# Amazon
Latest news and articles about Amazon
Total: 15 articles found
Huang Says Nvidia Will Join OpenAI’s New Fundraise — But $100bn Claim Is Off the Table
Jensen Huang confirmed Nvidia will participate in OpenAI’s current fundraising round but denied the company would invest anywhere near $100 billion, a figure that had been reported earlier. His comments aim to reassure markets that Nvidia–OpenAI ties remain strong while tempering expectations about the scale of Nvidia’s financial commitment.
Amazon to Cut Nearly 16,000 Jobs as it Tightens Its Belt and Repositions for AI Era
Amazon has announced nearly 16,000 job cuts as it seeks to curb costs and redeploy resources toward cloud, advertising and artificial-intelligence initiatives. The move reflects a broader industry shift from pandemic-era expansion to a focus on profitability and automation, with implications for employees, customers and competitors.
Mega-Cap Slide Sends US Market Lower as Chip Stocks Diverge
US markets opened substantially lower as major technology giants fell more than 2%, dragging the Nasdaq down 1.59%. At the same time, semiconductor and storage names such as UMC surged after a production milestone, highlighting a sector rotation that is reshaping market leadership.