Amazon announced it will drastically cut its AI research division and focus the freed resources on a new project led by a renowned AI robotics expert.
With smartphone sales down about 20% from 2025, Qualcomm is pivoting to the AI data center business to boost revenue through partnerships with Amazon and Meta.
Democrats won both houses in the US midterms, accelerating moves to strengthen AI oversight and restrict data center construction, while stocks of major IT firms with existing infrastructure rose.
Amazon issued an internal memo with mixed messages about AI use, causing shock among employees, while many software engineers feel bleak about the future of the profession.
The article discusses how Anthropic's IPO structure benefits Google and Amazon, describing the company as a collection of monopolies.
Amazon's July-September quarter recorded record revenue with AWS up 39.3% and backlog at $578 billion, though free cash flow turned significantly negative due to heavy capex.