Amazon

Amazon and OpenAI Ink $38 Billion Cloud Computing Deal

OpenAI has signed a $38 billion deal with Amazon Web Services (AWS) to purchase cloud computing capacity through 2026 and beyond. This is a significant move away from Microsoft for Sam Altman’s OpenAI, which is diversifying its cloud partnerships with this deal.

OpenAI CEO Sam Altman

Amazon Shares Soar on Strong Cloud Growth – a Week After Company Broke the Internet

Amazon’s stock price surged more than 10 percent on Friday morning following the release of its latest earnings report, which highlighted the impressive growth of its cloud computing division, Amazon Web Services (AWS). AWS caused a significant portion of the internet to crash just over a week ago, causing concern for current and potential customers alike.

Jeff Bezos is happy with Amazon price

WSJ: AI Contributes to White-Collar Jobs Disappearing in Corporate America

According to the Wall Street Journal, America’s largest employers are cutting white-collar positions at an alarming rate, leaving experienced and new workers struggling to find opportunities in a stagnant job market. AI plays a role in the elimination of some white-collar jobs, with some CEOs directly crediting the technology with reducing headcount.

A laid off worker ponders her future