Amazon CEO Andy Jassy announces departure of AI executive Rohit Prasad in leadership shakeup

Amazon CEO Andy Jassy dropped an AI bombshell on employees today, announcing that Rohit Prasad, who has led Amazon’s so-called AGI (artificial general intelligence) team since 2023, overseeing the development of the company’s Nova models, would leave at the end of the year. Prasad was previously the chief scientist behind Amazon’s Alexa voice assistant, a…

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Crypto market saw biggest selloff in history, $19 billion liquidated after new Trump tariff shock

The cryptocurrency market experienced shockwaves on Friday following President Donald Trump’s announcement of a 100% increase in tariffs on Chinese imports, combined with new export controls on critical software. According to Coinglass, this geopolitical event triggered the largest crypto liquidation in history, with over $19 billion in leveraged positions wiped out in just 24 hours,…

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Better AI Stock: Amazon vs. Oracle

The actions of artificial intelligence (AI) have been some of the best interpreters in Wall Street in recent years. However, like any other sector, they arise in many different forms and sizes. So let’s review two of the most important and most famous AI actions – Oracle (Orcl 1.61%)) And Amazon (Amzn 0.99%)) – And…

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