In a move that would significantly boost Amazon’s already large logistics footprint in India, the US ecommerce behemoth has announced new partnerships with two of the world’s largest state-owned logistics enterprises — the famed Indian Railways, and India Post — country’s state-owned mail service. The announcements came at Amazon’s annual India summit focused on small … [Read more…]
Amazon is reportedly in advanced discussions to become a cornerstone investor in the IPO of SoftBank-owned British chip designer Arm Ltd. The development has been reported by Reuters. Incidentally, Amazon is one of Arm’s largest clients. Neither Amazon nor Arm commented on the matter, but if this development is correct, then Amazon will join several … [Read more…]
In the latest instance of a massive investment being made in a generative AI company, tech titan Google has now pledged to invest a total of $2 billion in AI startup Anthropic. According to the Wall Street Journal and other media reports, Google’s financial pledge to Anthropic involves an upfront cash infusion of $500 million, … [Read more…]
In the highly competitive world of e-commerce and tech giants, Amazon has once again proven its mettle. The company recently reported its third-quarter earnings, surpassing analysts’ expectations and generating significant investor interest in the company. Amazon’s performance comes on the heels of better-than-expected earnings reports from fellow tech giants such as Alphabet and Microsoft. Where … [Read more…]
Amazon’s practices, this time — and perhaps incoming — have earned the ire of the US federal watchdog. In a monumental move, the Federal Trade Commission (FTC) has filed an antitrust lawsuit against e-commerce giant Amazon in a federal court in Seattle. The complaint accuses the e-commerce major of illegally stifling competition by abusing its … [Read more…]
In a world where content choices are abundant, Amazon has just unveiled a series of exciting updates to its popular Fire TV lineup. From the looks of it, Amazon’s new enhancements are designed to make your TV time more enjoyable, navigable, and personalized, and generative AI — ofcourse — will be leading the way. One … [Read more…]