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Amazon missed third-quarter earnings and revenue as AI capital spending drove a $42.4 billion trailing free-cash-flow outflow. AWS still grew 39%, but…
Surveys from Jabra and Monday.com show AI adding tasks and review time for managers, while Google, Zoom, and ChatGPT ship tools for small businesses.
Goldman Sachs launched a Small Business AI Institute with a $500 million commitment and partners OpenAI, Anthropic, Google and Meta. CEO David Solomon said very little of what we do needs frontier models, and that the return can come from productivity.
American Express plans to cut about 3,500 jobs, roughly 5% of staff, and take a $336 million charge so it can slim layers before automating internal work. The plan came with a profit beat and a higher full-year earnings outlook.
