use in film and TV production to cut rising studio costs

Amazon plans to use AI to speed up film and TV production, rein in rising studio costs and enhance creativity, while keeping writers, directors and actors at the centre of the process

Amazon, other firms cite AI for layoffs, real reason remains unclear

The one thing N. Lee Plumb knows for sure that being laid off from Amazon last week wasn't a failure to get on board with the company's artificial intelligence plans. Plumb, his team's head of "AI enablement," says he was so prolific in his use of Amazon's new AI coding tool that the company flagged him as one of its top users. Many assumed Amazon's 16,000 corporate layoffs announced last week reflected CEO Andy Jassy's push to "reduce our total corporate workforce as we get efficiency gains from using AI extensively across the company." But like other companies that have tied workforce changes to AI - including Expedia, Pinterest and Dow last week - it can be hard for economists, or individual employees like Plumb, to know if AI is the real reason behind the layoffs or if it's the message a company wants to tell Wall Street. "AI has to drive a return on investment," said Plumb, who worked at Amazon for eight years. "When you reduce headcount, you've demonstrated efficiency, you ..

Amazon in early talks to invest upto $50 billion in OpenAI, expand ties

If the negotiations come to fruition, Amazon would contribute as much as half of a fresh funding round that could total up to $100 billion

Nvidia, Microsoft, Amazon in talks to invest up to $60 bn in OpenAI

Nvidia, Microsoft and Amazon are in talks to invest up to $60 billion in OpenAI, as rising AI costs and competition fuel a new funding push

Amazon's global layoffs likely to impact nearly 500-700 jobs in India

Amazon has announced yet another round of layoffs. This time, the company is gearing up to lay off around 16,000 employees globally

Amazon plans to cut 16,000 jobs globally amid AI-driven restructuring

Amazon said US-based employees affected by the job cuts would be given 90 days to seek alternative internal roles, along with severance pay and transition support

Amazon bungles Wednesday layoff plan with misfired internal email

The email sent on Tuesday signed by Colleen Aubrey, senior vice president of applied AI solutions at AWS, wrongly said that impacted employees in the US, Canada and Costa Rica

Big layoff coming: Why Amazon is cutting 14,000 jobs | Corporate jobs

Amazon is preparing another major round of layoffs, with about 14,000 corporate employees expected to lose their jobs as early as next week. This brings the total planned cuts to nearly 30,000 roles.

Amazon to cut thousands more jobs in efforts to streamline bureaucracy

The cuts, conducted in rounds on either side of Amazon's busy holiday quarter, echo layoffs the Seattle-based company instituted in late 2022 and early 2023 that ultimately snared about 27,000 people

Soon, Spotify may sync audiobooks with your physical book reading progress

Spotify is reportedly testing a new Page Match feature that could sync physical books with audiobooks by scanning pages using OCR to match reading progress with audio playback

Tech Wrap Jan 20: Samsung AI Bixby, Amazon Echo Show, Vivo X200T launch

Samsung plans AI revamp for Bixby. Amazon launches Echo Show 11, Echo Show 8 (gen 4). Vivo X200T launch on Jan 27. iQOO 15R launching soon. Realme P4 Power launch on Jan 29. Asus pivots to AI devices

'Victorian Disease' confirmed at Amazon UK warehouse, Union raises concern

Amazon says the TB cases are non-contagious, but unions are demanding the Coventry facility be shut until stronger safety measures are put in place

Amazon launches Echo Show 11, Show 8 gen 4 in India: Check price, features

The new Echo Show 11 and Echo Show 8 bring larger displays, redesigned speakers, and sensor-based smart home routines to Amazon's smart display lineup in India

Trump wants tech giants to fund power for AI data centres; they'd love to

Under Trump's plan, grid operator PJM Interconnection LLC will hold an auction for tech companies to bid on 15-year contracts for new electricity generation capacity