The Story
News Summary
- Amazon cut AGI unit jobs amid broader restructuring, admitting its AI models lag OpenAI, Anthropic, and Google.
- Despite layoffs, Amazon maintains massive AI capex plans ($200B in 2026) and growing AWS/Trainium revenue commitments.
Explore AMZN price history & advisor snapshot
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Stored market data
AMZN price history
256.78
+13.48% over the displayed period
Advisor Snapshot
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