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Adobe Begins CEO Search as Shantanu Narayen Plans to Step Down After 18 Years

After-hours trading slumps on questions about Adobe’s AI path despite a quarterly beat.

Amazon Cuts 16,000 Corporate Jobs in Second Round, Taking Total to About 30,000

OpenAI Signs 7-Year, $38 Billion AWS Deal to Power Next-Gen AI

Meta Cuts About 600 Roles in AI Unit to Speed Decision-Making

AWS Shuts Shanghai AI Lab in Realignment Driven by US-China Tensions

Amazon Predicts AI-Driven Corporate Job Cuts as It Expands AI Infrastructure