Accounting quirks: Anthropic paper gains and profit effects

Why is Amazon laying off 14,000 people during a massive AI boom? Todd and John analyze the Seattle tech paradox, digging into Andy Jassy's 'startup' reasoning and debating whether the AI frenzy is a bubble. Then, they take on the Cascadia high-speed rail: a necessary connector or a misguided project?

Related headlines from the week

Amazon layoffs

• Amazon confirms 14,000 job cuts, says push for ‘efficiency gains’ will continue into 2026
• A tale of two Seattles in the age of AI: Harsh realities and new hope for the tech community
• Filing: Amazon cuts more than 2,300 jobs in Washington state as part of broader layoffs
• Amazon layoffs hit software engineers hardest in Washington
• Amazon layoffs reaction: ‘Thought I was a top performer but guess I’m expendable’
• Amazon CEO says massive corporate layoffs were about agility — not AI or cost-cutting

Amazon earnings

• Amazon stock soars 11% after topping Q3 estimates with $180B in revenue, $21B in profits
• Amazon’s Anthropic investment boosts its quarterly profits by $9.5B
• ‘Big Beautiful’ tax benefit: Amazon and other tech giants reap the rewards of new law, for now

Microsoft Azure, earnings and OpenAI

• Microsoft’s Azure reports cloud outage, disrupting global customers including Alaska Airlines
• Microsoft beats expectations, reports nearly $35B in Q1 capital spending amid Azure outage
• Microsoft gets 27% stake in OpenAI, and a $250B Azure commitment

Seattle-Portland-Vancouver

• Slowly but surely, high-speed rail backers believe Cascadia mega-project will become a reality
• Cascadia’s AI paradox: A world-leading opportunity threatened by rising costs and a talent crunch
• The ‘enormous barrier’ that threatens economic growth in the Pacific Northwest
• Beta’s unique electric airplane flies into Seattle to wow state officials and aviation experts

With GeekWire co-founders John Cook and Todd Bishop

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