Rohit Prasad is stepping down, while Amazon puts Peter DeSantis in charge of AI models, chips, and quantum computing.

Andy Jassy appoints AWS executive Peter Desantis to a new position unifying AI models, chip development and quantum computing as AI head Rohit Prasad leaves.

While pure plays like IonQ and Rigetti Computing get most of the attention, investors can gain exposure to quantum computing through big tech.

Amazon, the e-commerce and cloud computing giant founded by Jeff Bezos, enters a new phase of technological evolution

Amazon has been trying to beat the perception it’s falling behind rivals such as Google , Microsoft and OpenAI in the development of AI technology.

High-flying, unprofitable pure-play quantum computing stocks will likely plunge if the bubble bursts. Tech giants that are investing in quantum computing but generate revenue from other businesses should fare well.

Amazon held nearly 1 million shares of IonQ. Amazon is building a quantum computing chip internally. At the end of Q2, Amazon owned 854,207 shares of IonQ. However, as of Q3, it no longer owns any shares. This means that Amazon dumped all of its investment ...