Author: Daniel snow

Amazon CEO Andy Jassy speaks at a company event in New York on Feb. 26, 2025.Michael Nagle | Bloomberg | Getty ImagesAmazon has formed a new group within its consumer product-development arm that is focused on agentic artificial intelligence, the company said Wednesday.The team will be based in Lab126, the stealthy Silicon Valley-based research and development unit behind the Kindle e-reader, Echo smart speaker and other popular Amazon devices.A growing number of companies are building AI agents as they look beyond text and image generators. In contrast to AI services such as chatbots, agents are capable of completing multistep, complex…

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Nikesh Arora, CEO of Palo Alto Networks, appears on CNBC’s “Squawk Box” at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024.Adam Galici | CNBCNikesh Arora, the CEO of Palo Alto Networks, is joining Uber’s board of directors, the company announced in a regulatory filing Wednesday.It comes amid a broader executive shakeup this week at the ride-hailing company, which saw head of delivery Pierre-Dimitri Gore-Coty depart after 13 years. Andrew Macdonald, head of mobility, was promoted to president and chief operating officer, Uber’s first since 2019.”I’m honored to join Uber’s Board at such an exciting time, as the…

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Tesla CEO Elon Musk attends a cabinet meeting held by U.S. President Donald Trump at the White House in Washington, D.C., U.S., April 30, 2025.Evelyn Hockstein | ReutersElon Musk on Wednesday ramped up his attacks against the massive tax-cut bill that President Donald Trump is pushing Congress to pass, claiming it will condemn America to “debt slavery” and urging lawmakers to “KILL the BILL.””Call your Senator, Call your Congressman,” Musk wrote as he decried the budget package at length on his social media site X. “Bankrupting America is NOT ok!””A new spending bill should be drafted that doesn’t massively grow…

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