Tag: amazon
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Amazon to invest $1 billion over five years in US data center communities
WASHINGTON, Oct 2 : Amazon’s cloud computing division said on Friday it would invest more than $1 billion over the next five years in US communities where it has data centers and vowed to tackle their impacts on electricity and water usage.Data centers, which provide the computing power to train and run AI
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Amazon seeks to offload $8 billion of Nvidia chips to investors, FT reports
Oct 2 : Amazon is seeking to offload about $8 billion of advanced Nvidia chips to investors through a new vehicle to strengthen its balance sheet, the Financial Times reported on Friday, citing people familiar with the matter. In recent weeks, Amazon has held talks with investors to gauge interest in the de
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Amazon, Walmart’s Flipkart launch review of unlicensed security camera listings on India platforms
NEW DELHI, Oct 1 : Amazon and Walmart’s Flipkart have begun checking security camera listings on their platforms in India after hundreds of unlicensed products were offered for sale despite strict government testing rules imposed six months ago amid concerns about espionage risks.The two e-commerce companies
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Synopsys, Amazon Web Services sign chip design licensing deal worth more than $1 billion
SAN FRANCISCO, Sept 30 : Synopsys and Amazon Web Services on Wednesday said that Amazon.com’s cloud computing unit has entered a multi-year deal worth more than $1 billion to license chip design intellectual property from Synopsys.Synopsys makes software for designing complex computer chips, helping firms su
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Apple, Amazon face revived UK consumer lawsuit over product sales
LONDON, Sept 28 : Britain’s Competition Appeal Tribunal allowed part of a revived consumer lawsuit against Apple and Amazon to proceed on Monday over claims they restricted competition.The lawsuit alleges Apple and Amazon agreed in 2018 to limit which sellers could offer Apple and Beats-branded products on Am
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Apple and Amazon face revived UK consumer lawsuit over product sales
LONDON, Sept 28 : Britain’s Competition Appeal Tribunal on Monday allowed part of a consumer lawsuit against Apple and Amazon to proceed over claims they restricted competition in the sale of Apple products on Amazon’s UK marketplace.The lawsuit alleges Apple and Amazon agreed in 2018 to limit which sellers c
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Exclusive-Amazon bets $3 billion on India’s fast-delivery boom, sources say
NEW DELHI/SAN FRANCISCO, Sept 24 : US e-commerce retailer Amazon will invest $3 billion to expand its India quick commerce business by 2030, two sources said, its biggest bet yet on a sector where rivals have raced ahead by popularising deliveries within minutes.The instant deliveries sector, dubbed “quick co
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Amazon rolls out new agentic AI for third-party sellers
SAN FRANCISCO, Sept 23 : Amazon on Wednesday introduced a new agentic artificial intelligence service for third-party sellers on its main e-commerce site, expanding automation features for easier listing and inventory management. Agents are fast becoming the hottest area of growth in AI because they can perform mul
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$2.5 billion Amazon Prime settlement update: See if you qualify for a $200 payout and learn how to cancel unwanted subscriptions
Under a revised FTC order, more Amazon users qualify for a refund and the maximum payout been raised from $51 to $200.
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Amazon enters AI safety fray, calls for “rigorous testing,” safeguards
SAN FRANCISCO, Sept 17 : Amazon weighed in on the artificial intelligence safety debate roiling Silicon Valley, saying AI labs should ensure models are released only when they are safe and fully tested, but stopped short of calling for an industry slowdown.“”We don’t see it as a choice between progress and
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