Page 26 - Amazon

Nvidia's Big Tech rivals put their own AI chips on the table: Report

The AI chip market is projected to more than double by 2027, to roughly $140 billion, according to the research firm Gartner

Amazon calls off bid to buy vacuum maker iRobot amid scrutiny in Europe, US

Amazon called off its proposed acquisition of robot vacuum maker iRobot on Monday as the deal faced antitrust scrutiny on both sides of the Atlantic, with the ecommerce giant blaming undue and disproportionate regulatory hurdles. The companies said in joint statement that they entered into a mutual agreement to terminate their announced acquisition agreement and expressed disappointment. Amazon's announced in 2022 that it would buy iRobot, maker of the circular-shaped Roomba vacuum, for $1.7 billion in cash. But the value of the deal fell 15% after iRobot incurred new debt. Amazon will pay the Bedford, Massachusetts-based company a previously agreed termination fee, which wasn't disclosed in the statement Monday. The same day, iRobot announced that it would now lay off about 31% of its staff and its CEO would depart. The European Commission, the European Union's executive arm and top antitrust enforcer, had informed Amazon last year of its preliminary view that the acquisition of t

Louis Vuitton's Bernard Arnault overtakes Elon Musk as world's richest man

At 11th rank globally, Mukesh Ambani, chairman and managing director, Reliance Industries, continued to be the richest Indian on the list

Lava, Qubo lead in customer ratings among Indian brands, says Techarc

Domestic smart electronics companies like Lava and Qubo are getting high ratings and are competing neck and neck with their global peers in terms of brand acceptance, market analysis firm Techarc said on Sunday. The firm conducted a study based on ratings received by 25 brands across 35 different product categories on e-commerce platforms Amazon and Flipkart in December. "In our analysis, we found that of the global counterparts of Lava including brands like Realme and Redmi, the average weighted rating of consumers on ecommerce platforms was 4.3. Against this Lava scored 4.2 which is just touching the industry benchmark," the report said. Techarc said that Lava scored a higher proportion of high ratings (4 and 5) at 90.2 per cent compared to the global brands which had 75.8 per cent of its consumer ratings scoring 4 or 5. The firm picked up Hero group firm Qubo for study in the Internet of Things category. Its 4.1 ratings surpassed the industry average of 4, however, the global ..

Amazon to ONGC, military veterans hired to lead corporate crack teams

Retired officers tasked with getting cybersecurity to operations units combat ready

Salesforce to lay off around 700 employees across company: Report

With this, Salesforce has become the fourth tech major to trim its workforce in 2024 after Google, Twitch and Amazon

Global warming, not El Nino was primary cause of Amazon drought: Report

Human-induced global warming, and not El Nio, was the primary driver of last year's severe drought in the Amazon that sent rivers to record lows, required deliveries of food and drinking water to hundreds of river communities and killed dozens of endangered dolphins, researchers said on Wednesday. Both climate change and El Nio contributed about equally to a reduction in rainfall. But higher global temperatures were the biggest reason for the drought, according to World Weather Attribution, an initiative that brings together climate scientists to rapidly analyze extreme events and their possible connections to climate change. The drought was agricultural, combining reduced rainfall with hotter conditions that evaporated moisture from plants and soil. It was that heat-driven evaporation that was critical in the drought's severity, said study co-author Friederike Otto, a climate scientist at the Imperial College of London. What is now about a one-in-50-year event would have been much

France fines Amazon $35 mn for 'excessively intrusive' monitoring of staff

France's privacy watchdog said on Tuesday that it slapped Amazon's French warehouse business with a 32 million euro fine (USD 35 million) for using an excessively intrusive sytem to monitor worker performance and activity. The French Data Protection Authority, also known by its acronym CNIL, said the system allowed managers at Amazon France Logistique to track employees so closely that it resulted in multiple breaches of the European Union's stringent privacy rules, called the General Data Protection Regulation. We strongly disagree with the CNIL's conclusions, which are factually incorrect, and we reserve the right to file an appeal," Amazon said. "Warehouse management systems are industry standard and are necessary for ensuring the safety, quality and efficiency of operations and to track the storage of inventory and processing of packages on time and in line with customer expectations. The watchdog's investigation focused on Amazon employees' use of handheld barcode scanners to

CCPA issues notice to e-com platform Amazon for sale of 'Ram Mandir' prasad

As many as four such products, claiming to be prasad from the Ayodhya Ram Mandir, are up for sale on the platform

Amazon utilises water, air, rail for faster delivery of packages in India

Starting with one fulfillment centre in 2013, Amazon has also built a nationwide infrastructure and tied up with organisations like India Post and the Indian Railways

Republic Day Sale by Amazon and Flipkart live, discounts on top smartphones

Amazon Flipkart Republic Day sale is live in India. There are several products available at a huge discount. Here are the top 5 smartphone deals in the Republic Day sale

Flipkart eyes profitability ahead of IPO; looks to go public in 1 -2 years

Flipkart Internet, the marketplace arm of the e-commerce giant, recently reported a 42 per cent growth in operating revenue for FY23 at Rs 14,845 crore

After Google, Amazon announces job cuts; hundreds to get pink slips

The latest job cuts by Amazon will impact the employees of Prime Video and Amazon MGM Studios. The news coincided with Google's similar announcement to layoff employees on Wednesday

Amazon to lay off several hundred staff in Prime Video, studios divisions

The staff facing exit at Prime Video and Amazon MGM Studios in the Americas will be informed on Wednesday and in most other regions by the end of the week

Amazon's Twitch to cut 500 employees, 35% of staff amid concerns on losses

The new chief has struggled to stem losses, however. Twitch undertook two rounds of layoffs last year, cutting over 400 positions, part of wider job reductions at Amazon.

Amazon debuts video-streaming for its TV hardware that rivals Apple AirPlay

For years, Apple's AirPlay and Google's Cast have offered this capability, letting users enjoy video from their phones on a large TV screen

Amazon attacks EU privacy regulators, claims their aim was punishment

The ecommerce giant told a local court in Luxembourg - where the firm has its regional hub - that watchdogs went on the attack rather than seek an amicable solution

Billionaire space battle heats up as Jeff Bezos eyes SpaceX rival

'SpaceX likes to say they have a monopoly" in the launch market, Tory Bruno, ULA's chief executive officer, said in an October interview. "They don't.'

TikTok eyes $17.5 billion shopping business on Amazon's turf: Reports

The 2024 merchandise volume goal for the US version of TikTok Shop - which melds online entertainment with impulse buying - was discussed in internal meetings in recent weeks

Amazon's video ad push expected to generate extra $5 bn in revenue

Amazon's advertising business - mostly search and display ads on its web store - generated $12.1 billion in the quarter ended September 30, about 8.5% of total revenue