Latest news with #AIservices
The Independent
3 days ago
- Business
- The Independent
Amazon CEO Jassy says AI will reduce its corporate workforce in the next few years
Amazon CEO Andy Jassy anticipates generative artificial intelligence will reduce its corporate workforce in the next few years as the online giant begins to increase its usage of the technology. 'We will need fewer people doing some of the jobs that are being done today, and more people doing other types of jobs,' Jassy said in a message to employees. 'It's hard to know exactly where this nets out over time, but in the next few years, we expect that this will reduce our total corporate workforce as we get efficiency gains from using AI extensively across the company.' The executive said that Amazon has more than 1,000 generative AI services and applications in progress or built, but that figure is a 'small fraction' of what it plans to build. Jassy encouraged employees to get on board with the e-commerce company's AI plans. 'As we go through this transformation together, be curious about AI, educate yourself, attend workshops and take trainings, use and experiment with AI whenever you can, participate in your team's brainstorms to figure out how to invent for our customers more quickly and expansively, and how to get more done with scrappier teams,' he said. Earlier this month Amazon announced that it was planning to invest $10 billion toward building a campus in North Carolina to expand its cloud computing and artificial intelligence infrastructure. Since 2024 started, Amazon has committed to about $10 billion apiece to data center projects in Mississippi, Indiana, Ohio and North Carolina as it ramps up its infrastructure to compete with other tech giants to meet growing demand for artificial intelligence products. The rapid growth of cloud computing and artificial intelligence has meanwhile fueled demand for energy-hungry data centers that need power to run servers, storage systems, networking equipment and cooling systems. Amazon said earlier this month that it will spend $20 billion on two data center complexes in Pennsylvania. In March Amazon began testing artificial intelligence-aided dubbing for select movies and shows offered on its Prime streaming service. A month earlier, the company rolled out a generative-AI infused Alexa. Amazon has also invested more heavily in AI. In November the company said that it was investing an additional $4 billion in the artificial intelligence startup Anthropic. Two months earlier chipmaker Intel said that its foundry business would make some custom artificial intelligence chips for Amazon Web Services, which is Amazon's cloud computing unit and a main driver of its artificial intelligence ambitions.
Bloomberg
05-06-2025
- Business
- Bloomberg
Kling AI Video Generator on Path to $100 Million by February
Kling AI is now one of the world's top-earning video generators and on track to deliver $100 million in sales by February, according to its maker Kuaishou Technology. The nascent generative AI service brought in more than 100 million yuan ($14 million) per month over April and May, the company said in a statement on Friday. It adds to the strong momentum that surprised the market when Kuaishou reported its March-quarter results last week, pushing its shares up.
NHK
09-05-2025
- Business
- NHK
Panasonic Holdings to cut about 10,000 jobs
Japanese electronics giant Panasonic Holdings plans to shed about 10,000 jobs, or about 5 percent of its global workforce. The move is part of a drastic overhaul focusing on unprofitable businesses. Officials say about 5,000 jobs will be slashed both domestically and overseas this fiscal year through measures such as an early retirement program. The cuts will mainly be in sales and administration. Panasonic aims to put more resources into AI-based services for corporate customers. The firm is considering selling its TV business and breaking up a unit that specializes in home appliances, air conditioners and lighting. Speaking on Friday, CEO Kusumi Yuki said he wants to improve profits by more than a billion dollars through fiscal 2026. Kusumi said he wants to make the company "leaner, more efficient and more resilient" to the rapidly changing business environment. And he said he will give up about 40 percent of his annual compensation this fiscal year. Panasonic also announced its earnings forecast for the current fiscal year. Sales are expected to fall by more than 7 percent to about 53.7 billion dollars. Net profit will fall over 15 percent to 2.1 billion dollars. Officials say the figures do not take into account the potential impact of sweeping tariffs imposed by US President Donald Trump.
