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Tag: Amazon

Business

ICYMI: Amazon’s market value hits $3trn on AI boom

Amazon’s market value topped $3 trillion for the first time on Monday, helped by a sharp rally following strong earnings and signs that the AI boom is driving fresh demand for its cloud-computing services, the company’s main profit engine. Its shares were last up five per cent at $285.01, hitting a record high. They have […]

Tech

Amazon deploys enough satellites to begin LEO internet service

Amazon has reached a major milestone in the rollout of its low Earth orbit satellite internet network, announcing that it now has enough satellites in space to begin offering initial internet service later this year. The company successfully launched 29 additional satellites at about 12:30 a.m. ET on Thursday aboard a United Launch Alliance Atlas […]

Business

Amazon engineers under internal probe after criticising AI data center expansion

A group of Amazon engineers say they are under internal investigation after publicly criticising the rapid expansion of artificial intelligence data centers and calling for tighter government regulation. Earlier this month, five Amazon employees spoke at Seattle City Council hearings during a public consultation on a proposed one-year pause on new large-scale data center construction, […]

Business

Amazon sued over prices tied to unlawful Trump-era tariffs

Amazon is facing a proposed class-action lawsuit from consumers seeking refunds over higher product prices allegedly driven by tariffs that the United States Supreme Court later ruled were unlawfully imposed by Donald Trump. Filed Friday in a federal court in Seattle, the lawsuit claims the e-commerce giant collected hundreds of millions of dollars in unlawful […]

Tech

Kindle users turn to jailbreaking after Amazon ends device support

Many Kindle users are opting to jailbreak their devices after Amazon announced it will discontinue technical support for older models. Starting May 20, the company will officially end support for the following Kindle devices: Kindle 1st Generation Kindle 2nd Generation Kindle DX Kindle DX Graphite Kindle Keyboard Kindle 4 Kindle 5 Kindle Touch Kindle Paperwhite […]

Amazon cuts 100 Jobs in devices, services unit
Tech

Amazon shuts down Rufus chatbot, unveils Alexa for shopping

Amazon is shutting down its Rufus chatbot as it shifts focus to making Alexa the core of its AI-driven shopping strategy. On Wednesday, the company introduced Alexa for Shopping, an e-commerce assistant designed to answer questions and complete tasks on users’ behalf. Amazon said the new tool combines features from Rufus and Alexa+, while drawing […]

Tech

Amazon unveils ultra-fast 30-minutes delivery service across US

Amazon on Tuesday unveiled a new 30-minute delivery service called “Amazon Now,” rolling out across dozens of cities in the United States. The ultra-fast option lets customers order from “thousands” of products, according to Amazon, including fresh groceries, everyday household essentials, and other locally tailored items. launch, Amazon Now will be broadly available in Atlanta, […]

Tech

Amazon unveils AI office tools to challenge Microsoft, Salesforce

Amazon Web Services on Tuesday unveiled a new set of tools for logistics workers and recruiters, called Amazon Connect Decisions and Amazon Connect Talent. Combined with a suite of health applications launched last month, the offerings signal Amazon’s growing push to apply its artificial intelligence capabilities to the enterprise software market, according to Bloomberg. According […]

Tech

Amazon expands into weight-loss market with new GLP-1 access program

Amazon is expanding further into the fast-growing weight-loss market, announcing on Tuesday a new initiative designed to make access to widely used GLP-1 treatments easier. The company said its primary care unit, Amazon One Medical, is introducing a GLP-1 management program that incorporates obesity treatment into standard medical care. The program blends virtual and in-person […]

Telecommunications

Amazon to acquire Globalstar for $11.57bn, challenges Musk’s Starlink

Amazon is accelerating its push into space-based connectivity with plans to spend 11.57 billion dollars on the acquisition of satellite firm Globalstar, in a bold move aimed at competing directly with Elon Musk’s Starlink network. The deal, announced on Tuesday, will give Amazon access to thousands of satellites in low-Earth orbit through its Amazon Leo […]

Amazon plans stand-alone app for payments in India
Tech

Amazon to acquire satellite firm in $11.57bn move to challenge Starlink

Amazon said on Tuesday it will acquire a satellite company in an $11.57 billion deal, strengthening its emerging space operations as it seeks to compete with Elon Musk’s Starlink. The agreement gives Amazon access to Globalstar’s network of about two dozen satellites, advancing its efforts to challenge SpaceX’s Starlink service, which currently operates roughly 10,000 […]

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