The company's top human resources executive said Tuesday that the tech giant needs to be "organized more leanly" due to the "transformative" nature of AI.

Amazon has announced it will be scything more than 14,000 jobs as part of its efforts to streamline operations in the era of artificial intelligence. “What we need to remember is that the world is changing quickly,

Amazon said it has completed its Project Rainier data-center cluster, which is powered by nearly 500,000 of the company’s Trainium 2 chips.

Amazon’s cloud-computing arm plans to invest an additional $5 billion in South Korea over the next six years to build new artificial-intelligence data centers in the country.

Twitch is facing another brutal round of layoffs as Amazon slashes tens of thousands of jobs amid a major pivot to artificial intelligence.

Amazon.com said on Wednesday it has launched its compute cluster project called Rainier, and added that artificial intelligence firm Anthropic will use more than a million chips of the infrastructure by the end of the year.

Amazon has multiple businesses that would be unaffected if an AI bubble bursts. Most of Alphabet's revenue comes from its Google Search engine, which is in great shape. Meta Platforms derives nearly all of its revenue from ads on its social media platforms.

Amazon will cut about 14,000 corporate jobs as the online retail giant ramps up spending on artificial intelligence while cutting costs elsewhere.