In the fourth quarter, Amazon reported spending $27.8 billion on property and equipment, significantly higher than the same period in 2023. During a call with analysts on Thursday, Amazon CEO Andy ...

In general, Amazon's approach is to be everything to everyone rather than striving for a niche audience, and it has released ...

UPS CEO confirms on the earnings call that the “accelerated glide down” of Amazon volumes was initiated by UPS. “This was not their ask. This was us. This was UPS taking control of our ...

Amazon CEO Andy Jassy attributes the company's streamlined decision-making process to his continued leadership. As Amazon plans to cut thousands of middle management positions by March 2025 ...

Google parent Alphabet, Amazon, Meta, and Microsoft have all deepened their commitments to AI efforts for the fiscal year ...

DeepSeek-R1 models are now available on Amazon Web Services, the company said, with CEO Andy Jassy telling users to “have at it.” Steven Goldstein is based in London and responsible for ...

Google, Microsoft, Amazon and Facebook are among a number of companies that have all handed out pink slips in January. Around ...

Importantly, other Wall Street analysts seem to be thinking along similar lines. Despite the DeepSeek news, Nvidia still has ...

Amazon, Google, Microsoft and Meta are pouring billions into artificial intelligence, undeterred by DeepSeek’s rise.

A restructuring plan is underway to kick-start sales after the conglomerate reported a 6 per cent sales dip in Q2.

Citing two sources familiar with the company’s plans, a recent report by The Information claimed that Amazon CEO Andy Jassy has set a goal of making Prime Video profitable by the end of 2025.

We are committed to supporting the employees affected during this transition,” Glasser said. The layoffs are part of Amazon CEO Andy Jassy's ongoing efforts to reshape the company since he took over ...