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Tag: Amazon

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. […]

Amazon cuts jobs in books division amid broader efficiency push
News Tech

Amazon spends millions to train AI model ‘Olympus’

Amazon is spending millions on training an ambitious large language model in the hopes of competing with elite models like OpenAI and Alphabet, Reuters reported. With two trillion parameters, the model, code-named “Olympus,” may rank among the largest models being trained. One of the greatest models currently available, OpenAI’s GPT-4 model, is said to have […]

News Tech

Amazon to launch cloud services in Europe

Amazon Web Services on Wednesday, said that it would introduce a sovereign cloud in Europe for use by the government and clients in sectors with strict regulations. According to a statement from Amazon’s cloud computing division, the sovereign cloud will use servers housed in the European Union to store data, and only EU citizens working […]

Amazon cuts 100 Jobs in devices, services unit
News Tech

Amazon unveils passkeys for products

Amazon has quietly begun to enable passkeys as it joins the passwordless future although users can continue to use their Amazon password for a little while longer, The e-commerce giant’s website now offers the opportunity to set up a passkey, enabling customers to sign in using biometric identification on their device, like their fingerprint or […]

Amazon launches first internet satellite
News Tech

Amazon launches first internet satellite

Amazon has launched a United Launch Alliance rocket carrying the first two Project Kuiper prototype satellites lifted off from Cape Canaveral, Florida, at 2:06 p.m. ET on Friday. This development pits the tech company against SpaceX and its Starlink system, Amazon has formally entered the race to develop vast constellations of satellites that can cover […]

News Tech

Amazon to open web service center in Kenya

The company’s cloud computing business, Amazon Web Services, announced on Wednesday that it will establish a development facility in Nairobi, the capital of Kenya, and add jobs in software engineering, cloud support, and development. “The Kenyan technology sector continues to be a source of growth and job creation at a time when there is so […]

Amazon increases AI spending to $100bn
News Tech

Amazon launches Bedrock AI for businesses, developers, others

Amazon on Tuesday announced that Bedrock, a service that offers a selection of generative AI models from Amazon and other partners via an API, is now generally available. “Today’s announcement is a major milestone that puts generative AI at the fingertips of every business, from startups to enterprises, and every employee, from developers to data […]

Amazon to exit Quebec operations, cut 1,700 jobs
News Tech

Amazon faces FTC lawsuit over monopolistic conduct

The Federal Trade Commission on Tuesday, took action against online shopping giant Amazon, charging it with illegally restricting competition as it forged its way to become a ubiquitous retail presence and one of the most valuable companies in the world. The FTC was joined in the case by the attorneys’ general of 17 states. They […]

Ex- Amazon executive Dave Limp to lead Blue Origin as CEO
News Tech

Ex-Amazon executive Dave Limp to lead Blue Origin as CEO

A former Amazon executive who oversaw items like the Kindle, Dave Limp, will succeed outgoing CEO Bob Smith at Jeff Bezos’ space venture Blue Origin at the end of the year, according to Reuters. According to an email from Blue Origin’s founder, Jeff Bezos, Limp, a former senior vice president at Amazon who oversaw the […]

Amazon restructures Wondery Podcast Studio, cuts 110 jobs
News Tech

Amazon to invest $4b in AI company Anthropic

Amazon announced on Monday that it will invest up to $4 billion in cash in the AI company, Anthropic in an effort to compete with burgeoning cloud rivals on artificial intelligence. As part of the agreement, Anthropic’s technology will get early access to Amazon’s workers and cloud customers, allowing them to integrate it into their […]

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