Amazon Scales Back Nova AI Models as Premier Nears End of Life
Amazon is winding down its Nova AI model line, with Premier approaching end of life and no new model releases planned. The retreat marks a rare step back for Amazon in the AI race, as the company pivots to Bedrock platform strategy.
140,000 US Tech Jobs Cut in 2026 as 21 Companies Cite AI
Nearly 140,000 US tech jobs have been cut in 2026, with 21 major companies citing AI as a factor. Amazon, Oracle, Meta, and Microsoft account for roughly 50,000 of the cuts, as AI automation displaces roles across the industry.
Fresh off Bond Sale, Amazon Borrows $17.5B from Banks as AI Spending Continues
Amazon signed a $17.5 billion delayed-draw term loan led by Citigroup, just two days after a $14 billion Canadian bond sale brought new financing to $31.5B in 48 hours.
OpenAI Frontier Models and Codex Now Available on Amazon Web Services
OpenAI's GPT-5.5 and Codex are now available through AWS, giving enterprise customers access to frontier AI models through their existing cloud infrastructure and billing relationships.