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Amazon has acquired RIVR, a company that uses physical artificial intelligence and wheeled-legged robots to automate doorstep delivery.
RIVR CEO and Co-Founder Marko Bjelonic announced the acquisition in a Thursday (March 19) post on LinkedIn, and several media reports said an Amazon spokesperson confirmed the deal.
“This step will accelerate our vision of building General Physical AI...
Goldman Sachs is set to begin a series of small layoffs that will continue through the summer and impact all of its business lines, Seeking Alpha reported Thursday, citing a paywalled article by Business Insider.
While the bank has traditionally performed a single headcount reduction called a “Strategic Resource Assessment” in the spring, it is now allowing business-line leaders to...
A growing number of companies are using a unit called the token to measure how much their employees and workflows use artificial intelligence, according to The Wall Street Journal. Companies that now regularly use AI are starting to track their workers’ use of tokens, AI’s unit of measurement.
Tokens are the foundational unit through which AI models process all information. Tokens are...
Rising stock prices helped drive an increase in Americans’ net worth in the fourth quarter of 2025, the Federal Reserve said Thursday (March 19).
The net worth of households and nonprofit organizations increased by $2.2 trillion during the quarter and reached $181.4 trillion as of Dec. 31, the Fed said in its latest “Financial Accounts of the United States.”
The Fed said in the report...
In today’s period of global turmoil, the logistics sector is increasingly just trying to get itself, as an industry, from point A to point B, much less the millions of packages shipped each day.
Macro headwinds to the tune of uneven demand, cost discipline, eCommerce normalization and intensifying competition are reshaping logistics in real time. In response, as stressed by FedEx...
Jeff Bezos is meeting with some of the world’s largest asset managers to raise $100 billion for a new fund that would buy manufacturing companies and transform them with the help of artificial intelligence, The Wall Street Journal reported Thursday (March 19).
Investor documents call the fund a “manufacturing transformation vehicle” and say it will focus on companies in sectors such as...
Jobless claims decreased last week, surprising economists and signaling a labor market that remains steady despite the pressures caused by rising oil and gas prices.
The number of initial claims for unemployment insurance declined by 8,000 during the week ended Saturday (March 14), the Department of Labor (DOL) said in a Thursday (March 19) press release.
The total of 205,000 initial...
Uber has teamed with carmaker Rivian to boost both companies’ autonomous vehicle efforts.
The two companies expect to deploy 10,000 fully autonomous R2 robotaxis in the first phase of that effort, Rivian said in its announcement Thursday (March 19). The initial deployments are set to begin in Miami and San Francisco in 2028 and expand to 25 cities by 2031.
As part of the arrangement,...
Meta said Thursday (March 19) that over the next few years, it will shift the content enforcement efforts on its apps from the current third-party vendors to the company’s new artificial intelligence systems.
“While we’ll still have people who review content, these systems will be able to take on work that’s better suited to technology, like repetitive reviews of graphic content or...
Three of the largest companies in telecom and technology are pushing artificial intelligence out of far-flung data centers and into the infrastructure of everyday life, a shift that lets AI act on information the moment it is created rather than after a round trip to a remote server.
A new set of announcements from telecom and infrastructure companies at Nvidia GTC shows how quickly...