Page 13 - Amazon

Amazon could release AI-enhanced Alexa assistant on Feb 26: What to expect

Beyond conversational features, AI-powered Alexa is expected to get agentic AI capabilities for taking certain actions on user's behalf

Amazon's cloud business faces test after Microsoft, Google struggles

Amazon Web Services, the world's largest cloud services provider, is expected to post its strongest revenue increase in eight quarters at 19.3 per cent, according to data compiled by LSEG

Amazon sells Quess Corp shares for Rs 46 cr, Fairfax Capital hikes stake

Global e-commerce giant Amazon on Saturday sold shares of business services provider Quess Corp for Rs 46 crore through an open market transaction, while promoter billionaire Prem Watsa promoted Fairfax Capital increased its holding in the company. US-based Amazon, through its investment arm Amazon.com NV Investment Holdings, offloaded 7.54 lakh shares or 0.50 per cent stake in Bengaluru-based Quess Corp, as per the bulk deal data available on the BSE. The shares were disposed of at an average price of Rs 610.20 apiece, taking the transaction value to Rs 46.03 crore. Meanwhile, Fairfax Financial Holdings' affiliate Fairbridge Capital (Mauritius) and Ajit Isaac (Chairman of Quess Corp), the two promoters of Quess Corp, increased their holdings, by picking up an additional 3.77 lakh shares of the company each. "Pursuant to Sebi (Listing Obligations and Disclosure Requirements) regulations, 2015, we would like to inform that Fairbridge Capital (Mauritius) Ltd has purchased 3,77,218 ..

Amazon Web Services to invest Rs 60,000 cr for expansion in Telangana

Amazon Web Services (AWS) will invest Rs 60,000 crore to expand its data centre infrastructure in Telangana, state government said. Chief Minister A Revanth Reddy and IT and Industries Minister D Sridhar Babu held meetings with senior executives from AWS at the ongoing World Economic Forum at Davos, Switzerland, it added. "AWS will be expanding its data centres in Hyderabad in a big way with plans for fresh investment of around Rs 60,000 crores. With this AWS Region in Hyderabad will play an increasingly important role in supporting AWS's growth of cloud services in India, including AI in the future," a state government press release issued on Thursday stated. The AWS side was represented by Michael Punke, Vice President, Global Public Policy. The leaders discussed the Telangana government's supportive role in creating a welcoming environment for establishing data center infrastructure in the state, and the strategic importance of the state for AWS's operations in India, it said. A

Amazon to close 7 warehouses in Quebec, end 1,700 jobs in next 2 months

Online retailer Amazon said on Wednesday that it's closing all seven of its warehouses in the Canadian province of Quebec in the next two months. The e-commerce giant said the move would provide "even more savings to our customers over the long run". However, a Canadian union that successfully unionised one warehouse accused the company of closing its sites to fend off organising efforts in the region. The closures will eliminate about 1,700 permanent full-time jobs in the greater Montreal area, Amazon said. The warehouses also employ 250 temporary employees. Amazon said it would enlist local, third-party companies to deliver packages, reverting to a business model it used in Quebec before 2020. "This decision wasn't made lightly, and we're offering impacted employees a package that includes up to 14 weeks' pay after facilities close and transitional benefits, like job placement resources," Amazon spokesperson Barbara Agrait said in a statement. Agrait said the decision was made

Google to make fresh investment over $1 billion in OpenAI rival Anthropic

Anthropic, a major competitor of OpenAI in the AI foundation model space, declined to comment

Carbon markets investor kicks off $1.5 bn Amazon protection plan in Davos

The initiative is the first major campaign by Silvania, a $500 million nature and biodiversity investment vehicle, working with Conservation International and The Nature Conservancy

Amazon to acquire fintech firm Axio to expand credit services in India

Information about deal size for Bengaluru-based firm not disclosed

Blue Origin reaches orbit in first New Glenn launch, misses booster landing

Thirty stories tall with a reusable first stage filled with liquid oxygen and methane, New Glenn launched around 2 am ET (0700 GMT) from Blue Origin's launchpad under cloudy skies

Amazon Echo Spot review: A perfect smart accessory for your bedside table

The Amazon Echo Spot is positioned as an Alexa-enabled smart alarm clock with a customisable display, rather than as a traditional smart speaker or display

Jeff Bezos' Blue Origin to try again to launch New Glenn rocket Tuesday

Blue Origin will try again to launch its massive new rocket as early as Tuesday after calling off the debut launch because of ice buildup in critical plumbing. The 320-foot New Glenn rocket was supposed to blast off before dawn on Monday with a prototype satellite. But ice formed in a purge line for a unit powering some of the rocket's hydraulic systems and launch controllers ran out of time to clear it, according to the company. Founded by Amazon's Jeff Bezos, Blue Origin said Tuesday's poor weather forecast could cause more delay. Thick clouds and stiff wind were expected at Cape Canaveral Space Force Station. The test flight already had been delayed by rough seas that posed a risk to the company's plan to land the first-stage booster on a floating platform in the Atlantic. New Glenn is named after the first American to orbit Earth, John Glenn. It is five times taller than Blue Origin's New Shepard rocket that carries paying customers to the edge of space from Texas. Bezos found

Space industry has room for 'multiple winners': Bezos on competition

There is going to be new uses for space that's going to drive demand for large capacity up, Bezos said on the eve of his company's first orbital rocket launch attempt

First phase of Bima Sugam project likely to be rolled out mid-2025

Initially proposed for Jan '23 launch, project missed many deadlines

Uncertainty looms over launch of Irdai's ambitious Bima Sugam project

Industry players, who are also investors in the project, say it is unlikely the project will meet the announced launch date of April 2025, with few updates on its progress

Amazon, Flipkart pleas against CCI probe order transferred to Karnataka HC

A single-judge bench of the Karnataka High Court is likely to hear the case on January 15

SC transfers all cases against Flipkart, Amazon to Karnataka HC on CCI plea

The order came on a plea filed by the Competition Commission of India, which sought to consolidate all 24 cases pending across various high courts against Amazon and Flipkart

Quick commerce will rival e-commerce majors Amazon, Flipkart: Zepto CEO

The quick commerce industry will reach a stage in 2025 where it will be comparable to traditional e-commerce giants like Amazon and Flipkart, Zepto co-founder and CEO Aadit Palicha has asserted. In a LinkedIn post on New Year's Eve, he said Zepto last year announced that 2024 will be the year people realise that quick commerce has the potential to create an Amazon/Flipkart level outcome in India and outlined three key forecasts for the new year. "In 2025, Quick Commerce will actually start hitting a scale where it will become comparable to e-commerce," he wrote. IPO-headed Zepto reported a 120 per cent increase in operating revenue to Rs 4,454 crore in FY24, surpassing competitors like Swiggy's Instamart and Zomato's Blinkit. Emphasising that success in quick commerce will hinge on "exceptional execution", Palicha said it will be challenging for every single player to deliver that level of execution. "In 2025, the fundamentals of Quick Commerce will evolve dramatically. The custom

Jeff Bezos' Miami neighbor seeks $200 million for empty 1.8 acre lot

Even if the land ultimately fails to sell for $200 million, Reznik believes it will still set a record for the region

Musk's SpaceX, Amazon in talks with British Airways owner on wi-fi deal

One obstacle for Starlink is the complexity of the certification process, Gigante said. She said IAG is evaluating various options, including when the group could install a new service

Jeff Bezos rejects reports of $600 mn wedding with partner Lauren Sanchez

Billionaire Jeff Bezos rejected reports that he was planning an extravagant $600 million wedding with partner Lauren Sanchez in Aspen, Colorado