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Amazon axes 16,000 jobs as it pushes AI and efficiency
Amazon confirmed 16,000 corporate job cuts, bringing total layoffs to 30,000, as CEO Andy Jassy pushes to reduce bureaucracy.
Wall Street indexes close higher ahead of earnings, Fed meeting
Jan 26 (Reuters) – The S&P 500 and the Nasdaq advanced for a fourth consecutive session on Monday, as investors geared up for a slew of mega-cap earnings and a Federal Reserve update on interest rate policy later this week. Both indexes hit their highest levels in more than a week and registered their longest […]
Amazon plans thousands more corporate job cuts next week
Amazon plans another round of corporate job cuts next week as it moves toward eliminating about 30,000 roles companywide.
Appian wins $500M Army contract
Appian announced last week that the U.S. Army has awarded the company a new enterprise contract valued at up to $500 million.
US approves Nvidia H200 chip exports to China with some conditions
The Trump administration approved Nvidia’s H200 AI chip sales to China under new restrictions, drawing concern from national security hawks.
Microsoft rolls out initiative to limit data-center power costs, water use impact
Microsoft says it will curb water use and cover power costs at U.S. data centers as communities and Trump raise concerns grow.
Trump seeks to quell data center rebellion
Trump urges tech giants, led by Microsoft, to ensure AI data centers don’t raise electricity bills amid community backlash.
Alphabet hits $4 trillion valuation as AI refocus lifts sentiment
Jan 12 (Reuters) – Alphabet hit a $4 trillion market valuation on Monday, as the Google parent’s sharpened artificial intelligence focus allayed doubts about its strategy and thrust it back to the forefront of the high-stakes race. The tech giant on Wednesday surpassed Apple in market capitalization for the first time since 2019, becoming the […]
JPMorgan’s asset management arm to end use of proxy advisers in US, memo shows
Jan 7 (Reuters) – JPMorgan Chase’s asset management division no longer plans to use proxy advisers in the U.S., according to an internal memo seen by Reuters on Wednesday, a move the bank described as an industry first. Conservatives and some business leaders have for years leveled complaints about proxy advisers and large fund managers, […]
EAB acquires UK-based AI marketer
EAB, which has a significant presence in Henrico County, has acquired U.K.-based Hybrid to expand AI-powered digital marketing services for colleges and universities.
Chip stocks jump on AI optimism; Dow ends at record high
Wall Street ends higher as chip stocks rally on AI optimism, Moderna jumps and the Dow reaches a record high.
Hyundai Motor Group plans to deploy humanoid robots at US factory from 2028
LAS VEGAS, Jan 5 (Reuters) – Hyundai Motor Group plans to deploy humanoid robots at its U.S. manufacturing plant in Georgia starting in 2028, marking a step toward automating higher-risk and repetitive manufacturing tasks, the South Korean company said. Hyundai unveiled the production version of the Atlas humanoid robot, developed by its unit Boston Dynamics, […]
