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Amazon plans major layoffs including its cloud unit amid ongoing efforts to cut management layers and reduce bureaucracy, aiming to improve margins ahead of its Q4 earnings report next week.
Tech giants Amazon and Meta benefit from soaring AI-driven data center demand, prompting massive investments and boosting utility sectors supporting increased power needs.
Alphabet's shares dropped nearly 3% amid speculation that OpenAI will launch an AI-powered rival browser, threatening Google's Chrome dominance and its core ad revenue stream.