Amazon Web Services (AWS) has joined its US peers Microsoft and IBM in downsizing artificial intelligence research activities in mainland China amid ongoing geopolitical tensions. The company has decided to close its seven-year-old AI Shanghai Lablet due to “China-US strategic realignment”, according to Wang Minjie, the facility’s chief applied scientist, in an announcement posted on…
(Bloomberg) — Aggressive spending on artificial intelligence is mostly being rewarded in the stock market these days. But when it comes to Amazon.com Inc., not so much. Most Read from Bloomberg Amazon’s shares have gained about 3% this year despite the company’s heavy outlays on AI, which it is touting as a path to greater…
By Greg Bensinger SAN FRANCISCO (Reuters) -Amazon cut at least hundreds of jobs in its Amazon Web Services cloud computing unit on Thursday, two sources said, just a month after CEO Andy Jassy warned that adoption of generative AI tools would trigger a workforce reduction. An Amazon spokesperson confirmed it had cut jobs but did…
Nvidia is currently the most valuable company in the world with a market capitalization of nearly $4 trillion. While Microsoft trails Nvidia by a small margin, both companies are facing rising competition in their core businesses — making future growth less predictable. Amazon is still in the early phases of integrating artificial intelligence (AI) across…
Hong Kong prides itself on transparency, caution and adherence to the rule of law. Policy proposals undergo scrutiny and seek to strike a balance between legal, social and public interests. However, in an era of increased public scrutiny, the optics of governance often overshadow its true purpose or public benefit. This is frequently the case…
An H&M store in New York City on Nov. 19, 2024. Charly Triballeau | AFP | Getty Images When Gilberto Loureiro spent summers working in a textile factory as a teenager growing up in Portugal, he discovered that he felt “hate and love” for how clothes were produced. The work was tough: Loureiro’s job was…
Major Chinese technology companies are racing to launch services based on the open model context protocol (MCP), which enables Manus-like artificial intelligence (AI) agents to connect with third-party online tools, data sources and systems – a trend that could expand the commercial adoption of such applications. Alipay operator Ant Group – the fintech affiliate of…
IonQ (IONQ, Financials) made its Forte Enterprise quantum computer globally available through Amazon Braket, a managed quantum service from Amazon Web Services, and IonQ’s own cloud infrastructure, the company said in a statement. The Forte Enterprise system, which provides AQ36 algorithmic qubit performance, is IonQ’s latest commercial-ready quantum offering and is aimed at enabling the…
JILL CONNELLY / EPA-EFE / Shutterstock.com Jeff Bezos is the No. 2 richest person behind Elon Musk. According to Forbes, his $213.9 billion net worth makes him one of only 14 centi-billionaires on earth. Read More: Are You Rich or Middle Class? 8 Ways To Tell That Go Beyond Your Paycheck Find Out: These 10…
Amazon.com (AMZN, Financial) shares plunged sharply in extended trading on Thursday following weaker-than-expected growth in its cloud computing division and a disappointing Q1 revenue forecast. The stock fell up to 5% in after-hours tradingerasing nearly $90 billion in market valuebefore settling at a 4.2% drop. CFO Brian Olsavsky said capital expenditures for 2025 will remain…