Amazon's stock sank on Thursday afternoon, weighed down by mixed guidance and AI competition, though the company beat Q2 earnings expectations.

AWS didn’t see the same growth acceleration as its cloud rivals, raising questions about the returns on Amazon’s high AI spending.

With headcount inching up to 1.55 million, CEO Andy Jassy said "AI progress across the board continues to improve our customer experiences, speed of innovation, operational efficiency, and business growth,

The AI-generated Fable TV show "Exit Valley" is an animated satire set in Sim Francisco, a simulated version of Silicon Valley. (Image via

Showrunner turns viewers into creators with AI-generated TV shows. Users can write, animate, voice, and star in episodes using just a prompt and a photo.

Amazon has backed a new AI service that is being called the "Netflix of AI", and it's another depressing development in the use of generative AI in the entertainment industry. Amazon has invested an undisclosed amount of money in Showrunner,

Follow-up: Amazon Web Services profits squeezed as AI arms race drives spending surge Amazon beat estimates for its second-quarter earnings with $167.7 billion in revenue, up 13% year-over-year, and earnings per share of $1.

Amazon’s (AMZN) latest earnings report provides insight into the company's various branches and subsidiaries, including Amazon Web Services. AWS has been a huge revenue-driver for years, and this quarter is no different.