Amazon stock has been a laggard among its Magnificent Seven peers, but Wall Street is bullish that the latest results will show AI-driven strength.

By Dawn Chmielewski and Greg Bensinger LOS ANGELES, Feb 4 (Reuters) - Amazon plans to use artificial intelligence to speed up the process for making movies and TV shows even as Hollywood fears that AI will cut jobs and permanently reshape the industry.

Amazon reports Q4 earnings Thursday, capping a tech earnings season dominated by a single question: whether the industry's AI spending binge will ultimately be worth it.

Amazon is stepping up its use of artificial intelligence to accelerate film and television production, as studios across Hollywood struggle with rising costs and growing anxiety over

Amazon MGM Studios will reportedly begin a closed beta program in March to test its AI tools to help with film and TV production.

Amazon is experimenting with a new AI studio to produce films and series more efficiently. The company plans to present initial results in May.

While Amazon doesn't explicitly state what that means, the New York Times reports that the company intends to shift resources to artificial intelligence and the data centers that AI requires. As mentioned in their report, Amazon spent around $125 billion last year on data centers and related expenditures.

By Greg Bensinger Jan 28 (Reuters) - Amazon confirmed 16,000 corporate job cuts on Wednesday, completing a plan for around 30,000 since October, while leaving open the possibility of further reductions.

Amazon plans to use artificial intelligence to speed up the process for making movies and TV shows despite fears that AI will cut Hollywood jobs and permanently reshape the industry. At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

Amazon.com, Inc. (NASDAQ:AMZN) is one of the 10 AI Stocks Analysts Are Watching. On February 2, Evercore ISI analyst Mark Mahaney reiterated an Outperform rating on the stock with a $335.00 price target.