Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Tech

Amazon engineers heavily impacted by record layoffs

Amazon cuts 1,800 engineering jobs in record layoffs while aiming to innovate faster with leaner workforce

Published

on

Amazon cuts 1,800 engineering jobs in record layoffs while aiming to innovate faster with leaner workforce

video
play-sharp-fill
In Short:
– Amazon laid off over 1,800 engineers across gaming and advertising as part of a restructuring initiative.
– The company is reallocating resources towards artificial intelligence while further job reductions may occur.
Amazon laid off over 1,800 engineers as part of a record reduction affecting multiple divisions, including gaming and advertising.The company’s recent layoffs, part of a broader trend in the tech sector, saw 40% of job cuts in engineering roles across various states, according to WARN filings.

These reductions occurred amid a restructuring initiative aimed at making Amazon function more like a startup, with CEO Andy Jassy advocating for a leaner workforce and faster decision-making.

Banner

In the wake of these layoffs, Amazon is focusing on shifting resources towards artificial intelligence, which Jassy believes will reshape the company’s workforce. The company stated that although AI is a transformative tool, it was not the primary cause of recent job cuts.

Reports suggest that further job reductions may be forthcoming as Amazon continues to streamline. The job reductions affected multiple levels of software engineers, particularly mid-level staff, as the company cuts costs and reinforces its focus on innovation.

Job Cuts

The layoffs also included significant reductions in Amazon’s gaming division, with a focus on reducing roles tied to major game development projects. This effort reflects a broader strategy to mitigate expenses while reallocating resources towards more profitable ventures within the company.

Amazon’s ad division similarly experienced cuts, with over 140 positions eliminated, illustrating a trend of expansion and contraction within various business units in a changing economic landscape.


Download the Ticker app

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

Tech

OpenAI and Anthropic launch faster, smarter AI tools for enterprise coding

OpenAI and Anthropic launch advanced coding models, revolutionizing enterprise software development and intensifying the AI tooling competition.

Published

on

OpenAI and Anthropic launch advanced coding models, revolutionising enterprise software development and intensifying the AI tooling competition.

OpenAI and Anthropic have unveiled powerful new AI coding models aimed at transforming enterprise software development. GPT-5.3 Codex operates 25% faster than its predecessor, tackling complex tasks and following real-time directions without losing context.

Claude Opus 4.6 introduces ‘agent teams’, allowing multiple AI agents to work on tasks simultaneously. The update also includes a one-million-token context window, enabling large volumes of text and code to be processed in a single prompt.

GitHub now supports multiple coding agents, letting developers compare AI approaches on the same problems. Both OpenAI and Anthropic are pushing for enterprise adoption, highlighting the potential for professional applications across industries.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#AI #MachineLearning #TechNews #EnterpriseTech #OpenAI #Anthropic #SoftwareDevelopment #Coding


Download the Ticker app

Continue Reading

Tech

Nvidia and Amazon explore massive OpenAI funding round

Nvidia CEO downplays $100B OpenAI investment, as Amazon eyes $50B stake in AI startup

Published

on

Nvidia CEO downplays $100B OpenAI investment, as Amazon eyes $50B stake in AI startup

video
play-sharp-fill
In Short:
– OpenAI aims to raise up to $100 billion, with Amazon considering a $50 billion investment.
– Funding will support Project Stargate and address projected losses of $14 billion by 2026.

Nvidia’s CEO has confirmed the company will participate in a major funding round for OpenAI, though the previously mentioned $100 billion commitment is not final.

This investment comes as OpenAI seeks to raise up to $100 billion, potentially valuing the AI startup at around $830 billion. Amazon is also reportedly in discussions to contribute up to $50 billion.

The funding is intended to support OpenAI’s ambitious $500 billion Project Stargate, aimed at pushing the boundaries of artificial intelligence.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker


Download the Ticker app

Continue Reading

News

Big Tech earnings spark investor unease over AI spending

Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.

Published

on

Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.

Investors are reacting sharply to Big Tech earnings this week, sending a clear signal that massive spending must translate into real growth. Markets are becoming less forgiving as companies pour billions into artificial intelligence, data centres and future tech while returns remain uncertain.

Meta has delivered a standout performance, posting a 24 percent jump in revenue for the December quarter, fuelled by AI-powered advertising. The company is doubling down on its strategy, with aggressive investment in AI and infrastructure expected to drive a further 33 percent growth this quarter.

Microsoft and Tesla tell a more cautious story. Microsoft reported only modest growth in its Azure cloud business, raising questions about its exposure to OpenAI, while Tesla plans to double spending on AI and autonomous driving. Analysts warn of a widening gap between bold AI ambitions and what investors expect in returns.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker
Download the Ticker app

Continue Reading

Trending Now