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Tag: Amazon

Bezos leads $72m investment in AI data firm Toloka
News

Bezos expresses confidence in Musk, optimism for US space agenda

Jeff Bezos, founder of Blue Origin, said he does not believe SpaceX CEO Elon Musk will exploit his close relationship with U.S. President-elect Donald Trump to gain an advantage over Blue Origin in the space industry. Speaking to Reuters on Sunday, Bezos expressed optimism about the incoming administration’s space policies. “Elon has been very clear […]

Tech billionaires lose $34.4bn amid market sharp decline
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Meta, Amazon scale back diversity programs amid opposition pressure

Meta Platforms, the parent company of Facebook, and Amazon.com are scaling back their diversity, equity, and inclusion initiatives as conservative opposition to such programs gains momentum. The moves come ahead of Republican Donald Trump’s return to the U.S. presidency, signaling a broader shift in corporate America’s stance on inclusion efforts. Meta announced in an internal […]

Amazon to acquire Indian streaming service MX Player
News

Amazon’s Haul rivals Temu, Shein on pricing

Amazon has introduced new feature called Haul, in its mobile-only section within its app that focuses on ultra-low-priced items. Amazon’s Haul is designed to rival popular platforms like Temu and Shein, offering ultra-low-cost products shipped directly from China. Since its launch in November, the feature has drawn millions of unique customer visits, showcasing Amazon’s push […]

Amazon to acquire Indian streaming service MX Player
Tech

Amazon ‘knowingly’ works workers at injury-prone pace, claims report

An investigation led by Senator Bernie Sanders has found that Amazon drives its United States warehouse workers to fulfill orders at speeds that risk causing high injury rates, despite being aware of the dangers. The report accused Amazon of rejecting changes that could have slowed workers’ pace but improved safety, prioritizing its bottom line instead. […]

Amazon increases AI spending to $100bn
News

Amazon delays Microsoft 365 rollout over security concerns

Amazon has delayed the deployment of Microsoft 365, the cloud-based Office suite, for a year due to security concerns. Although the two companies signed a deal last year to provide Microsoft 365 to Amazon employees, Amazon has traditionally used locally installed versions of Office software on its servers, according to Bloomberg. Amazon paused the rollout […]

Amazon unveils new AI model 'Nova'
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Amazon unveils new AI model ‘Nova’

Amazon Web Services has introduced a new family of multimodal generative AI models, called Nova at its re:Invent conference on Tuesday. These models are designed to handle a range of tasks, from text generation to image and video creation. The Nova family includes four text-generating models: Micro, Lite, Pro, and Premier. Micro, Lite, and Pro […]

Amazon increases AI spending to $100bn
News

Amazon to invest $4bn more in Anthropic, OpenAI rival

Amazon announced it would invest an additional $4 billion in Anthropic, increasing its total investment to $8 billion. However, Amazon will continue to hold a minority stake in the San Francisco-based AI startup, which is behind the Claude chatbot and AI model. Amazon Web Services will become Anthropic’s “primary cloud and training partner,” according to […]

Amazon increases AI spending to $100bn
News

Remote work: Amazon employees reject return-to-office policy

Amazon employees numbering 500 have sent a letter to the CEO of its Amazon Web Services division, urging him to reconsider the company’s new five-day return-to-office mandate. The letter, sent on Wednesday, expresses discontent with AWS CEO Matt Garman’s claim that there is broad support for the policy, stating that employees who oppose it should […]

Amazon launches Kindle first color e-reader
News

Amazon launches Kindle first color e-reader

Amazon has announced the launch of its first color e-reader, the ‘Kindle Colorsoft,’ marking a significant milestone after years of development efforts. The new device, priced at $280, enters a competitive market where similar products from other manufacturers range from $149 to $330. The Colorsoft utilizes LEDs and advanced technology to deliver its color display, […]

Apple TV+ to launch on Amazon Prime Video in US
News

Apple TV+ to launch on Amazon Prime Video in US

Amazon announced on Wednesday that Apple TV+ will be available on Prime Video later this month in the U.S. for $9.99 per month. This move is seen as a significant boost for Apple, which has been trailing behind streaming giants like Netflix, Disney+, and its own Prime Video. Apple TV+ has distinguished itself in the […]

Amazon plans stand-alone app for payments in India
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Amazon plans stand-alone app for payments in India

Amazon is considering spinning off its payments service, Amazon Pay, into a separate app in India, according to three sources familiar with the discussions. The move aims to increase the use of Amazon Pay, which is currently integrated within the company’s main e-commerce app. Amazon Pay offers a range of services including money transfers, bill […]

Amazon to acquire Indian streaming service MX Player
News

UK regulator probe Amazon’s $4bn investment in AI Startup Anthropic

The UK’s Competition and Markets Authority has initiated a formal antitrust investigation into Amazon’s recent $4 billion investment in the AI startup Anthropic. This move follows the CMA’s previous announcement of an inquiry into Google’s own $2.3 billion investment in the same startup. Anthropic, a San Francisco-based AI company founded in 2021, focuses on developing […]

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