Page 22 - Amazon

Severe drought returns to Amazon. And it's happening earlier than expected

Holder of one-fifth of the world's fresh water, the Amazon is beginning the dry season with many of its rivers already at critically low levels, prompting governments to anticipate contingency measures to address issues ranging from disrupted navigation to increasing forest fires. The Amazon Basin is facing one of the most severe droughts in recent years in 2024, with significant impacts on several member countries, stated a technical note issued Wednesday by the Amazon Cooperation Treaty Organization, which includes Bolivia, Brazil, Colombia, Ecuador, Guyana, Peru, Suriname and Venezuela. In several rivers in the southwestern Amazon, water levels are the lowest on record for this time of year. Historically, the driest months are August and September, when fire and deforestation peak. So far, the most affected countries are Bolivia, Peru and Brazil, according to ACTO. On Monday, Brazil's federal water agency decreed a water shortage in two major basins, Madeira and Purus, which cove

World's richest lose $134 billion in stock slump, led by Amazon's Bezos

His wealth also derives from space-exploration company Blue Origin and the Washington Post

Amazon's shares slide after AI spending plans disappoints investors

The company projected operating income for the current quarter ending in September will be $11.5 billion to $15 billion. Analysts, on average, were looking for $15.7 billion

Amazon set to join Google, Microsoft's spending surge as AI race heats up

The e-commerce giant's capital investments - mostly for building cloud and generative AI infrastructure - is expected to have risen 43 per cent in the second quarter to $16.41 billion

Amazon claims to deliver 50% of Prime member orders on same or next day

Amazon India claims to have delivered 50 per cent of orders of its Prime membership users within same day, next day or faster. The company charges Rs 299 per month or Rs 1,499 annually for Prime membership. It offers free or discounted delivery to Prime members for delivering order on same day, next day or as per scheduled time. "In India, so far in 2024, nearly 50 per cent of all Prime member orders across a wide selection of products from eye liners to baby products, to garden tools, to watches, to phones, have arrived the next day, same day, or faster," Amazon said in a statement. The company said that AI has helped it to serve customers faster at scale. "We've leveraged the power of machine learning to expand selection of products, and recommended sellers to move selection closer to customers for them to order and re-order consistently," the statement said. Amazon India has fulfilment centres across 15 states, sortation centres across 19 states working with over 1,950 delivery

'Amazon racing to develop AI chips cheaper, faster than Nvidia's'

Through its homegrown chips, Amazon wants to help customers compute complex calculations and process enormous amounts of data more cheaply

Tech wrap Jul 24: Apple Watch for kids, Galaxy Z Fold 6 sale, Meta AI, more

Apple Watch 'For Your Kids' launched in India, Samsung Galaxy Z Fold 6, Flip 6 now on sale. Meta AI gets support for Hindi. iOS 18 dev beta 4 released. HMD Crest launch on July 25

Amazon Prime Video revamp brings AI-powered features and an improved design

Soon, the streaming platform will offer AI generated content recommendations. Moreover, it will show simplified synopsis, new animations, and smooth page transitions

Swiggy Instamart bolsters leadership team with Amazon, Reliance picks

Himavant Srikrishna Kurnala, Mayank Rajvaidya, Manu Sasidharan, and Kumar Rahul join Swiggy in key roles

Amazon India in talks for deal with Instamart amid Swiggy's IPO filing

Bengaluru-based Swiggy recently filed with the Securities and Exchange Board of India (Sebi) for a Rs 10,414 crore IPO, one of the largest planned by a new-age internet company

Amazon's marketing portal for merchants crashes, disrupting Prime Day Sale

This year's Prime Day sale, a two-day discounting spree, got off to a fast start Tuesday with sales up almost 12 per cent in the first seven hours

Amazon Prime Day event starts, sales up 12% in first 7 hours: Report

The average household spent about $100 on Prime Day purchases as of noon New York time, according to Numerator, which tracked more than 2,000 orders from more than 1,200 households

Amazon Web Services, Tamil Nadu hub join hands for AI startup programme

Programme will enable startups to collaborate with the industry to build public sector-focused solutions using generative AI

Defining success

Amazon@30 has lessons for startup ecosystem

Amazon Prime Day 2024 India: All about amazing deals and discounts

Amazon has declared its 8th edition of Prime Day offering amazing savings on top brands across different categories. It is set to go live on July 20th at 12:00 am to July 20th 11:59 pm

Tens of thousands of small biz gear up to offer Prime Day deals: Amazon

The owners of small firms would offer deals on lakhs of products to customers across various categories such as home and kitchen, fashion and grooming on the e-commerce website

Made to stand for 10 hrs: Amazon India staff alleges inhuman work practices

Workplace exploitation: In a survey conducted by UNI Global Union, as many as 1,838 Amazon employees reported dire working conditions at its facilities in India

Only 21% Amazon workers in India say work environment is safe: Report

Ecommerce firm denies UNI Global Union's survey that claimed company sets difficult targets for warehouse workers and drivers

Microsoft in $22 mn deal to settle cloud complaint, ward off regulators

Microsoft ranks behind market leader Amazon in the multibillion-dollar cloud computing sector but ahead of Alphabet's Google

World wars in Retailville

As Amazon turns 30, Clash is a timely book that explores the fierce rivalry between retail giants Amazon and Walmart, and examines their impact on the retail landscape and customers