Tag: amazon
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Amazon beats cloud sales growth estimates; shares jump
July 30 : Amazon.com beat market expectations for quarterly cloud sales growth on Thursday, calming prior fears among investors over hefty planned outlays for artificial intelligence development.Shares in the Seattle-based online retailer jumped more than 9 per cent after the market’s close, following a 3.9 p
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Amazon winds down most flagship AI models in strategy overhaul, Business Insider reports
July 28 : Amazon.com is revamping its AI strategy, winding down many of its in-house AI models and sharpening focus on a new frontier-model effort, Business Insider reported on Tuesday citing people familiar with the matter.The company has begun deprecating most of its flagship Nova AI models, including the h
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Amazon’s Leo proposes satellite constellation for direct-to-phone service
WASHINGTON, July 27 : Amazon’s Leo on Monday proposed a constellation of up to 5,105 satellites to provide direct-to-device voice and data connectivity, joining a growing race among satellite operators to beam cellular services directly to smartphones.The proposed network would provide voice, messaging, data
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India relaxes e-commerce investment rules for exports in win for Amazon
NEW DELHI, July 23 : India’s government on Thursday eased foreign investment rules to allow e-commerce companies to buy products directly from Indian sellers and then sell them to overseas customers, a major win for Amazon which lobbied for the change for months.For years, India has prohibited foreign e-comm
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Exclusive-Amazon’s Bezos pushes Prime Video redesign focused on AI
SAN FRANCISCO, July 23 : Jeff Bezos has identified a new, high-profile platform to help showcase the hundreds of billions of dollars Amazon has bet on artificial intelligence: Prime Video.The Amazon founder and executive chairman pushed Prime Video head Mike Hopkins to overhaul the streaming service so that A
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Italian unions agree workers’ rights deal with Amazon
MILAN, July 22 : Italian unions have signed an agreement with Amazon.com covering leave, employee rights and video surveillance, the unions and the U.S. e-commerce giant said on Wednesday.• The Filt CGIL, Fit CISL and Uiltrasporti unions said 57 sites operating in Italy were covered in the deal struck with
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Amazon cuts jobs in its artificial general intelligence group
SAN FRANCISCO, July 22 : Amazon on Wednesday cut jobs in its artificial general intelligence group, marking the latest in a series of smaller reductions across the company since a much larger one in January.Artificial general intelligence is a hypothetical AI system that surpasses human intelligence and c
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Amazon agrees workers’ rights deal with Italian unions
MILAN, July 22 : Italian unions have signed an agreement with Amazon.com covering leave, employee rights and video surveillance, the unions and the US e-commerce giant said on Wednesday.• The Filt CGIL, Fit CISL and Uiltrasporti unions said 57 sites operating in Italy were covered in the deal struck with Am
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Brazil’s Amazon sees sharp decline of area burned in 2025
The amount of land burned in the world’s largest rainforest was the smallest since MapBiomas records began in 1985.
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How to claim part of the historic $2.5 billion Amazon Prime settlement and cancel unwanted subscriptions
The online giant is accused of subscribing millions of unwitting customers to Amazon Prime. Find out how to file a claim and keep track of your subscriptions.
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