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EXPLAINED: 2 - The Real Truth

The AI boom propping up markets could trigger the next crash, central banks warn

The vast surge of investment in AI, which has powered global stock markets to record highs, risks ending in a financial bust, the Bank for International Settlements warns, as the build-up’s hidden costs begin to surface in company accounts and consumer prices alike.

Euronews

AWS CEO says replacing young employees with AI is 'one of the dumbest ideas'—and bad for business: 'At some point the whole thing explodes on itself'

Amazon laid off 14,000 employees last fall, but CEO Andy Jassy denied the reductions were related to AI.

Fortune

OpenAI spices things up with Jalapeno chips: Why the Sam Altman-led AI startup is building its own processors

OpenAI said it designed the chip from scratch in nine months. Broadcom handled silicon implementation, networking, and connectivity, while Celestica developed the physical computing hardware of the chip, including its circuit board, hardware frame, and system integration.

The Economic Times

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Brussels tightens rules on US cloud providers as it pushes for tech sovereignty

The European Commission has decided that Microsoft Azure and Amazon Web Services should face strict rules to improve cloud competition. The move risks angering Washington as Brussels pushes the European tech sovereignty agenda.

Euronews

‘Wipe out and change are different': Amazon exec slams AI job apocalypse fears as he hires thousands of Gen Z grads

Matt Garman, CEO of Amazon Web Services, is rejecting predictions of an entry-level job bloodbath, as he hires thousands of Gen Z talent.

Fortune

A new bunch of AI spin-offs ripe for the picking

Indian tech unicorns are transforming their internal AI tools into independent businesses, mirroring successes like Amazon Web Services and Slack. Companies such as NoBroker, Moglix, Apna, and Practo are leveraging years of accumulated data and domain expertise to launch AI-powered platforms. This strategic pivot capitalizes on the current AI wave,…

The Economic Times

ArcelorMittal partners with AWS to automate global operations

Steel giant ArcelorMittal is joining forces with Amazon Web Services (AWS) to revolutionize its global operations. By integrating AWS's cloud and AI capabilities, the company aims to enhance safety, improve asset reliability, and boost energy efficiency across its manufacturing processes. This strategic partnership will leverage advanced technologies like industrial IoT…

The Economic Times

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VivaTech 2026: Rebuilding business models with AI

What role will artificial intelligence play in business development and daily life? It’s one of the questions dominating this year's VivaTech, Europe's biggest event focused on startups and innovation. Our Business Editor Kate Moody sat down with Julia White, Vice President and Chief Marketing Officer of Amazon Web Services, to…

France 24

Allbirds rebrands as Smartbird in AI pivot, hires former AWS executive as CEO

Allbirds is now Smartbird. The company has a new president and CEO, Nadia Carlsten. Smartbird is shifting focus to AI infrastructure and cloud computing. This move follows a significant surge in its share price. The company aims to provide AI infrastructure as a managed service. It is in discussions with…

The Economic Times

Iowa Guv issues statement amid job fear: 'At no point during our negotiations was it even considered to employ H-1B visa holders'

A major confusion was created after Iowa Governor Kim Reynolds announced that the state of Iowa will migrate its executive branch data from an outdated IT system to a modern system with Amazon Web Services and that the day-to-day IT operations will be managed by Cognizant Government Solutions. The government…

The Times of India

KKR launches $10 billion AI infrastructure company with Nvidia, Vistra

The Kuwait ‌Investment Authority, ⁠AI ⁠chip giant Nvidia and utility firm Vistra are anchor investors in the company, called Helix Digital Infrastructure, which is led by former Amazon Web Services CEO Adam Selipsky.

The Economic Times

'We may be flying blind': AWS wants to fix the problem of AI agents straying off task

A paper from Amazon Web Services warns that unsupervised agents tend to reason themselves into trouble.

Fortune

Pinterest deepens Amazon partnership with $4 billion cloud deal

Pinterest is investing heavily in its future with Amazon Web Services. The social media company will spend four billion dollars on cloud services until 2031. This deal will help Pinterest boost its artificial intelligence capabilities. They will use Amazon's custom chips to improve features like visual search. This partnership aims…

The Economic Times

OutSystems Announces New AI Capabilities with AWS to Deliver Agentic Systems for the Enterprise

SINGAPORE, June 3, 2026 /PRNewswire/ -- OutSystems, a leading Agentic Systems Platform, today announced an expanded collaboration with Amazon Web Services (AWS) to deliver a powerful suite of enterprise AI capabilities. This collaboration directly addresses three major hurdles to enterprise AI success: model fragmentation, legacy system technical debt, and AI-native…

AAP

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International Business Times

Amazon Says It Solved a Data Center Problem That Could Reshape AI Infrastructure

Amazon said it has solved one of the most important problems standing between today's data centers and the next generation of cloud computing: how to move massive amounts of data more efficiently.

Bangkok Post

AWS Thailand promotes AI as economic engine

Amazon Web Services (AWS) Thailand has positioned artificial intelligence (AI) as a defensive economic infrastructure that can help organisations automate, cut costs and improve productivity.

International Business Times

Pentagon Battles To Deploy AI For Military Despite Clamor For Guardrails

The Pentagon has roped in Google, Microsoft, Amazon Web Services, Nvidia, OpenAI, Reflection and SpaceX to provide resources to help "augment warfighter decision-making in complex operational environments.

Bangkok Post

Immigration to go digital with new app

Amazon Web Services, Digital Identity Co Ltd and the Thai Immigration Bureau have partnered to develop the Thailand Immigration Management System (THIM), the country

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Bangkok Post

Immigration to be digitised with new app

Amazon Web Services (AWS), Digital Identity Co Ltd and the Thai Immigration Bureau have partnered to develop the Thailand Immigration Management System (THIM), the country's first web and mobile platform for this sector.

International Business Times UK

Snowflake Stock Price: Why Did The Cloud Software Firm's Shares Surge By 40%?

Snowflake shares jumped nearly 40% after the cloud data company beat quarterly forecasts, raised guidance and deepened a $6 billion AI-focused partnership with Amazon Web Services.

AAP

Digital Identity Co. Modernizes Thailand Immigration Bureau Services with AWS

BANGKOK, May 28, 2026 /PRNewswire/ -- Amazon Web Services (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), today announced that the Thailand Immigration Management System (THIM), the country's first web and mobile application for national immigration management, is built on AWS. Developed by Digital Identity Co., Ltd in partnership with the…

The Conversation

After you upload your data to the cloud, where does it go? The challenge of dual-use technologies

Most of us don’t worry too much about where our data goes. We store documents in the cloud, collaborate online with Slack and Zoom and rely on platforms like Microsoft 365, Amazon Web Services and Google Workspace.

The Economic Times

Amazon employee reveals how her mother 'manifested' that they would one day work in the same company; Internet is touched

An Amazon LinkedIn post has gone viral after employee Harshini Dhanaseelan revealed that a dream her mother casually spoke about when she was 16 eventually became reality a decade later. Harshini, now an Operations Manager at Amazon India, shared that her mother, Sheela Dhanaseelan, once said it would be amazing…

Barchart

How to Invest in AMZN Stock as Amazon Launches AWS 2.0 — Amazon Supply Chain Services

Amazon announced its new unit, Amazon Supply Chain Services, in a plan to disrupt logistics akin to how it disrupted cloud computing.

The Guardian - UK

Europe’s AI translation industry told it risks reputation by partnering with US firms

Partnership between top startup DeepL and Amazon comes amid concern about Silicon Valley’s monopoly over digital infrastructure

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