The AI-related layoffs at Amazon and some other firms reflect a "hollowing out of middle-skilled workers," Lynn Wu, a professor of operations, information and decisions at the University of Pennsylvania, told ABC News.

Investors cheered the tech giant’s latest results showing that its huge investments in artificial intelligence are beginning to show returns.

The e-commerce giant said Amazon Web Services is growing at its fastest rate since 2022, driven by AI. Shares surged in after-hours trading.

Artificial intelligence is impacting the workforce. Now colleges are offering AI driven courses to prepare their students for the future.

Amazon's cloud revenue rose at the fastest clip in nearly three years, helping the company forecast quarterly sales above estimates and driving its shares up 14% in after-market trading.

Project coming online last week beat Amazon competitors into the market, and total investment may eventually exceed $11 billion, county official says.

The e-commerce giant’s cloud-computing business has disappointed investors with its growth recently, but that appears to be changing.