Business
After Amazon drops OpenAI movie 'Artificial,' film finds new home at Neon
A Hollywood portrayal of OpenAI Chief Executive Sam Altman portrayed by actor Andrew Garfield will be released later this year, after…
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A Moral Case for Jeff Bezos’s Wealth | National Review
Entrepreneurs’ access to public goods does not make them unworthy of the value they create. Source link
Business
Brazil to invest $75 million in highway through Amazon and unveils environmental protection plan
SAO PAULO (AP) — Brazil’s government announced Wednesday that it will invest $75 million in the BR-319 highway cutting through the Amazon…
Business
LinkedIn, Cisco and Amazon are the latest tech companies laying off more workers
Job cuts are hammering the tech industry as companies ramp up investments in artificial intelligence. This week, San Jose-based tech…
Business
The Brazilian Fight Over Water Rights Proves the Little Guys Can Win
Water fights are fun for kids, but when the future of a river is on the line, they become serious. In Brazil, that fight became real when…
Business
Amazon pressured Levi's, other retailers to hike prices, California A.G. says
Amazon wanted to sell Levi’s Easy Khaki Classic pants for $29.99, but Walmart had lowered the price, and the giant online retailer had…
Business
Amazon speeds up deliveries in L.A. and elsewhere with one-hour option
Amazon is offering one-hour deliveries to hundreds of U.S. cities and towns including parts of the Los Angeles metropolitan area. The…
Business
JD.com Launches Joybuy in UK and Europe, Challenging Amazon With Same-Day Delivery
This article first appeared on GuruFocus. JD.com (NASDAQ:JD) is preparing to push deeper into Europe, launching its Joybuy platform in the…
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Amazon Taps Into Lymphatic Drainage Trend With Face Brush That's Already a #1 Bestseller — Plus 9 Other Tools Worth Your Time
If you purchase an independently reviewed product or service through a link on our website, WWD may receive an affiliate commission. In…
Business
Buffett cuts Amazon stake, makes bet on New York Times
Warren Buffett’s Berkshire Hathaway slashed its stake in Amazon.com by more than 75 per cent in the fourth quarter, while also building a…
Business
Amazon shares slide as US$200 billion outlay fans fears over AI returns
Big tech’s massive AI spending hike surprises analysts, raising doubts over whether returns can keep pace Amazon.com shares slid 9 per…
Business
Wall Street rebounds after week-long tech rout, Amazon down on AI capex jump
Wall Street’s main indexes opened higher on Friday (Feb 6) following a bruising sell-off in technology shares through the week, though…
Business
Amazon says it will spend US$200 billion this year on AI build-out
Amazon.com said that it plans to spend US$200 billion this year on data centres, chips and other equipment, worrying investors the…
Business
Nvidia, Microsoft, Amazon in talks to invest up to US$60 billion in OpenAI, The Information reports
IA, Amazon and Microsoft are in talks to invest up to US$60 billion in OpenAI, The Information reported on Wednesday. Nvidia, an existing…
Business
Amazon cuts 16,000 jobs globally to undo pandemic-era hiring amid AI push
Amazon said on Wednesday (Jan 28) it was cutting 16,000 jobs worldwide in the second major round of layoffs at the company in three…
Business
Amazon bungles Wednesday layoff plan with misfired internal email
Amazon on Tuesday appeared to have prematurely alerted Amazon Web Services cloud-computing employees to layoffs planned for Wednesday…
Business
Amazon is closing its Fresh grocery, Go convenience stores
The moves mark the e-commerce giant’s latest retreat from its brick-and-mortar retail efforts Amazon.com is shuttering its Amazon-branded…
Business
Amazon plans thousands more corporate job cuts next week, sources say
Amazon is planning a second round of job cuts next week as part of its broader goal of trimming some 30,000 corporate workers, according…
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Five face trial in Peru in rare prosecution over the killing of an Amazon defender
BOGOTA, Colombia (AP) — The trial is due to start Tuesday for five men over the killing of an Indigenous Amazon leader, in a rare legal…
Business
Amazon Seeks to Delay Saks Global’s DIP Financing
Count Amazon as one more party that is feeling ripped off by Saks Global and its march into bankruptcy. The web giant, which has been…
Business
Amazon has big hopes for wearable AI – starting with this US$50 gadget
Several months after Amazon.com bought artificial intelligence (AI) hardware startup Bee, the company said that it’s working to make its…
Business
1,044% toilet paper price jump, 1,500% for face masks: Amazon being sued for pandemic-linked price gouging
A US judge on Monday rejected Amazon.com’s bid to dismiss a proposed class-action lawsuit accusing the online retailer of price gouging…
Business
From Amazon to DBS: AI is driving the thousands of pink slips being issued to staff
The global march of artificial intelligence (AI) continues, and in its shadow, hundreds of thousands of jobs have or will be axed by…
Business
From Amazon to DBS: AI is driving thousands of job cuts worldwide
Global banks alone will cut as many as 200,000 jobs in the next three to five years The global march of artificial intelligence (AI)…