Amazon.com is reportedly reaching out to former employees, including workers it previously laid off, to fill vacant roles in its cloud-computing and AI sectors. According to The Business Insider, Amazon's AI agent organization, led by AWS VP Swami Sivasubramanian, has launched the "Swami's Boomerang Reengagement Initiative" to rehire former employees specializing in AI and machine learning, while an AWS Finance recruiter offered a former employee a shortened path to a new offer and asked whether the return-to-office policy had driven them away. Amazon spokesperson Haley Silva told the publication that this "boomerang hiring" is a regular practice across the company and not a new initiative exclusive to AI or cloud computing. A previous Business Insider report citing Revelio Labs found that 3.4% of U.S. new hires were boomerang employees at the end of 2025, up from 3.1% two years earlier. The rehiring push follows roughly 16,000 job cuts announced earlier this year and about 30,000 corporate jobs eliminated so far, including approximately 14,000 layoffs in October 2025 alongside the January workforce cuts, representing nearly 10% of the company's corporate workforce.
Nebius Shares Jump 8% as BNP Paribas Exane Lifts Target to $399
Nebius Group shares climbed about 8% Thursday after BNP Paribas Exane upgraded the AI infrastructure provider to Outperform from Neutral and raised its price target to $399 from $260. Exane BNP Paribas analyst Stefan Slowinski lifted the target on Thursday, according to TipRanks data, while other analysts' recent targets span from $84 to $410. The upgrade comes as Nebius prepares another round of pricing changes for its AI cloud services: starting Oct. 1, prices for selected Nvidia GPU instances are set to increase by roughly 17% to 21%, and rates for some AMD EPYC Genoa CPU services are expected to rise about 25%, following another price increase earlier this year. The pricing moves come amid continued demand for computing capacity used to train and run AI models, and Nebius has also signed several large customer agreements while its AI cloud business posted rapid growth in the latest quarter.
Oracle Issues Force Majeure Notice on 2.45-Gigawatt Project Jupiter Site
Oracle has issued a force majeure notice for its 2.45-gigawatt site in Doña Ana County, New Mexico, named Project Jupiter, according to a Bloomberg report. The site is tied to the Stargate initiative with OpenAI and SoftBank, with OpenAI as the customer, and the notice was reportedly sent to the project's developer, private credit player Blue Owl Capital, as an attempt to delay payments if Project Jupiter fails to go online in 2028. Oracle vice president Michael Egbert said in a statement to Yahoo Finance that Project Jupiter remains on its planned schedule and that force majeure notices are commonplace in developments of this scale and do not by themselves establish a project delay or change delivery expectations. Oracle stock fell 4% on the news in Thursday's trading, and the development sent shares of Nvidia, AMD, and Micron lower. KeyBanc analyst Jackson Ader said Oracle is in the most tenuous cash position of all the major hyperscalers and that these types of issues might spread, though Oracle feels it more acutely than its larger, more cash-rich peers.
Meta Unveils Palm-Sized Device for Muse AI Assistant
Meta Platforms Inc. unveiled a palm-sized, dedicated gadget for using Muse, the company's popular new artificial intelligence assistant, pushing deeper into the AI devices market with a surprise announcement. The device runs entirely on the cloud, with nothing processed on the hardware itself, and is designed to let users interact by voice rather than opening an app on a smartphone. Meta is positioning it as a persistent agent that runs 24/7, working behind the scenes on tasks such as organizing calendars, cleaning up emails and ordering goods online without constant prompting. The company has added Walmart and Best Buy as partners as it builds out an ecosystem around the device, and Meta is expected to subsidize the hardware well below Apple's Vision Pro price point. Meta's capital expenditure was 27 billion dollars in 2023 and 140 billion dollars this year, and one analyst said he expects the company to raise its 2027 capex guidance by at least 60 to 70 percent, if not higher, on the coming third-quarter earnings call, though the monetization model remains unclear beyond a planned 1 to 2 percent cut of facilitated transactions.
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