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Tag: Amazon

Jeff Bezos ex-wife Mackenzie Scott sells $10bn Amazon shares
Business

Jeff Bezos ex-wife Mackenzie Scott sells $10bn Amazon shares

The ex-wife of Amazon founder Jeff Bezos, MacKenzie Scott, sold about $10 billion in Amazon stock last year, marking a big financial move. The Times reported that Scott initially owned a large 4% of the company when her divorce was finalized. However, a recent regulatory filing shows that she sold 65.3 million shares of Amazon.com Inc. in […]

Amazon plans stand-alone app for payments in India
Tech

Amazon lays off staff from Buy with Prime division

Amazon on Thursday, announced that it is letting go of less than 5% of its workforce at its Buy with Prime division. Buy with Prime, which debuted in 2022, provides fulfilment and shipping services via its logistics network to businesses that aren’t Amazon merchants. The division is still a high priority, according to Amazon, which […]

Amazon Prime video shifts focus, cuts funding in Africa, Middle East
Tech

Amazon Prime video shifts focus, cuts funding in Africa, Middle East

Amazon Prime Video is reorganizing its global operations to concentrate on original European content, reducing staff and funding in Africa and the Middle East. There will be layoffs in the local teams even if Prime Video will still function in those regions. In the meantime, Barry Furlong, vice president of Prime Video Europe, will oversee […]

Amazon launches AI image generator for TVs
News Tech

Amazon launches AI image generator for TVs

Amazon on Wednesday launched the feature to create AI-generated images on Fire TV devices. Users who own a second-generation Fire TV Stick 4K Max or Fire TV Omni QLED Series device can use the functionality in the United States as of this Wednesday. Amazon’s Titan Image Generator, which it unveiled at its AWS re: Invent […]

Amazon lays off staff at Audible
News Tech

Amazon lays off staff at Audible

Amazon is cutting off 5% of the personnel at Audible, Business Insider reported on Thursday, citing a message by the president of the audiobook and podcast division. Amazon acquired the audiobook provider Audible in 2008 for around $300 million. The revelation comes as internet giants continue to drastically reduce employment, with several extending their layoffs […]

Amazon Prime Video lays off workers
News Tech

Amazon Prime Video lays off workers

Days after Twitch laid off workers, Amazon is cutting back on Prime Video and MGM Studios, laying off “several hundreds” of workers, according to The Information. By the end of this week, Amazon will have notified most other locations and has started notifying the impacted workers in the United States. Packages comprising separation money, transitional […]

Twitch enhances filtering tools to block sexual, violent content from livestream
News Tech

Twitch exits South Korea over operational cost

Twitch, an Amazon streaming division, said on Tuesday that it will cease operations in South Korea in February of the next year due to excessive operational expenses and network fees. “Twitch has been operating in Korea at a significant loss, and unfortunately there is no pathway forward for our business to run more sustainably in […]

Amazon updates Alexa, adds new features
News Tech

Amazon updates Alexa, adds new features

E-commerce giant, Amazon has updated the features for the voice assistant program for mobile devices, Alexa with a redesigned homepage and a tonne of new features, the most recent upgrade simplifies user control over smart home appliances. Users may personalize the Favourites area on the front page of the redesigned app, which makes it simple […]

Amazon to unveil AI-powered Alexa upgrade in February
News Tech

Amazon announces job cuts in Alexa unit

Amazon on Friday announced the company is cutting jobs at its Alexa voice assistant unit, citing “shifting” business priorities and shifting focus to generative artificial intelligence. The job cuts will impact “several hundred” employees working on Alexa, Reuters reported. “We’re shifting some of our efforts to better align with our business priorities, and what we […]

Amazon's Kuiper prototype satellites operating properly
News Tech

Amazon’s Kuiper prototype satellites operating properly

Amazon on Thursday disclosed that both of its test satellites for the Kuiper internet network were operating properly in orbit. The project is expected to begin launching functioning satellites by the middle of 2024, the company stated. The world’s largest satellite operator, Starlink, owned by billionaire Elon Musk, will face competition from the Kuiper internet […]

News Tech

Hyundai cars set for sale on Amazon in 2024

Amazon will start selling Hyundai cars online in the United States early next year, both companies announced on Thursday. “Partnering with one of the world’s most customer-centric organizations unlocks incredible opportunities as we continue to expand our portfolio, grow our sales network, transition to electrification and realize the future of smart mobility,” said Hyundai Motor […]

Snap unveils new lens studio tools for AR creators
News Tech

Snapchat users to make purchases direct on Amazon

Snapchat users in the United States will be able to purchase certain products directly from the social media app on Amazon, a representative said on Monday, According to a statement from the Seattle-based company, customers will be able to shop straight from Amazon’s Snapchat ads and check out without ever leaving the social media platform. […]

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