Amazon swapping humans for AI

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8 • 950 Ratings

🗓️ 15 October 2025

⏱️ 4 minutes

🔗️ Recording | iTunes | RSS

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Summary

Amazon eyes layoffs in human resources as it spends big on AI. (0:15) Daily AI use rises. (1:16) Fund managers see AI bubble as the biggest risk. (3:09)

Show Notes
Driverless cabs coming to London

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Transcript

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0:00.0	Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis.
0:09.7	Good afternoon. Today is Wednesday, October 15th, and I'm your host, Kim Con. Our top story so far,
0:15.8	the rise of the machines marches on. Amazon is prepping for layoffs, even as it spends big on AI. Fortune says the company
0:23.2	plans to cut up to 15% of its human resources division while ramping up its AI resources.
0:28.6	Amazon will spend more than $100 billion this year expanding its cloud and AI data centers.
0:34.6	CEO Andy Jassy says automation and AI will likely shrink some white-collar
0:39.1	roles in the years ahead, and employees need to adapt to that evolving landscape. Also in the
0:44.4	AI space, an investment consortium including BlackRock, NVIDIA, XAI, and Microsoft is planning a
0:50.4	$40 billion takeover of one of the world's largest data center operators.
0:59.4	The F.T. says the group will buy Texas-based aligned data centers from Macquarie Asset Management,
1:04.3	the first deal since the collaboration began a year ago. Funding will come from the consortium's $100 billion data center pool. Intel, meanwhile, unveiled its new data center AI chip, Crescent Island,
1:11.9	launching next year.
1:15.8	The GPU is built for energy efficiency and inference workloads.
1:21.6	Wedbush says U.S. consumers continue to warm degenerative AI tools with daily use rising sharply.
1:29.3	In its latest survey of roughly 1,000 people, 39% now used generative AI tools daily, up from 32% in Q2.
1:36.4	Google's Gemini led usage at 35% ahead of chat GPT at 32% and meta-aI at 19%. And Walmart is having its chat-GPT moment.
1:39.7	Customers can now search, shop, and check out seamlessly through its sparky AI assistant.
1:45.3	Jeffrey's analyst Corey Tarlow said the move enhances convenience while reinforcing Walmart's
1:50.2	value proposition of assortment, price, and speed.
1:53.6	On the earnings front, banks continue to report results that can take, well, to the bank.
1:58.6	Bank of America beat estimates, as every part of its business improved top and bottom lines.
2:03.2	The bank also guided Q4 net interest income above expectations.
	...

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