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The Latest Breaking News from Andy Jassy

Amazon is making its own AI power play with new Nova models

Amazon is betting that offering AI models of similar capability to others but at a lower price will be the key to winning marketshare

Fortune

"It's actually quite difficult to build a really good generative AI application" - Amazon CEO outlines its AI vision, and challenges

Turns out it's quite difficult to build a good Gen AI app, Amazon CEO says.

TechRadar

Amazon unveils surprise new video and image AI models to compete with the best on the market

Amazon Nova will offer new video and image generation AI models.

TechRadar

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Amazon employees are 'rage-applying' as its return-to-office mandate looms—experts say that's exactly what CEO Andy Jassy wants

The tech mammoth’s RTO push is wildly unpopular—and that could be exactly what it wants.

Fortune

Exclusive: Leaked Amazon memos identify critical flaws in the upcoming AI version of Alexa

The planned update to voice assistant Alexa is bogged down with problems including latency, which requires "significant improvements,” an internal memo said.

Fortune

In no great rush to get back to the office? UK home workers may not have a choice

Supermarket chain Asda has joined the growing number of firms demanding staff return to the workplace. Does this signal the end for remote working or is it a new battle line?

The Guardian - UK

Amazon CEO Andy Jassy hates bureaucracy so much he's planning to increase the ratio of employees to managers

The e-commerce giant says bureaucracy creates inefficiency.

Fortune

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CEOs including Satya Nadella and Sam Altman are lining up to congratulate Donald Trump on his election victory

CEOs and business leaders took to social media to congratulate President-elect Donald Trump on his second White House victory.

Fortune

Andy Jassy denies that 5-day RTO plan is a "backdoor layoff"

Jassy insists the move is about strengthening company culture.

Fortune

Amazon CEO denies forced return to office move is "backdoor layoff"

Andy Jassy says Amazon’s new five-day RTO policy, up from three days, isn’t a layoffs exercise.

TechRadar

Amazon CEO hints new AI Alexa will complete your tasks

Andy Jassy hinted that the long-awaited AI-powered Alexa will be all about taking actions, and not just providing answers. But it’s unclear when the product will actually launch.

Fortune

Amazon Pops After Q3 Earnings: Is It Too Late to Buy AMZN Stock Now?

While Amazon stock is trading higher today after reporting better-than-expected Q3 earnings, it might still not be too late to buy AMZN stock.

Barchart

Amazon Leads Dow Jones Stocks After Stellar Earnings Report

Amazon stock is higher Friday after the e-commerce and cloud giant reported strong Q3 earnings and Wall Street sees even more upside ahead. Here's why.

Kiplinger

AI push sees AWS results hit new high as cloud demand soars

Amazon’s Q3 revenue is up 11% thanks to a 19% growth in its cloud division, which accounts for nearly a fifth of total company revenue.

TechRadar

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Fortune

Amazon's $110 billion cloud business is sporting record profits even amid the expensive the Gen AI arms race

CEO Andy Jassy acknowledged that Amazon must sacrifice short-term profits by spending heavily on AI infrastructure that may pay off big later.

Fortune

Distraught Amazon employees send AWS chief open letter against RTO policy, calling it an ‘outright abdication’ of its role as industry leader

Hundreds of employees criticized Amazon’s leadership for making a gut decision rather than a data-driven one.

TechRadar

Hundreds of Amazon employees petition CEO to reverse return-to-office policy

Amazon’s cloud workers have been told to return to the office full-time, but a petition is being put forward to stop that.

Top News

Tech Executives Seek Audience With Trump Ahead Of Election

Top tech executives engage with Trump ahead of Election Day, signaling potential support. Trump's interactions with CEOs like Tim Cook, Sundar Pichai, and ...

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Fortune

Amazon exec says 9 out of 10 workers are happy with the company’s RTO mandate

Despite Matt Garman's assessment that most workers are raring to return to their desks, studies suggest that many will be disgruntled and take up his offer to quit.

Fortune

Amazon boss has a brutal response to staffers who don’t like 5-day RTO mandate: Leave

Amazon CEO Andy Jassy has told staff to be in the office five days a week, with AWS CEO Matt Garman saying staff should leave if they don’t like it.

International Business Times UK

Amazon Exec Says 9 Out Of 10 Workers Happy With RTO Policy, Tells Critics To Quit Since 'There Are Other Companies Around'

Amazon's new 5-day in-office policy has sparked widespread backlash from employees. Many argue it's unnecessary and time-consuming.

Fortune

Former Amazon and Flexport leader Dave Clark has raised $100 million to bet on himself

The former CEO of Amazon’s consumer business has founded Auger, an AI-powered startup aiming to build a modern supply-chain OS.

International Business Times UK

Amazon Has Over 1.5M Employees But Around 14,000 May Be Cut: What Is Going On?

According to Morgan Stanley, Amazon could save billions by cutting 14,000 managers. The company has already laid off thousands of employees this year.

Fortune

Leaked: Whole Foods CEO tells staff he wants to turn Amazon’s RTO mandate into more ‘carrot’ than ‘stick’

Employees of the Amazon-owned grocery subsidiary submitted more than 1,200 questions about the controversial five-day return-to-office policy ahead of a special all-staff meeting.

Fortune

Amazon’s RTO charge is just layoffs in disguise, experts say

The tech mammoth’s RTO push is wildly unpopular—and that could be exactly what it wants.

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