Amazon surpasses Q3 earnings expectations with $1.95 per share and $180.17 billion revenue while AWS cloud division accelerates growth to 20.2%, prompting the company to boost 2025 capital spending to $125 billion even as it cuts 14,000 corporate jobs to streamline operations.
Cognition unveils SWE-1.5, a breakthrough AI coding model with hundreds of billions of parameters that blazes at 950 tokens per second—13x faster than Sonnet 4.5—while delivering near state-of-the-art performance through advanced reinforcement learning and partnership with Cerebras infrastructure.
Canva launches a completely reimagined Affinity design app that combines photo editing, vector design, and page layout tools in one free professional platform, featuring customizable workspaces and AI-powered tools for premium users.
Grammarly transforms into Superhuman after acquiring major productivity companies, launching an AI assistant that works across 100+ apps to help users with tasks from writing to scheduling meetings, with current Pro subscribers getting free access until 2026.
Cursor 2.0 launches with breakthrough Composer AI that codes 4x faster than competitors, completing most programming tasks in under 30 seconds while introducing agent-based interface that runs multiple coding processes simultaneously without interference.
GitHub launches Agent HQ platform that integrates AI coding agents from Anthropic, OpenAI, Google, Cognition, and xAI into unified workflows, featuring Mission Control for managing multiple agents simultaneously and new enterprise tools for code quality monitoring and AI usage tracking.
Amazon slashes 14,000 corporate jobs to fund massive AI investments as the tech giant desperately tries to catch up with Microsoft in the artificial intelligence race, with CEO Andy Jassy warning more workforce reductions are coming as AI transforms the company.
Employees exploit AI tools like GPT-4o to create sophisticated fake expense receipts, driving business fraud up 14% in three months as companies scramble to deploy detection systems against forgeries so realistic that human reviewers cannot identify them.
AI startup Mercor rockets to $10 billion valuation after raising $350 million, pivoting from hiring assessments to training AI models with 30,000 contractors earning $1.5 million daily while benefiting from clients fleeing competitor Scale AI following Meta's controversial acquisition.
OpenAI unveils company knowledge feature for ChatGPT Business users, allowing AI to directly access and search workplace data from Slack, Google Drive, GitHub, and SharePoint with enterprise security controls and permission-based access.