The e-commerce giant will convert some locations into Whole Foods Market stores.

Amazon, the world’s largest e-commerce company, is expanding its investment in artificial intelligence (AI) while proceeding with an additional layoff of 16,000 employees, primarily in office roles. According to the Wall Street Journal (WSJ) and other outlets on the 29th,

Nvidia Corp., Microsoft Corp. and Amazon.com Inc. are in discussions to invest as much as $60 billion in OpenAI as part of a major new funding round, the Information reported, citing people familiar with the talks.

At the WSJ D.Live conference in Laguna Beach, California, media mogul Barry Diller, chairman of IAC/InterActive, discusses what makes Netflix and Amazon today's leaders in video with Wall Street Journal Editor-in-Chief Gerard Baker.