Amazon.com Inc. plans to eliminate roughly 14,000 corporate jobs just months after Chief Executive Officer Andy Jassy warned that AI will shrink the company’s workforce.
Reuters reported earlier that as many as 30,000 people would lose their jobs.
Elsewhere, Qualcomm shares rose to their highest price in 15 months after unveiling chips and computers for the lucrative AI data center market, aiming to challenge Nvidia Corp. in the fastest-growing part of the industry. Bloomberg News Big Tech Team Leader Sarah Frier joins Bloomberg Businessweek Daily to discuss. She speaks with Carol Massar and Tim Stenovec.
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