Caroline Hyde

Check out SK Hynix shares.

They have really rocketed on the back of their earnings.

And there's this relentless appetite for AI memory, which SK Hynix serves.

They're also, in fact, going to be establishing an AI data center solutions firm here in the U.S., Ed.

How much is that to do with South Korea-U.S.

relationships going forward and the need to invest in the United States?

It's going to be backed by $10 billion of capital to pursue partnerships and investments in the sector.

so keep an eye on that stock and that was its trading in south korea today okay coming up trade tensions rise between the us and south korea more on the why next this is bloomberg tech every day millions of customers engage with ai agents like me we work around the clock and have the facts at our fingertips

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Taking a look at shares of Amazon, softer 7 tenths of 1%, the company announcing the cut of 16,000 corporate jobs worldwide, saying it's an effort to remove layers of bureaucracy and to, quote, increase ownership.

It also confirms quite a lot of what Bloomberg's been reporting of late.

Bloomberg's Spencer Soper, who covers Amazon, joins us now.

16,000 corporate jobs is the latest wave of more than one wave.

And the messaging and in line with your reporting, right, is that this is about efficiency and streamlining, not about AI.

What are the details of this particular trim that we're seeing?