CNBC’s Jim Cramer on Thursday affirmed his faith in the earnings power of artificial intelligence, telling investors that Big Tech hyperscalers aren’t spending too much on the new technology. “These companies aren’t overspending on AI, they are actually underspending on AI,” Cramer said. “See, this is a winner-take-all, loser-take-none situation. The only reason to spend…
The front desk of the Amazon office is pictured in New York, May 1, 2019. Carlo Allegri | Reuters Amazon is shuttering its research lab in Shanghai focused on artificial intelligence development, the latest belt-tightening move by the e-commerce and cloud computing giant. Wang Minjie, an applied scientist at the lab, wrote in a WeChat…
Jeff Bezos, founder and executive chairman of Amazon, takes the stage during The New York Times’ annual DealBook Summit, at Jazz at Lincoln Center in New York City on Dec. 4, 2024. Michael M. Santiago | Getty Images President Donald Trump met with Amazon founder Jeff Bezos at the White House last week, CNBC has…
The Huawei booth at the Mobile World Congress in Barcelona, 2025. Arjun Kharpal | CNBC Despite being beaten down by years of U.S. trade restrictions, China’s telecom giant Huawei has quietly emerged as one of the country’s fiercest competitors across the entire AI landscape. Not only does the Shenzhen-based firm appear to represent Beijing’s answer…
Microsoft Chairman and Chief Executive Officer Satya Nadella (L) returns to the stage after a pre-recorded interview during the Microsoft Build conference opening keynote in Seattle, Washington on May 19, 2025. Jason Redmond | AFP | Getty Images Microsoft on Friday revised its practices to ensure that engineers in China no longer provide technical support…
Attendees walk through an exposition hall at AWS re:Invent, a conference hosted by Amazon Web Services, in Las Vegas on Dec. 3, 2024. Noah Berger | Getty Images Amazon is laying off some staffers in its cloud computing division, the company confirmed Thursday. “After a thorough review of our organization, our priorities, and what we…
United Launch Alliance Atlas V rocket carrying the first two demonstration satellites for Amazon’s Project Kuiper broadband internet constellation stands ready for launch on pad 41 at Cape Canaveral Space Force Station on October 5, 2023 in Cape Canaveral, Florida, United States. Paul Hennessey | Anadolu Agency | Getty Images As Amazon chases SpaceX in…
The logo for the Food and Drug Administration is seen ahead of a news conference on removing synthetic dyes from America’s food supply, at the Health and Human Services Headquarters in Washington, DC on April 22, 2025. Nathan Posner | Anadolu | Getty Images The U.S. Food and Drug Administration on Tuesday published a warning…
Amazon CEO Andy Jassy attends the Allen & Company Sun Valley Conference on July 9, 2025, in Sun Valley, Idaho. Kevin Dietsch | Getty Images Amazon’s cloud unit said Monday that it has released a preview of Kiro, a program developers can use to write code with help from artificial intelligence. In a post on…
With the U.S. economy solid but still facing elevated risk of recession — or, as President Trump described it in May, in a “transition period” — states are pitching themselves as the most stable place for companies to locate no matter what happens to the economy. “Multiple international headquarters, hundreds of billions of committed investments…
