Amazon's stock sank on Thursday afternoon, weighed down by mixed guidance and AI competition, though the company beat Q2 earnings expectations.

AWS didn’t see the same growth acceleration as its cloud rivals, raising questions about the returns on Amazon’s high AI spending.

With headcount inching up to 1.55 million, CEO Andy Jassy said "AI progress across the board continues to improve our customer experiences, speed of innovation, operational efficiency, and business growth,

The AI-generated Fable TV show "Exit Valley" is an animated satire set in Sim Francisco, a simulated version of Silicon Valley. (Image via

The company behind the new Showrunner platform is best known as the creators of the AI-generated 'South Park' knockoffs.

Follow-up: Amazon Web Services profits squeezed as AI arms race drives spending surge Amazon beat estimates for its second-quarter earnings with $167.7 billion in revenue, up 13% year-over-year, and earnings per share of $1.

Amazon’s (AMZN) latest earnings report provides insight into the company's various branches and subsidiaries, including Amazon Web Services. AWS has been a huge revenue-driver for years, and this quarter is no different.