Page 26 - Amazon

Blue Origin, SpaceX, ULA picked for Pentagon rocket launch contracts

The US Space Force, which manages the launch procurement program, said Blue Origin received $5 million to provide an assessment of how it will meet the Pentagon's launch requirements

Samsung chief Lee discusses cooperation with Meta, Amazon & Qualcomm CEOs

Meta's Mark Zuckerberg invited Jay Y Lee to his home on Tuesday and their discussions spanned AI as well as virtual and augmented reality, Samsung said in a statement

Thousands of drivers file legal claims against Amazon for unpaid wages

Thousands of delivery drivers filed legal claims against Amazon on Tuesday, alleging the company's classification of them as independent contractors instead of employees has led to unpaid wages and other financial losses. Two law firms spearheading the action said about 15,860 Amazon Flex drivers have submitted arbitration claims with the American Arbitration Association, where 453 similar cases are already being litigated. Amazon's Flex program, which was founded in 2015, signs up drivers to deliver packages with their own cars and a special app. The company pitches the work as a flexible, part-time opportunity that allows people to earn extra income during the hours they choose. Most drivers earn $18-25 per hour, according to Amazon, though how much they get paid can depend on other factors, such as their location and how long it takes to complete deliveries. The arbitration claims submitted Tuesday were made by drivers in California, Illinois and Massachusetts, all of which have

Parent company Zomato set to infuse fresh capital of Rs 300 cr in Blinkit

With this latest investment, Zomato has invested a total of Rs 2,300 crore in Blinkit since acquiring the company in August 2022

Nvidia triggers speculations over possible Dow inclusion after stock split

The split, aimed at lowering per-share value to make it more affordable for employees and investors, increases the company's outstanding shares without changing the stock's valuation

'US regulators to open antitrust probe against Microsoft, OpenAI & Nvidia'

The US Department of Justice will take the lead in investigating Nvidia while the FTC will examine the conduct of OpenAI and Microsoft

Amazon expanding US drone service after regulator's nod to fly devices

Prime Air was slow to launch. A Bloomberg investigation in 2022 revealed that the program was beset by technical challenges, high turnover and safety concerns

Google, Amazon win EU court backing in Italian rule dispute: Report

Dispute between companies and Italian authorities centered on provisions adopted in 2020, 2021 mandating online service providers in Italy to sign up to register, submit various types of information

Retail giant Amazon adds Grubhub food delivery to its website, app in US

As part of the agreement, Amazon Prime members will continue to be eligible to avail a free Grubhub+ membership worth $120 a year, which includes free delivery on orders above $12

Google, Amazon, Apple lobby group opposes India's antitrust proposal

Top US lobby group urges India to rethink, fears business hit

AWS in talks with Italy to invest billions of euros in cloud plan: Report

AWS launched its first cloud region in Italy in 2020 as part of a plan to invest 2 billion euros ($2.2 billion) by 2029

Amazon lining up AI overhaul, paid plans for Alexa voice assistant: Report

A subscription to Alexa will not be included in the company's $139 Prime offering and Amazon is yet to nail down the price of the new services, the report said

Not halted any orders of Nvidia's advanced chip in market, says Amazon

The Project Ceiba transition was announced by the two firms in March when Nvidia unveiled the new Blackwell chips

Can global Big Tech companies afford to ignore the Indian market?

Those opposing the ex-ante legislation wanted the deadline for submitting responses, which was May 15, to be extended by two to six months. But the MCA has not agreed

Paramount holds talks with Amazon to expand partnership in media businesses

Paramount has also had discussions with Comcast Corp. about a streaming joint venture

Amazon Web Services launches GenAI service Bedrock in APAC Mumbai region

It will support customers across the country, including public sector organisations and companies in regulated industries

Ecommerce company Amazon infuses Rs 1,600 crore into India entity

Amazon's chief rival Flipkart recently raised nearly $600 million in fresh funds from its parent company, Walmart, and another investor

Amazon's AWS chief Selipsky to step down, veteran named successor

Adam Selipsky, 57 will leave the company on June 3 and will be replaced by Matt Garman, a senior vice president who has overseen sales and marketing at AWS

Investors 'most bullish' since Nov 2021 on rate cut expectations: Survey

The survey of global fund managers with $562 billion in asset under management found 82% expect the first rate cut by the Federal Reserve in the second half

Southeast Asia fast emerging as centre of gravity for tech industry

After decades of playing second fiddle to China and Japan, the region of about 675 million people is drawing more tech investment than ever