Microsoft Azure, Amazon and outage
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Amazon cuts 14,000 corporate jobs
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Amazon will report its quarterly earnings on Tuesday, following a massive AWS outage and amid concerns about its AI growth.
Analysts expect steady gains for Amazon, Apple, and Microsoft in Q3, driven by cloud, advertising, and retail performance. Price targets range from $280 to $625.
Microsoft's AI infrastructure spending to meet growing cloud services demand is outpacing Wall Street expectations, deepening investor fears about the costs of sustaining the boom.
The technology giant will take a 27% stake in OpenAI’s for-profit arm when it converts into a public benefi
Seattle Mayor Bruce Harrell has a message for his city’s tech giants: it’s time to reinvest in the community. Harrell, speaking at an event Wednesday hosted by the Fremont Chamber of Commerce, said Seattle’s large companies have a “moral obligation to give back.”