Wells Fargo has hired former AWS executive Faraz Shafiq to lead its AI products and solutions division, signaling a major push into generative and agentic AI. Starting February 9, Shafiq will report to the bank's Head of AI, Saul Van Beurden. With a background at Google and Verizon, he is expected to drive innovation across the enterprise. This appointment comes as Wells Fargo ramps up its AI strategy, having already deployed new tools to thousands of employees.

Amazon is cutting 14,000 corporate jobs to fund a massive $35 billion quarterly push into artificial intelligence. CEO Andy Jassy cites a need to reduce bureaucracy, but the move raises eyebrows as capital spending surges 55% while operating income remains flat. Investors are watching closely to see if this high-stakes gamble on AI infrastructure and AWS growth can drive long-term profitability or if it will stall the stock in a fragile economic climate.

Amazon is set to cut thousands more corporate jobs this week, with AWS, Retail, Prime Video, and HR expected to take the hardest hits. This second wave contributes to a historic plan to shed 30,000 roles. CEO Andy Jassy describes the move as a "culture" fix to reduce bureaucracy rather than a financial necessity. With 14,000 jobs already cut in October, this restructuring marks a significant shift in Amazon's operational strategy for 2026.

AWS has hired Jigar Thakkar, the founding engineer behind Microsoft Teams, to lead its new Amazon Quick Suite. Thakkar brings over two decades of experience, including serving as CTO at MSCI and a long tenure at Microsoft. He is tasked with expanding Amazon's AI-powered workspace, which combines business insights and automation, signaling a major push by AWS to compete in the enterprise productivity market.

Amazon Web Services (AWS) has officially launched its "European Sovereign Cloud," a new infrastructure designed to operate independently of its US network to comply with strict European Union data privacy laws. Debuting with a region in Brandenburg, Germany, the service is physically and logically separated from other AWS regions, ensuring data stays within the EU. Amazon has committed €7.8 billion to the project through 2040 and announced immediate plans to expand the servic

Amazon investors are banking on AWS to pull the tech giant out of its recent market malaise. After a lackluster 2025 where it trailed key rivals, shareholders believe surging AI demand and partnerships, such as with OpenAI, will reignite cloud growth. With the stock trading at a lower valuation than many peers, analysts are optimistic that an AWS-led recovery is on the horizon, potentially positioning Amazon for a breakout year in 2026.

The Knicks ended their slump in historic fashion on Wednesday, decimating the Nets by 54 points—the largest victory in franchise history. Meanwhile, Jaylen Brown’s 30-point, 10-rebound performance fueled the Celtics, and Donovan Mitchell kept the Cavs rolling with a win over Charlotte. Catch up on every key score, the night's top fantasy performers, and the must-see highlights from around the Association.

Slack transformed Spark operations on Amazon EMR by combining a custom metrics framework with generative AI-assisted tuning. Using tools such as Amazon Bedrock, Kafka, and Airflow, Slack captured rich telemetry and automated resource recommendations—yielding up to 50% cost reduction and significantly faster job performance.

The PGA TOUR and AWS have expanded their partnership to launch an AWS-powered favorite players hub at the 2026 Sony Open in Hawaii. The personalized feature delivers real-time stats, AI-generated storylines, and curated highlights for fans via the PGA TOUR app and website, enriching the fan experience with up-to-date content.

The 2026 AWS NBA Rivals Week runs Jan. 20–24, featuring nine nationally televised rivalry games across ABC, ESPN, NBC, Peacock, and Prime. Highlights include Spurs vs. Rockets, Lakers vs. Nuggets, Lakers vs. Clippers, and Knicks vs. 76ers, with intense matchups and star showdowns set to light up mid-season competition.