"Reuters reports that Amazon.com Inc. ( NASDAQ: AMZN), a giant in the AI industry, is about to lay off 15,000 corporate employees. That is on top of the 14,000 it let go last year, when Amazon management said artificial intelligence (AI) had made many of the jobs "redundant." It is hard to see how the new layoffs are any different. Reuters reports that the Seattle-based online retailer tied the October round of job cuts to the rise of AI software. It said in an internal letter that "this generation of AI is the most transformative technology we've seen since the Internet, and it's enabling companies to innovate much faster than ever before.""
"There are only a few companies at the top of the global AI pyramid. These include public companies Alphabet, Meta, Microsoft, and Nvidia. The private company leaders are OpenAI, xAI, and Anthropic. It is a furious race, fueled by costly Nvidia chips and hundreds of billions of dollars invested in massive data centers, some as large as New York City's Central Park. At the core of this expansion lies what may be the most important question in tech history. Who will own the largest piece of the AI landscape, and which companies will find themselves left behind?"
Amazon plans to lay off 15,000 corporate employees, following 14,000 cuts last year when management said AI made many jobs redundant. The company tied the October round of cuts to the rise of AI software and called this generation of AI the most transformative technology since the Internet, enabling faster innovation. A small group of public and private companies—Alphabet, Meta, Microsoft, Nvidia, OpenAI, xAI, and Anthropic—dominate the AI race, powered by expensive Nvidia chips and massive data center investments. Microsoft reports AI now writes a significant share of its code, and Amazon has hinted AI will affect future headcount while expanding product offerings.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]