Page 19 - Amazon

Amazon seizes 15 mn counterfeits in 2024, uses AI to fight fake goods

Amazon identified, seized, and disposed of more than 15 million counterfeit products globally in 2024, preventing these knockoffs from harming customers or being peddled elsewhere, according to a latest report that underlined how the e-commerce giant is extensively using AI to crackdown on fake goods. Amazon said, last year, it invested over a billion dollars and employed thousands of people -- including machine learning scientists, software developers, and expert investigators -- who were dedicated to protecting customers, brands, selling partners, and store from counterfeit, fraud, and other forms of abuse. Investment in artificial intelligence has enabled the company to improve proactive controls, automating and scaling intellectual property protection and counterfeit detection systems, Amazon's 2024 Brand Protection Report said. The report said Amazon's proactive controls blocked more than 99 per cent of suspected infringing listings before a brand ever had to find and report ..

Amazon cuts referral fees on 12 mn products to boost seller growth in India

Move aimed to boost seller growth by offering a wider selection and more competitive offers; revised fees to come into effect from April 7

Amazon introduces non-refundable ₹49 processing fee: Know all about it

Amazon said the processing fee is intended to cover costs related to the 'aggregation, management, and processing' of bank discount offers on its platform

BIS raids Amazon, Flipkart warehouses; over 10,000 uncertified items seized

BIS raids Amazon and Flipkart warehouses at multiple locations, seizing substandard toys, blenders, bottles, electric water heaters, and speakers, violating the BIS Act 2016

Vodafone Idea explores partnership with Musk's Starlink after Airtel, Jio

Vodafone Idea plans to deploy 75,000 5G sites in 17 regions over three years, upgrading 10,000 towers with 900 MHz spectrum and has added 11,000 new towers in the past nine months

Razorpay targets 1.5 lakh exporters on Amazon's Global Selling Platform

Since December last year, Indian merchants part of Amazon's Global Selling programme have been able to collect their global payouts using the company's offering for international bank transfers

Amazon Alexa to process voice recordings on cloud: What it means for users

Starting March 28, Amazon Echo users will not have the option to store their voice recordings of conversations with Alexa locally. The company will process every request on cloud only

Google parent Alphabet in talks to buy cyber firm Wiz for $33 billion

The deal, which may be announced as soon as Tuesday, would be Alphabet's largest acquisition to date, and could help Alphabet's Google catch up with Microsoft Corp. and Amazon.com Inc

BIS cracks down on e-commerce giants over non-certified products

The Bureau of Indian Standards (BIS) has conducted raids on warehouses of major e-commerce platforms, including Amazon and Flipkart, seizing thousands of uncertified consumer products, the consumer affairs ministry said on Saturday. During a raid on March 7 at an Amazon warehouse in Lucknow, BIS officials seized 215 toys and 24 hand blenders that lacked the mandatory BIS certification, an official statement said. A similar operation at the e-commerce giant's Gurugram facility in February yielded 58 aluminium foils, 34 metallic water bottles, 25 toys, 20 hand blenders, 7 PVC cables, 2 food mixers and 1 speaker -- all without proper certification. At a Flipkart warehouse in Gurugram, operated by Instakart Services Pvt Ltd, authorities confiscated 534 stainless steel vacuum-insulated bottles, 134 toys and 41 speakers that failed to meet the required standards. BIS's investigations revealed that many of these non-certified products were linked to Techvision International Pvt ...

Amazon, Google back pledge to triple global nuclear energy by 2050

It has also become a compelling solution for power-guzzling data centers, with Big Tech firms already having signed multiple billion-dollar deals with utilities

US FTC dismisses Amazon trial delay, insists DOGE cuts won't derail case

FTC reverses claim of resource constraints, says Amazon trial will proceed as scheduled despite DOGE-driven budget cuts and staff reductions under the Trump administration

Amazon partners with Youth4Jobs to empower women sellers with disabilities

E-commerce major Amazon India has partnered with Youth4Jobs Foundation to support women sellers with disabilities by providing essential resources, tools, and training to succeed in the digital e-commerce ecosystem. Under the partnership, Amazon Saheli programme will conduct workshops and provide onboarding and account management support for these women sellers, according to a company statement. The alliance aims to bridge the gap between talented women with disabilities and wider market opportunities, and help them leverage the Amazon platform to grow their business online, it said. The women sellers will get hands-on training in digital marketing, performance marketing, product listing optimisation, and advertising solutions to help them establish a robust online business. They will also get access to data-driven insights and metrics to attain a greater understanding of customer behaviour, expectations, and key market trends. "Our collaboration with Youth4Jobs aims to support wo

Elon Musk loses $148 bn in net worth: Why are billionaires losing money?

In December 2024, Elon Musk's fortune peaked at $486 billion. However, he is one among the many billionaires who are witnessing financial setbacks

Amazon's cloud unit builds first quantum computing chip called 'Ocelot'

Amazon Web Services' new Ocelot chip, developed by a team working at the California Institute of Technology, comprises two tiny squares of silicon stacked on top of each other

Amazon unveils gen AI-powered 'Alexa+' with agentic abilities: What's new

Alexa+ will first launch in the United States in the coming weeks, with a gradual rollout to select Echo Show devices, including Echo Show 8, 10, 15, and 21

HC orders Amazon to pay Rs 340 cr to Lifestyle Equities over infringement

During the proceedings of the case, Cloudtail India agreed to accept an injunction decree and proposed a settlement which would include damages

Meta in talks to build $200 billion data centre for AI projects: Report

Meta's decision to invest heavily in data centres is a part of the larger trend where tech giants are announcing huge investments one by one in data centres, particularly to meet the future AI demand

Amazon may unveil AI-powered Alexa, Echo devices on Feb 26: What to expect

The new version of the voice assistant Alexa is expected to engage in more natural conversations, with improved contextual awareness

Amazon delivers 410 mn items via same, next-day services in 2024

The preferred categories for same-day or next-day deliveries include fruits and vegetables, snacks and desserts, beauty products, mobile phones, home decor, and fashion, Amazon said

Amazon MGM takes creative reins of James Bond, ending era of family control

In a James Bond shakeup that stirred the film industry, Amazon MGM has announced that the studio has taken the creative reins of the 007 franchise after decades of family control. Longtime Bond custodians Michael G Wilson and Barbara Broccoli said they would be stepping back. Amazon MGM Studios, Wilson and Broccoli formed a new joint venture in which they will co-own James Bond intellectual property rights but Amazon MGM will have creative control. Financial terms weren't disclosed. The deal is expected to close sometime this year. With my 007 career spanning nearly 60 incredible years, I am stepping back from producing the James Bond films to focus on art and charitable projects, Wilson said in a statement on Thursday evening. Therefore, Barbara and I agree, it is time for our trusted partner, Amazon MGM Studios, to lead James Bond into the future. Amazon bought MGM Studios in 2022 for USD 6.1 billion, a purchase that was significantly motivated by the acquisition of one of the .