00:00I want to ask you about the Amazon news because we did indeed get confirmation that Amazon is cutting 16...
00:051,000 jobs, an email that went out in error was actually uploaded today.
00:10And, you know, Amazon says it's going to help its US employees with 90 days.
00:15For finding other jobs and so on. But what does this mean? 16,000 seems to be a large figure.
00:20It is. And look, revenue per employee will be a big metric for all.
00:25These hyperscalers going forward in the case of Amazon. I mean, they are still the largest.
00:30Public cloud provider. The question that investors will ask them is how will they...
00:35Retrofit their existing, you know, IT infrastructure to pivot to...
00:40Retrofit servers AI. And that will be a big change even though they have the cloud share.
00:45Like there are a lot of new clouds that are playing in the AI infrastructure right now.
00:49So...
00:50I think they have to do that efficiently. They have their own chips but clearly they...
00:55are trailing when it comes to the likes of Google tpus and that's where I feel
01:00the streamlining of operations is probably the first step but they have to protect
01:05their cloud share because clearly there is more competition on the AI infrastructure.
01:10And I do want to point out these 16,000 positions are corporate employees. So it's obviously.
01:15You're changing the bureaucracy of Amazon to some extent.
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