Amazon is set to undergo significant leadership changes as its AI chief, Rohit Prasad, is departing at the end of the year. This transition comes alongside the announcement that Peter DeSantis will lead a newly unified AI group, according to a memo from CEO Andy Jassy.
In other news, Starbucks has appointed Anand Varadarajan, an experienced executive from Amazon's grocery sector, as its new chief technology officer. This decision is part of a broader initiative to enhance technology within Starbucks stores.
Meanwhile, Amazon has reported cuts of 84 positions in Washington state due to compliance with a new state law, clarifying that these reductions are separate from prior job cuts announced in October. Additionally, Rad Power Bikes has filed for bankruptcy protection, citing significant financial challenges, with liabilities surpassing its assets.
Finally, in the real estate sector, Google's recent initiative to display home listings directly in search results has led to a decline in shares for Zillow, falling over 8%. This move raises concerns regarding the potential impact on established real estate platforms.