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Key Facts

Founded1994

Key PeopleAndy Jassy

HeadquartersSeattle, USA

ProductsAlexa, Nova

Top News

Tech giants fund $500M initiative to tackle AI workforce disruption as job losses loom

Former Commerce Secretary Gina Raimondo unveils Raise Us, a bipartisan nonprofit backed by OpenAI, Anthropic, Microsoft, and Amazon with $500 million in funding. The initiative aims to test worker retraining programs across four states as estimates suggest AI could displace up to 25 million U.S. jobs within five years. The effort brings together rival AI companies to address potential job displacement before an AI economy crisis unfolds.

Policy4 sources

Tech giants fund $500M initiative to tackle AI workforce disruption as job losses loom

Policy4 sources

Amazon boosts India investment to $48 billion, expanding AI and cloud infrastructure by 2030

Amazon announced an additional $13 billion investment in India's AI and cloud infrastructure, bringing its total commitment to $48 billion through 2030. CEO Andy Jassy met Prime Minister Narendra Modi to discuss the expansion, which will support AWS data center capacity in Mumbai and Hyderabad while creating millions of jobs and digitizing small businesses across the country.

Business5 sources

Amazon boosts India investment to $48 billion, expanding AI and cloud infrastructure by 2030

Business5 sources

Prime Day becomes AI commerce's biggest stress test as shopping agents reshape retail

Amazon's Prime Day 2026 is unfolding as the first major sales event where AI shopping agents actively research, recommend and complete purchases at scale. With 60% of shoppers likely to use AI for purchases and Bank of America projecting $21.6 billion in sales, the event will reveal how agentic commerce is transforming product discovery, customer behavior and the future of e-commerce infrastructure.

Technology2 sources

Prime Day becomes AI commerce's biggest stress test as shopping agents reshape retail

Technology2 sources

Plaud AI voice recorders drop 20% for Prime Day as 2M users adopt AI note-taking devices

Plaud AI is offering up to 20% off its popular AI voice recorders during the Prime Day sale running through June 26. The lineup includes the Plaud Note AI starting at $127, the compact NotePin S, and the upgraded Note Pro. These AI-powered note-taking devices use advanced speech recognition to capture conversations and transform them into transcripts, summaries, and action items—eliminating note-taking headaches for over two million users globally.

Technology3 sources

Plaud AI voice recorders drop 20% for Prime Day as 2M users adopt AI note-taking devices

Technology3 sources

Tech Stock Selloff Shakes Global Markets as Investors Question AI Spending Returns

A sharp tech stock selloff sent the Nasdaq down 2% on Tuesday as investors questioned whether massive AI spending will deliver promised returns. Semiconductor companies including Nvidia and Micron led the decline, triggering a global market correction that spread from Wall Street to Asian markets. The sell-off raises fundamental questions about AI stock valuations after a relentless three-month rally.

Business8 sources

Tech Stock Selloff Shakes Global Markets as Investors Question AI Spending Returns

Business8 sources

Cerebras stock plummets 17% as AI chipmaker's first earnings report reveals margin pressures

Cerebras Systems delivered strong 92% revenue growth in its first earnings report since going public, but investor concerns over shrinking gross margins sent shares tumbling 17%. The AI chipmaker forecast full-year margins of 38-41%, significantly below rivals like Nvidia, highlighting the financial pressures of manufacturing wafer-scale AI chips despite securing major deals with OpenAI and Amazon.

Business8 sources

Cerebras stock plummets 17% as AI chipmaker's first earnings report reveals margin pressures

Business8 sources

Amazon tests Alexa+ with Hindi language support in India, targeting 600 million speakers

Amazon is beta-testing a Hindi-language version of Alexa+ in India, marking its first expansion into a non-Western language market. The company invited select customers to join the beta program by June 22, targeting over 600 million Hindi speakers who often code-switch between Hindi and English in daily conversation.

Technology3 sources

Amazon tests Alexa+ with Hindi language support in India, targeting 600 million speakers

Technology3 sources

Amazon drops OpenAI movie after $50 billion investment raises conflict of interest concerns

Amazon MGM Studios has abandoned Artificial, a nearly-complete biographical drama about OpenAI CEO Sam Altman, just months after investing $50 billion in the AI company. The decision came despite the film being in postproduction with test screenings already conducted. Multiple major studios have declined to pick up the project, signaling a troubling shift in Hollywood's willingness to critique Big Tech.

