Page 27 - Amazon

Jeff Bezos sells $4 bn of Amazon shares, cashes in on Amazon rally

Amazon shares were up 13% this year through Monday's close, the last day on which Bezos sold shares, according to a filing. They slipped 2.2% to $168.64 on Tuesday

Amazon Prime Videos ends Dolby Vision, Atmos support on basic plans in US

Ad-supported standard subscription in the US is now restricted to HDR10+ and Dolby 5.1 output, and Dolby Vision and Atmos available with ad-free subscriptions plans

AI frenzy puts Nvidia briefly ahead of Amazon in market value: Report

The last time Nvidia was more valuable than Amazon was in 2002, when they were each worth under $6 billion

Jeff Bezos sells roughly 12 million shares of Amazon worth $2 billion

The sale plan, which is subject to certain conditions, was adopted on Nov. 8, 2023, and would be completed by Jan. 31, 2025, according to the company's latest annual report

CAIT approaches CCI against Flipkart, Amazon for anti-competitive practices

CAIT writes to CCI seeking the urgent resolution of the longstanding Delhi Vyapar Mahasangh case involving alleged anti-competitive practices of Flipkart and Amazon

Microsoft, Amazon-backed trade body CISPE in talks over EU dispute

A representative for Microsoft said the company continues 'to work constructively with CISPE to resolve concerns raised by European cloud providers'

A 23-year-old US man buys foldable home from Amazon, watch video here

A US man bought a foldable home from Amazon costing $26,000. Jeffrey Bryant shared a video which is viral on TikTok and was also shared on Twitter

Amazon stock soars as AI and retail strength power revenue growth

The company joined Microsoft and other tech firms in starting to see results benefiting from their heavy AI investments, while also outlining more spending in 2024 to develop the much-hyped tech

Meta, Amazon job cuts in 2023, belt-tightening pay off for investors

The question now becomes whether leaner, more focused versions of Meta and Amazon can continue to strive for the bold and ambitious tech advancements that have made them household names

Reliance Industries most valuable Indian company: Hurun Global 500 2023

The two companies that saw the highest valuation gain were Microsoft and Nvidia. Both of these are associated with the artificial intelligence software ChatGPT

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