CEO ANDY JASSY

Berkshire Hathaway, long known for its conservative investments, now has significant exposure to AI through major holdings in Apple and Amazon. While trimming its Apple stake, it remains heavily invested in the tech giant. Amazon, via AWS, represent...

An Amazon spokesperson, however, clarified that this does not mean that recruitment is stopping. According to the Business Insider these changes affect only corporate staff in Amazon’s retail division, not warehouse workers or those in the company’s...

Tensions escalated between Elon Musk and Donald Trump as the former sharpened his critique of the Budget Bill. This and more in today’s ETtech Top 5.

Amazon has cut fewer than 100 jobs in its books division, affecting Goodreads and Kindle teams, to improve efficiency and align with business goals. The move is part of broader efforts by CEO Andy Jassy to streamline operations and reduce bureaucrac...

Founders of code-gen startups and their investors believe they are in a land grab situation, with a shrinking window to gain a critical mass of users and establish their AI coding tool as the industry standard. But because most are built on AI found...

As AI transforms coding, developers report increased speed, reduced creativity, and more repetitive tasks. At companies like Amazon, AI tools are boosting productivity but intensifying pressure, echoing past industrial shifts. Engineers fear their r...

At Amazon, which is making big investments in generative AI, the culture of coding is changing rapidly. In his recent letter to shareholders, CEO Andy Jassy wrote that generative AI was yielding big returns for companies that use it for "productivit...

Amazon’s Alexa+, the AI-enhanced voice assistant, has seen a slow and unclear rollout despite promises of wide availability. Few verified users or public reviews exist, raising doubts about its readiness. Technical issues, limited access, and lack o...

Walmart’s first-quarter profit declined to $4.45 billion from $5.10 billion a year ago due to higher costs from tariffs introduced by former President Donald Trump. While revenue rose 2.5% to $165.61 billion, slightly below expectations, adjusted ea...

Amazon trimmed some Alexa-related jobs in 2023 and has been conducting small cuts to various groups in recent months, including its Wondery podcast, stores and communications units. The Seattle retailer added about 4,000 jobs from last year's fourth...

During his first international trip, President Trump secured a $600 billion investment commitment from Saudi Arabia. He met with Crown Prince Mohammed bin Salman and various business leaders, including Elon Musk, who showcased Tesla robots. The US a...

US President Donald Trump received a formal welcome in Saudi Arabia. His arrival featured a display of Saudi tradition, a meeting with key tech figures, and conversations with Crown Prince Mohammed bin Salman. Elon Musk was also present, along with ...

Amazon has unveiled Vulcan, a warehouse robot that uses both sight and touch to locate and retrieve items. Designed to work alongside humans, it helps with difficult tasks, reduces injury risk, and has created new tech roles. Vulcan now assists in f...

Amazon and Apple beat estimates, but their forecasts amid Trump’s trade war raised investor concerns. This and more in today’s ETtech Top 5.

US stock market predictions today show a strong start as the Dow Jones, S&P 500, and Nasdaq head higher ahead of key April jobs data. With big names like Meta, Microsoft, and Reddit posting solid earnings, tech stocks are leading the rally. Meanwhil...

Amazon and Apple exceeded first-quarter earnings expectations, but looming tariffs cast a shadow on future performance. Apple anticipates a $900 million tariff impact, shifting production to India and Vietnam, while facing legal challenges regarding...

Amazon is grappling with the potential impact of tariffs on its third-party sellers, who are currently stocking up to mitigate the effects. However, analysts predict that price increases and margin pressures are inevitable in the coming months as in...

Amazon reported weaker-than-expected cloud growth, with AWS revenue up 16.9% to $29.27 billion, missing forecasts. Operating income guidance also fell short, disappointing investors. Tariff concerns loom, though retail demand remains stable. Total r...

Amazon reported weaker-than-expected cloud growth, with AWS revenue up 16.9% to $29.27 billion, missing forecasts. Operating income guidance also fell short, disappointing investors. Tariff concerns loom, though retail demand remains stable. Total r...