• Amazon cut more roles in its AGI division on July 22, trimming teams tied to Nova models, custom AI chips and quantum hardware to streamline operations and shift resources.
  • Senate Small Business Committee opened a formal probe into Amazon (AMZN) over alleged China-based employee misconduct selling favors to merchants and potential negligence tied to China operations.
  • Bank of America maintains Buy on Amazon (AMZN) with $310 target. Q2 revenue est ~$198.8B. Key trader items: AWS momentum, AI capex outlook, July 30 earnings date.
  • Amazon redesigned Alexa’s underlying AI architecture to rely less on Anthropic models and shift toward a broader mix of underlying AI models, according to a Business Insider report.
  • Amazon’s Flipkart lobbied months for India to relax e‑commerce sourcing rules; change enacted amid US‑India trade talks, retailer opposition and ongoing antitrust scrutiny of Amazon in India.
  • Amazon is testing an AI-driven redesign, Lighthouse, for Prime Video to boost personalization and showcase AI features to its 200M+ Prime Video users; trials run with small user groups.
  • Amazon pledged its AI data centers won’t raise consumer power bills. The nonbinding pledge covers utilities serving about 80% of U.S. homes and businesses.