Amazon.com Inc

• India courts Big Tech with long‑term tax breaks as it doubles down on AI ambitions - India woos global cloud service companies with tax holiday for 20 years.
• 'Melania' earns a surprising $7 million, best non-music documentary debut in a decade - Amazon reportedly paid an estimated $40 million to acquire 'Melania' and spent an additional $35 million on marketing.
• Microsoft shows gain on OpenAI investment after restructuring as cloud growth slows - Microsoft’s finances look more favorable after OpenAI completed a restructuring.
• Amazon’s $35 Million ‘Melania’ Promotion Has Critics Questioning Its Motives - The tech giant is spending $35 million to promote its film about the first lady, far more than is typical for documentaries.
• Amazon laying off about 16,000 corporate workers in latest anti-bureaucracy push - Amazon laid off 14,000 corporate staff in October.
• Autonomous trucking startup Waabi raises $750 million to expand into robotaxis - Khosla Ventures, G2 Venture Partners, Uber, Nvidia and Volvo are all investing in Toronto-based, driverless tech startup Waabi.
• Amazon inadvertently sends email to employees confirming Wednesday layoffs - Amazon sent a notice out to staffers in an apparent error acknowledging "organizational changes" at the company.
• Amazon converting Fresh supermarkets, Go stores to Whole Foods locations - Amazon plans to close its Fresh supermarkets and Go convenience marts, and convert some locations into Whole Foods stores.
• Chinese tech giant Tencent plots Middle East cloud expansion as spending in the region booms - Tencent's expansion will likely put it into more direct competition with U.S. giants including Amazon, Microsoft and Google.
• Microsoft's plans for 15 more data centers win approval at former Wisconsin Foxconn site - Microsoft intends to expand in a place where it's been welcomed, months after backing down on a rezoning attempt in an adjacent village when residents objected.