Amazon says it didn’t cut 14,000 people because of money. It cut them because of ‘culture’

Amazon chief executive Andy Jassy’s explanation for why the company is cutting 14,000 employees? Not money. Not even AI, but ...

Amazon shares soar 11% on strong cloud growth, easing investor fears over AI spending

Shares in Amazon soared about 11% to reach a new record high Friday after the firm reported its strongest cloud growth since ...

Is Amazon’s once-dominant cloud business losing its edge in the AI race?

A major outage last week disrupted Amazon's cloud division for 15 hours, affecting hundreds of companies and raising ...

Amazon's cloud business growing at pace not seen since 2022

CNBC’s MacKenzie Sigalos reports on AWS growth, as Amazon’s cloud business reaccelerates to 20% year-over-year, easing ...

Amazon’s Profit Is Up 38% on Strong Performance

After unexpectedly strong sales and profits across its consumer and cloud businesses, the tech giant said another strong ...

Amazon VP says his division is hiring and promoting based on employees' AI usage

"We're going to promote based on AI," said Amazon VP Jamie Simonoff. "We're going to promote based on how you're integrating ...

Amazon’s Cloud Business Won’t Be an AI Laggard for Long

The e-commerce giant’s cloud-computing business has disappointed investors with its growth recently, but that appears to be ...

Amazon’s Slower Growth in AI Cloud Business May Not Be Fatal Flaw

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Amazon stock hits record, lights up ETFs

Amazon's cloud business knocked it out of the park and CEO Andy Jassy hinted that the unit is gaining momentum heading into ...