Amazon

Tom’s Hardware reported that Micro Center still had GeForce RTX 5090 cards available around the average selling price. VideoCardz reported that NVIDIA’s flagship was becoming difficult to buy through normal online channels.

Identical letters dated July 14 went to Kroger, Walmart, Publix, Albertsons, Aldi, Ahold Delhaize USA, Costco and Amazon, telling each that the Antitrust Division was assessing trends in beef prices. Investigators asked for retail and wholesale prices, costs and margins, pricing strategy and market analyses going back to 2020.

OpenAI said it had closed its financing round with $122 billion in committed capital at a post-money valuation of $852 billion, naming NVIDIA, Amazon and SoftBank as anchor investors with continued participation from Microsoft. CNBC reported the total was up from the $110 billion OpenAI had announced in February and called it the largest private funding round in Silicon Valley history.

OpenAI announced a $110 billion financing round that included a $30 billion investment from NVIDIA. OpenAI put the round's pre-money valuation at $730 billion and identified Amazon and SoftBank as other major investors. It said NVIDIA would provide 3 gigawatts of dedicated inference capacity and 2 gigawatts of Vera Rubin training capacity.

Galetti said teams that had not finished their reorganisations in October completed them now, cutting about 16,000 roles; with October's 14,000 the reduction reached about 10 percent of Amazon's corporate and tech staff, the largest in its history. She said the company was not trying to create a rhythm of layoffs every few months.

Beth Galetti told employees the reductions continued Andy Jassy's push to run Amazon like the world's largest startup with fewer layers and more ownership, while investing in its biggest bets including generative AI. Reuters reported the plan could reach 30,000 of about 350,000 corporate employees; affected staff got 90 days to find another internal role.

With its first-quarter results UPS said it would cut 20,000 jobs in 2025, about 4 percent of its global workforce, and close 73 buildings by June as it deliberately halved the Amazon business it called unprofitable; Amazon volume was already down 16 percent in the quarter. UPS said the decision was unrelated to tariffs and was instead due to increased use of technology and the previously announced plan to trim its Amazon business. It followed a 14,000-position management cut in 2024, and was the largest announced cut of the first half of 2025.