Andy Jassy

Amazon is investing billions of dollars in AI startup Anthropic in what the company is describing as a "strategic collaboration to advance generative AI."

Amazon.com Inc.'s newly named cloud chief, Matt Garman, inherits a $100-billion-a-year business that's as profitable as it has ever been. He also faces the daunting task of retaining the cloud-computing pioneer's edge in the artificial intelligence age.

Amazon.com Inc.'s cloud-computing division chief Adam Selipsky is stepping down, making way for Matt Garman, the unit's top sales and marketing executive.

The head of Amazon's AWS cloud computing business, Adam Selipsky, who was helping lead the company's expansion into AI, told workers he was stepping down Tuesday.

G7 leaders forge historic international rules for generative AI; Tech giants fail to deliver on ethical AI promises, according to a Stanford report; Amazon CEO foresees transformative impact of generative AI on customer experiences; New York partners with intuition robotics to combat senior loneliness with AI companions- this and more in our daily roundup. Let us take a look.

Today, November 8, was another exciting day for the artificial intelligence field as major tech firms made headlines for forays in AI. In the first incident, Samsung introduced a new generative AI model, Samsung Gauss, during its AI forum. The company claims that it can run locally on devices, and some reports are suggesting that it can be introduced in the Galaxy S24 series. In other news, Meta will require advertisers to disclose when political or social issue ads have been created or altered by AI. This will begin starting 2024. This and more in today's AI roundup. Let us take a closer look.

 Generative AI will be Amazon's secret weapon this holiday season, leveraging data from its more than 160 million Prime subscribers to improve ad targeting and allowing merchants to produce promotions quickly.

Amazon.com rallied nearly 6% on Friday on signs that growth in its main profit driver, the cloud business, was picking up pace after two years of sluggishness due to lower client spending.

A new survey has revealed some shocking information about employee approvals for their CEOs in the tech space. According to its results, 83 percent of the employees approve of the work Tim Cook is doing as the CEO of Apple. On the other hand, X chief Linda Yaccarino found herself among the lowest-ranked tech CEOs with an approval rating of just 4 percent. That means, only four out of one hundred employees thought of her work as the head of the company as significant or to have a positive impact.

In the latest in a string of whirlwind layoffs in the games-and-games-adjacent industry, it appears there has been another round of layoffs at Twitch, according to Today Off Stream’s Zach Bussey via Twitter. 

Twitch was reportedly hit with a fresh round of layoffs just weeks before TwitchCon is set to kick off in Las Vegas. This would be the second round of layoffs at the games livestreaming platform this year.

Twitch has laid off employees for the second time this year.

TikTok employees are headed back to the office.

Grindr Inc. has lost about 45% of its staff as it enforces a strict return-to-office policy that was introduced after a majority of employees announced a plan to unionize.

Big Tech is bracing for the European Union's biggest ever clampdown on anti-competitive practices in the digital economy, potentially provoking a new wave of legal battles between regulators and Silicon Valley.

AI cameras and anti-drone measures to secure Delhi on Independence Day; Amazon introduces AI-powered summaries for product reviews; The New York Times bars usage of its content for AI model training; Indian EdTech companies utilise AI to reduce spending, control hiring- this and more in our daily AI roundup. Let us take a look.

Amazon is rolling out a new generative AI feature that summarizes product reviews for customers.

The U.S. Federal Trade Commission (FTC) is finalizing its long-awaited antitrust lawsuit against Amazon in a move that could ultimately break up parts of the company, Politico reported on Tuesday.