Amazon doubles AI investment to $4 billion, while Bosch plans job cuts amid declining car sales.

This week in tech, Amazon doubled its investment in AI startup Anthropic to $4 billion, aiming to compete in the AI sector. Bosch announced plans to cut 3,500 jobs due to declining car sales. UPS was ordered to pay $45 million for overvaluing its freight business, while SiriusXM Radio must change its cancellation practices in New York. Sanofi is modifying its hospital drug discount program, and Swedish battery maker Northvolt is filing for U.S. bankruptcy, with its CEO transitioning to a senior adviser role.

November 22, 2024
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