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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 […]

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

Amazon to introduce ads in Prime Video in 2024

Amazon Prime Video users will start to see adverts in movies and series in early 2024 unless they pay the price to subscribe to an ad-free tier. Amazon’s initiative comes after rivals Netflix and Walt Disney made comparable announcements. The number of new customers joining streaming services has been declining as consumers cut back on […]

Amazon restructures Wondery Podcast Studio, cuts 110 jobs
News Tech

Amazon updates Alexa with generative AI features

Amazon on Wednesday, announced a number of updated and new products as well as generative artificial intelligence for its Alexa voice assistant. In place of the nearly ten-year artificial tone, Alexa will now chat more casually and provide answers to queries like when football games start and what ingredients to use. Alexa was introduced by […]

Amazon restructures Wondery Podcast Studio, cuts 110 jobs
News Tech

Amazon launches AI tool for merchants

Amazon on Wednesday unveiled a new set of generative AI tools to make the process of making product listings easier for merchants. This new functionality, according to the retail giant, is intended to assist merchants in creating “captivating product descriptions, titles, and listing details.” Additionally, AI will allow sellers to update their current product descriptions […]

Vodafone Germany fires 2,000 employees to save costs
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Vodafone, Amazon partner to expand 5G reach

Vodafone intends to collaborate with Amazon’s low Earth orbit satellite constellation Project Kuiper for 5G. This partnership is in order to expand the coverage of its 4G and 5G communication networks in Europe and Africa, The British mobile operator said that high-bandwidth, low-latency satellites from Project Kuiper would be used to link mobile service stations […]

Amazon restructures Wondery Podcast Studio, cuts 110 jobs
News Tech

Amazon shareholder sues Bezos over contracts

A shareholder of Amazon has filed a lawsuit against the company’s founder Jeff Bezos and the board of directors. The plaintiff claiming that they were negligent in their evaluation of the decision to give Blue Origin, Bezos’ space company, launch contracts for the company’s Project Kuiper satellite project. According to the lawsuit brought by the […]

Amazon’s head of products Limp steps down
News Tech

Amazon’s head of products Limp steps down

Amazon’s head of consumer products, David Limp will step down from his position as head of the unit later this year. Following a Wall Street Journal report, Amazon has confirmed the information with TechCrunch. The decision was made in response to widespread claims that its significant bets on the smart home haven’t yielded the desired […]

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