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Amazon cut jobs inside its artificial general intelligence unit on Wednesday, thinning the team behind its Nova AI models and widening a restructuring that has eliminated roughly 30,000 roles. Key Points Amazon reduced staff in the AGI group that builds its Nova models, without disclosing how many j

Alphabet delivered one of its strongest cloud quarters on record in Q2 2026, beating Wall Street expectations on revenue growth and cementing Google Cloud as the clearest beneficiary of surging enterprise AI demand. Yet, investors responded by selling the stock, spooked by a dramatic escalation in c

Anthropic is on course to post more than $1 billion in profit in Q3 2026, according to an analysis, as the company's confidential IPO filing already in progress. According to SemiAnalysis, Anthropic's annualized recurring revenue is projected to reach $300 billion by end of 2027. At current software

SpaceX climbed into the ranks of the world's most valuable companies on Tuesday, briefly passing Amazon and Microsoft near a $2.94 trillion valuation before momentum cooled and dragged shares back. Key Points: SpaceX jumped about 12% on Tuesday, its third trading day, briefly overtaking Microsoft ne

A new study scoring how aggressively S&P 500 firms use artificial intelligence handed perfect marks to Nvidia, Amazon, Meta and oil services giant Schlumberger. Key Points: Nvidia, Amazon, Meta and Schlumberger each posted a perfect 100 on a new corporate AI ranking. The open-source index draws on e