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Tag: Amazon

All Finances

Microsoft to slash nearly 4,800 jobs as AI spending soars

July 6, 2026July 6, 2026 - by cmedia

IBNS-CMEDIA: Microsoft is laying off about 4,800 employees, or roughly 2.1 per cent of its global workforce, as the tech giant doubles down on artificial intelligence (AI) investments while looking …

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Technology

Amazon plans to invest up to $25 billion in Anthropic

April 21, 2026April 21, 2026 - by cmedia

IBNS-CMEDIA: Tech giant Amazon has announced plans to invest up to $25 billion in Anthropic, deepening its partnership with the fast-rising artificial intelligence firm. In a statement issued on Monday, …

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Technology

Amazon phases out major features on older Kindle devices from May 20

April 9, 2026April 9, 2026 - by cmedia

IBNS-CMEDIA: Amazon plans to discontinue Kindle Store functions on older devices released in 2012 and earlier, according to media reports. The change will come into effect on May 20, 2026. …

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Technology

Amazon joins hands with NVIDIA to advance AI-powered driving systems

March 20, 2026March 20, 2026 - by cmedia

IBNS-CMEDIA: Amazon is working with NVIDIA on a solution that could enable car manufacturers to combine Amazon’s Alexa Custom Assistant (ACA) with the NVIDIA DRIVE AGX automotive computing platform and a …

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Foreign

Drones hit Amazon infrastructure in UAE and Bahrain amid widening regional unrest

March 4, 2026March 4, 2026 - by cmedia

IBNS-CMEDIA: Amazon said drones struck three of its Middle East data centers, causing service outages and significant disruption as the broader regional conflict intensifies. In a post on its health dashboard Monday, …

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Technology

OpenAI and Amazon strategic partnership to accelerate AI innovation

March 1, 2026March 1, 2026 - by cmedia

IBNS-CMEDIA: OpenAI and Amazon has announced a multi-year strategic partnership to accelerate AI innovation for enterprises, startups, and end consumers around the world. Amazon will also invest $50 billion in OpenAI, starting with …

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Technology

Amazon and OpenAI seal high-impact strategic collaboration

February 28, 2026February 28, 2026 - by cmedia

IBNS-CMEDIA: OpenAI and Amazon has announced a multi-year strategic partnership to accelerate AI innovation for enterprises, startups, and end consumers around the world. Amazon will also invest $50 billion in OpenAI, starting with …

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All Finances

Amazon India Partners With Govt to Enhance Product Visibility of artisans

December 13, 2025December 13, 2025 - by cmedia

IBNS-CMEDIA: The Indian Ministry of Micro, Small and Medium Enterprises has signed a Memorandum of Understanding (MoU) with Amazon Seller Services Private Ltd. to enable artisans enrolled under the PM …

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Amazon AWS and OpenAI
Finance/Business / Technology

OpenAI and Amazon’s AWS sign a game-changing $38 billion deal

November 4, 2025November 4, 2025 - by cmedia

IBNS-CMEDIA: Amazon Web Services (AWS) and OpenAI have announced a multi-year, strategic partnership that provides AWS’s infrastructure to run and scale the AI firm’s core artificial intelligence (AI) workloads starting immediately. …

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All Finances

Major IT firms with AI roles see layoffs of over 1,00,000 employees

November 2, 2025November 2, 2025 - by cmedia

#Microsoft# Meta# Amazon# Intel# IT Layoffs; #AI IBNS-CMEDIA: 2025 witnessed major IT firms further expanding their AI role, besides laying off over 1,00,000 employees across 218 companies, as per data …

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