[BIG TECH]■ STORY TIMELINE

JASSY CUTS COSTS, PIVOTS AMAZON TOWARD AI

Amazon CEO Andy Jassy is shuttering projects and reducing headcount to boost profitability and redirect resources toward artificial intelligence initiatives. The strategy has won favor with Wall Street investors.

2 SOURCESFIRST SEEN MAY 15, 06:35 AM► READ THE ARTICLE

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A profile of Amazon CEO Andy Jassy, who is killing projects, cutting staff, and pleasing Wall Street, while steering the company toward an AI-focused era (Bloomberg)

Bloomberg: A profile of Amazon CEO Andy Jassy, who is killing projects, cutting staff, and pleasing Wall Street, while s…

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Sources: OpenAI is preparing to file confidentially for an IPO as early as Friday; the company plans to be ready to go public as early as September (Wall Street Journal)

Wall Street Journal: Sources: OpenAI is preparing to file confidentially for an IPO as early as Friday; the company plan…

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