American business executive, CEO of Amazon
JPMorgan has restructured its AI leadership, retiring its AI chief and aligning the chief data and analytics office with Global Technology. The changes aim to integrate AI delivery into business units and sustain momentum in AI initiatives, as the bank emphasizes governance and external engagement.
Industry leaders warn that AI infrastructure investments have sparked a ferocious race among hyperscalers. Earnings calls show wide investor scepticism about when returns will materialise, even as compute demand remains strong.
Amazon has disclosed a $600 million tariff refund in Q2 after a Supreme Court ruling found Trump-era tariffs illegal. The refunds, largely benefiting customers, will be issued automatically where specific charges can be traced. Most refunds will go to affected buyers, with third-party sellers absorbing the bulk of the levies.
Amazon has confirmed plans for an on-site natural gas power plant to power a Pecos County data center campus. The plant would emit up to 33 million tons of CO2 annually and is positioned as a path to faster deployment and potential future grid connections, though critics warn it could become the largest climate pollution source in the U.S.
Amazon has dropped the Fire branding and introduced three Alexa Tablets running Android with Google Play, priced from $230 to $550. The lineup includes the Alexa Tablet 12 Pro, 11, and 8, with features like a 12-inch 120Hz display, Dolby Atmos, and On-Screen Intelligence. Preorders begin today, with shipping slated for October 14 in the US, Mexico, and Canada.