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    Are you missing the hidden AI goldmine powering Google and Amazon’s biggest 2025 profits — the unseen startup every investor wishes they spotted first?

    Google and Amazon earn billions from AI startup Anthropic. Both tech giants are reaping massive paper gains. Alphabet reported $10.7 billion. Amazon gained $9.5 billion pre-tax. Anthropic, founded in 2021 by former OpenAI employees, powers the Claude chatbot. Google invested over $3 billion, Amazon around $8 billion. Cloud deals and AI chips boost earnings. Anthropic’s latest funding values it at $183 billion. Early AI bets are already paying off, giving Google and Amazon a strategic edge in the AI race.

    Amazon layoffs hit California the most: 7 cities, 1403 affected - coders, analysts, marketers, recruiters sacked

    Amazon layoffs California: Amazon is cutting over 1,400 jobs in California. This is part of a larger global layoff of 14,000 employees. The company is focusing on artificial intelligence investments. This shift requires a leaner workforce. Many affected workers are sharing their experiences online. The job cuts impact various roles across seven California cities.

    Amazon layoffs shock: Staff notified by text before arriving to work & get locked out of offices as badges were deactivated

    Amazon employees received surprising text messages last Tuesday, informing them of job cuts. These messages were followed by an email from a senior executive confirming the layoffs. The company is providing full pay and benefits for 90 days, along with severance and job support. Over 14,000 roles are affected as Amazon restructures its workforce.

    Mass layoffs hit Amazon, UPS and Target, but the real reason has nothing to do with AI

    Major companies including Amazon, UPS, and Target are cutting thousands of jobs. This is primarily due to rapid past hiring and internal restructuring. Experts suggest AI is not yet a significant driver of these layoffs. However, some firms like Chegg and Salesforce acknowledge AI's role in reducing workforce needs. The labor market faces ongoing uncertainty.

    Amazon shares hit all-time high after OpenAI deal worth $38 billion for cloud services

    OpenAI has signed a seven-year, $38 billion deal to buy cloud services from Amazon.com, in its first big push to power its AI ambitions after a restructuring last week that gave the ChatGPT maker greater operational and financial freedom.

    Amazon share price: AMZN stock surges 5% after ChatGPT maker OpenAI-AWS deal - here are the contours and what it means for investors

    Amazon stocks: OpenAI will begin using Amazon Web Services immediately, with all planned capacity set to come online by the end of 2026 and room to expand further in 2027 and beyond.

    The Economic Times
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