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Facebook founder Mark Zuckerberg and his wife, Dr Priscilla Chan, are reportedly purchasing a waterfront mansion on Indian Creek Island near Miami. According to a report by The Wall Street Journal, this will position the couple as neighbours to Amazon founder Jeff Bezos on the exclusive 300-acre island. Indian Creek Island is an artificial island…
Amazon engineers are pushing back against a company policy favoring its AI coding assistant, Kiro, over superior third-party tools like Claude Code. Around 1,500 engineers have formally backed Claude Code, citing productivity concerns and questioning how sales teams can promote AWS Bedrock while restricted from using its offerings. This internal dissent highlights a growing demand…
We are in the middle of the second month of 2026 and nearly 30,000 jobs have been cut across the global tech sector in the first 40 days of the year. Online retail giant Amazon accounted for the single largest layoff in 2026 after the company announced to cut about 16,000 roles in late January….
The Italian tax police recently raided Amazon‘s Milan headquarters. A report by the news agency Reuters, citing two sources with direct knowledge of the matter, claimed that the raid was part of a new tax-evasion investigation into the e-commerce major. Italy’s tax police are reportedly investigating whether the US-based tech giant maintained an undisclosed permanent…
The US government is reportedly seeking a legal commitment from major technology companies on the electricity consumption of data centres that power artificial intelligence (AI) services. According to a recent report citing two Trump administration officials who spoke on condition of anonymity due to the private nature of the discussions, the government wants companies such…
Amazon employees are not allowed to use Anthropic’s Claude Code for production work without formal approval, says a Business Insider report. The restriction applies to live products and production code, even as other large tech companies encourage wider use of the AI coding tool. Specifically, this contrasts with software giant Microsoft that recently asked its…
Google-parent Alphabet, Microsoft, Meta and Amazon are collectively expected to invest nearly $700 billion into capital expenditure in 2026. As reported by CNBC, this three-digit number has unsettled the analysts and investors. The spending surge represents an increase of 60% from the previous year (2025). This large investment underscores the sale of the AI arms…
Amazon stock witnessed a plunge of 11% in extended trading on February 5, erasing more than $250 billion in market value after the company introduced a $200 billion capital expenditure plan for 2026. According to a report by CNBC, this was the highest plunge among the megacap tech firms, far exceeded Wall Street expectations by…
Amazon recently announced that it is shutting down its Amazon Fresh supermarket chain. The decision of the company to shut down the Amazon Fresh stores will lead to thousands of job cuts across the US. Last week, the e-commerce major announced that it will close around 60 Fresh stores which will put an end to…
Amazon has executed a massive round of corporate job cuts last week – second biggest layoff in less than six months – eliminating 16,000 roles. Even as the company’s offices reel from the loss of staff, leadership is urging remaining employees to “take care of each other” and more importantly, lean heavily on technology to…
