White House National Economic Council Director Kevin Hassett stated there is no data showing AI is currently causing job losses, despite recent tech layoffs at companies like Amazon, Meta, and Block. These companies cite AI-driven automation and productivity improvements as reasons for workforce reductions. The government is studying AI's future impact on jobs with a dedicated taskforce. This suggests that while AI is reshaping work, its immediate effect on employment numbers is not yet evident.
Amazon is expanding its AI chip strategy by planning to sell its custom Trainium AI chips outside of Amazon Web Services (AWS), targeting third-party data centers. This move aims to compete with NVIDIA in the AI infrastructure market and meets growin...
Amazon founder Jeff Bezos stated at a Paris tech conference that artificial intelligence (AI) will create labor shortages rather than replace human jobs, countering widespread concerns about AI-driven unemployment. He explained that AI will accelerat...
Amazon is investigating three engineers who spoke against the rapid expansion of AI data centers and urged stronger government regulation during Seattle City Council meetings. The employees criticized the tech industry's aggressive AI infrastructure ...
Amazon's 12th annual Prime Day, running June 23-26, is projected to generate about $21.6 billion in sales, a 5% increase from last year, according to Bank of America. The event features millions of deals across 35+ categories and highlights Amazon's ...
Amazon Web Services (AWS) is considering selling its AI chip, Trainium, to other companies, potentially creating a $50 billion competitor to Nvidia in the AI chip market. This move follows CEO Andy Jassy's statement about the high demand for AWS's ho...
