Amazon is pouring billions into AI infrastructure. Its cloud boss says the company feels "quite good" about its strategy.

Retail job losses are surging, with Amazon and Target cutting nearly 32,000 corporate jobs combined, signaling a major industry restructuring.

Just one week after a report that Amazon wanted to replace 75% of its workforce with robots, the online retail giant has announced that it is laying off 14,000 employees to reduce "bureaucracy" and invest in "our biggest bets" -- namely,

Amazon will report earnings after the closing bell on Thursday. Analysts want updates on AI progress, AWS, and retail margins.

Amazon has recently launched its $11 billion worth Rainier project on October 29, 2005 to power Anthropic’s Claude model by the end of the year. The project features over 1 million Trainium

Amazon announced a reorganization that will result in the elimination of 14,000 jobs — and said AI is a leading cause.

Amazon said it will cut approximately 14,000 white-collar jobs as it seeks to gain efficiencies -- and as it prepares for advances in artificial intelligence in running the company.

Amazon’s biggest AI data center is now operational in Indiana, with half a million AWS Trainium2 chips entirely devoted to powering OpenAI rival Anthropic. Just over a year ago, it was nothing but cornfields.