Amazon has laid off at least several hundred employees from its Amazon Web Services (AWS) cloud computing division. The job cuts are part of a broader strategic shift toward artificial intelligence (AI) and automation, despite AWS’s strong financial performance in the first quarter. An Amazon spokesperson confirmed the layoffs but declined to specify the exactContinue reading “Amazon’s AWS Cloud Computing Unit Cuts Hundreds of Jobs Amid AI Shift”
Tag Archives: business
Google licenses Windsurf’s technology for $2.4 billiom
Alphabet’s Google has struck a $2.4 billion licensing and talent-acquisition deal with AI-based code-generation startup Windsurf, bringing key executives and researchers into its DeepMind division to strengthen its agent-driven coding platform, sources told Reuters. Under the agreement, Google gains non‑exclusive rights to integrate select Windsurf technologies while hiring CEO Varun Mohan, co‑founder Douglas Chen, and severalContinue reading “Google licenses Windsurf’s technology for $2.4 billiom”
Jeffries Quarterly Earnings Slump
Here’s a rewritten version of the Reuters article with fresh structure and phrasing: Jefferies Q2 Profit Takes a Hit as Equity Underwriting Slumps, But Deal Outlook Improves** Earnings slide; advisory revenue shines Jefferies Financial Group reported a nearly 40% year-over-year drop in Q2 net income, slumping to \$88 million (40¢ per share), underperforming analyst expectationsContinue reading “Jeffries Quarterly Earnings Slump”
Amazon CEO Jeff Bezos seen warming up to Trump Administration
Jeff Bezos, executive chairman of Amazon and founder of Blue Origin, has taken significant steps this month to improve ties with former President Donald Trump, a move analysts say is intended to secure policy and contract advantages for his space company. According to The Wall Street Journal, Bezos spoke with Trump at least twice inContinue reading “Amazon CEO Jeff Bezos seen warming up to Trump Administration”
IBM & Lumen Partnership announced at NY Summit
In a landmark collaboration that signals a new era in enterprise artificial intelligence, IBM and Lumen Technologies have jointly unveiled a cutting-edge AI platform designed to unify edge, private, and public cloud environments. Announced at the Global AI Summit in New York, the platform is aimed at helping large enterprises harness the full power ofContinue reading “IBM & Lumen Partnership announced at NY Summit”
Leaked Memo from Shopify CEO, “AI before humans”
A leaked internal memo from Tobi Lütke, the CEO of Shopify, has caused a stir within the company and across the broader tech industry, revealing his ambitious vision for the future of the company. The memo, which surfaced on social media last week, emphasizes artificial intelligence (AI) as a higher hiring priority than human talent,Continue reading “Leaked Memo from Shopify CEO, “AI before humans””
Tech Transit Lab Announces 2025 Cohort to Pilot Solutions with Major Transit Agencies
The Tech Transit Lab, an innovation hub focused on transforming public transportation, has unveiled its highly anticipated 2025 cohort, comprising 12 cutting-edge startups set to pilot new technologies in collaboration with some of the region’s most prominent transit agencies. The cohort will work with the Metropolitan Transportation Authority (MTA), Port Authority of New York andContinue reading “Tech Transit Lab Announces 2025 Cohort to Pilot Solutions with Major Transit Agencies”
NYC Startup Ecosystem Thriving
New York City’s startup ecosystem continues to thrive as the city saw a surge in venture capital (VC) funding in April, with a total of $1.4 billion raised across 62 deals. This marks a 41% increase from the previous month, underscoring the city’s growing prominence as a tech hub. In fact, New York accounted forContinue reading “NYC Startup Ecosystem Thriving”
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