Entertainment3 sources

Amazon drops OpenAI movie after $50 billion investment raises conflict of interest concerns

Entertainment3 sources

Amazon plans to sell Trainium AI chips directly, mounting a $50 billion challenge to Nvidia

Amazon Web Services is in talks to sell its Trainium AI chips to other companies for use in data centers, marking a major shift in strategy. The move could create a $50 billion business that directly competes with Nvidia's AI chip dominance. AWS AI chief Peter DeSantis confirmed early-stage discussions are underway, driven by surging demand that has seen Trainium3 capacity sell out almost instantly.

Technology3 sources

Amazon plans to sell Trainium AI chips directly, mounting a $50 billion challenge to Nvidia

Technology3 sources

Amazon employees face investigation after testifying against AI data centers at Seattle hearings

Three Amazon engineers are under investigation after speaking at Seattle City Council meetings that led to a one-year moratorium on AI data center construction. The employees, members of Amazon Employees for Climate Justice, say they were intimidated during HR meetings and are being monitored at work, with possible termination on the table. Amazon claims they may have violated company policy by speaking as representatives rather than private citizens.

Policy7 sources

Amazon employees face investigation after testifying against AI data centers at Seattle hearings

Policy7 sources

Amazon Prime Day 2026 in India: 72-hour sale brings AI tools, 500+ launches, and anniversary deals

Amazon India announces its 10th annual Prime Day sale running July 4-6, 2026. The 72-hour event marks a decade milestone with over 500 new product launches from 100+ brands, AI-powered shopping assistants including Rufus and Lens AI, and special anniversary pricing on Prime memberships. SBI and Axis Bank cardholders get 10% instant discounts while small businesses and regional artisans join major brands like Samsung, OnePlus, and LG.

Business2 sources

Amazon Prime Day 2026 in India: 72-hour sale brings AI tools, 500+ launches, and anniversary deals

Business2 sources

Amazon AI chief admits models lag OpenAI and Anthropic, aims to catch up within a year

Amazon's AI chief Peter DeSantis openly acknowledged that the company's models haven't reached frontier level compared to OpenAI and Anthropic. Despite investing $33 billion in Anthropic, Amazon is building its own rival models through Nova2 and plans to compete with leading AI labs within the coming year using custom silicon and proprietary data.

Technology2 sources

Amazon AI chief admits models lag OpenAI and Anthropic, aims to catch up within a year

Technology2 sources

Jeff Bezos predicts AI will create labor shortage, contradicting widespread job displacement fears

Amazon founder Jeff Bezos challenged widespread concerns about AI-driven unemployment at VivaTech Paris, arguing the technology will create a labor shortage rather than eliminate jobs. His optimistic stance contradicts recent Big Tech layoffs and warnings from other industry leaders, sparking debate about whether this narrative shift reflects genuine insight or strategic public relations.

Business12 sources

Jeff Bezos predicts AI will create labor shortage, contradicting widespread job displacement fears

Business12 sources

Prediction markets bet Anthropic will restore Fable 5 access after government shutdown

Anthropic disabled its most powerful AI model Fable 5 on June 12 following a U.S. government order triggered by Amazon security findings. The model, which helped Stripe complete two months of coding work in one day, was pulled globally after researchers found vulnerabilities. Prediction market traders now give 74% odds that Fable 5 access returns by July 10.

Policy2 sources

Prediction markets bet Anthropic will restore Fable 5 access after government shutdown

Policy2 sources

Jeff Bezos returns as CEO for Prometheus AI startup, now valued at $41 billion after new funding

Jeff Bezos has returned to the CEO role at Prometheus, an AI startup building models for physical tasks like engineering and product development. The company just secured $12 billion in new funding, reaching a $41 billion valuation. Bezos describes the role as 'Type 2 fun' – challenging but rewarding – and says he couldn't sit on the sidelines after seeing the company's potential.

Startups2 sources

Jeff Bezos returns as CEO for Prometheus AI startup, now valued at $41 billion after new funding

Startups2 sources

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