Page 28 - Amazon

Amazon's 'just walk out' checkout tech was powered by 1,000 Indian workers

As many as 1,000 workers in India were required to review what the customers picked up, and ultimately walked out with from Amazon's Just Walk Out-enabled stores

Jeff Bezos buys third mansion for $90 mn in Florida's 'Billionaire Bunker'

This is the Amazon founder's third real estate purchase in the 'world's most exclusive municipality'

Amazon web services slashes hundreds of jobs as part of cost-cutting drive

Sales growth at AWS, the largest seller of rented computing power and data storage, slowed to a record low last year as corporate customers cut spending and delayed technology modernization projects

UP extremely important, one of fastest-growing markets for Amazon: Srikanth

Terming Uttar Pradesh as an "extremely important" and "one of the fastest-growing markets" for Amazon.in, a senior company official said 2023 witnessed healthy double digit growth, and that momentum has continued this year, too. "In Uttar Pradesh, we are delivering across all districts and all serviceable pin codes. In 2023, we saw more than 25 per cent growth year-on-year, and that momentum has continued in 2024 as well," K N Srikanth, Director, Home, Kitchen and Outdoors, Amazon India, told PTI. "In the first three months (of 2024), we have seen more than 25 per cent growth year-on-year on a large base. So it's a very important and large market for us," he said. "Lakhs of our customers, and more than 1.6 lakh sellers are based out of Uttar Pradesh," K N Srikanth, who was in Lucknow on Tuesday to attend a daylong event to "celebrate the success of Amazon in the region", said. "Hence you will also see that we have large fulfilment centres here to store products from sellers, and sh

Amazon offers free credits for startups to use AI models like Anthropic

Amazon said it has offered over $6 billion in credits to startups in the past decade

Dell Laptops continues to be India's most trusted brand, says report

The technology company was followed by auto company Honda and e-commerce giant Amazon

No better country than India for tech firms: Amazon's Manish Tiwary

India is second-largest market for e-commerce major in terms of number of employees, only behind the US. Amazon is doubling down on its job creation efforts in the country

Amazon bets $150 billion on data centers required for AI boom: Report

The spending spree is a show of force as the company looks to maintain its grip on the cloud services market, where it holds about twice the share of No. 2 player Microsoft Corp.

Amazon pours additional $2.75 bn into Anthropic, total investment at $4 bn

Amazon said on Wednesday it is pouring an additional USD 2.75 billion into Anthropic, bringing its total investment in the artificial intelligence startup to USD 4 billion. Amazon will maintain a minority stake in San Francisco-based Anthropic, a rival of ChatGPT maker OpenAI. Generative AI is poised to be the most transformational technology of our time, and we believe our strategic collaboration with Anthropic will further improve our customers' experiences, and look forward to what's next, said Swami Sivasubramanian, vice president of data and AI at AWS, Amazon's cloud computing subsidiary. The Seattle-based tech giant made an initial investment of USD 1.25 billion in Anthropic in September and indicated then it had plans to invest up to USD 4 billion. The two companies are collaborating to develop so-called foundation models, which underpin the generative AI systems that have captured global attention. Under the deal, Anthropic will use AWS as its primary cloud provider and us

69% Indian shoppers prefer deliveries with minimal packaging: Amazon study

Globally since 2015, Amazon has reduced the weight of outbound packaging per shipment by 41 per cent on average and eliminated over 2 million tons of packaging material

French, Brazilian presidents meet, announce $1.1 bn investment for Amazon

The Brazilian and the French presidents on Tuesday announced a plan to invest 1 billion euros (USD 1.1 billion) in the Amazon, including parts of the rainforest in neighbouring French Guiana. The two countries' governments said in a joint-statement the money will be spread over the next four years to protect the rainforest. It will be a collaboration of state-run Brazilian banks and France's investment agency. Private resources will also be welcomed, Brazil and France said. French President Emmanuel Macron's and his Brazilian counterpart Luiz Incio Lula da Silva are meeting this week to revive the relationship between the countries after years of frictions with former President Jair Bolsonaro, deepen cooperation to protect the rainforest and boost trade. Macron started his three-day visit to Brazil in the Amazon city of Belem, where he met his long-time ally Lula. The French president then took a boat to the Combu island to meet with Indigenous leaders. Both Macron and Lula saw a .

Amazon invested $1.2 bn, hired 15,000 people in 2023 to tackle counterfeit

Online marketplace Amazon invested more than USD 1.2 billion and hired about 15,000 experts in 2023 to protect the brand, its sellers, and customers from fraud and counterfeit, according to the Amazon 2023 Brand Protection Report. Amazon said when a customer purchases from the store, they trust they will receive an authentic product, and when businesses choose to sell in the store, they trust Amazon to provide a great selling experience free from competition with bad actors. "In 2023, Amazon invested more than USD 1.2 billion and employed more than 15,000 people, including machine learning scientists, software developers, and expert investigators, who were dedicated to protecting customers, brands, selling partners, and our store from counterfeit, fraud, and other forms of abuse," it said. Amazon said it uses document forgery detection, advanced image and video verification, and other technologies to confirm the authenticity of government-issued identity documents quickly and whethe

Amazon Pay to ramp up Smart Store services partnership with top 20 brands

The company has launched 18,000 Smart Stores in the country since its inception in 2019

Amazon India revises seller fees for 2024 due to macroeconomic factors

Starting April 7, there will be changes in referral fee, closing fee and weight handling fee, besides other fee heads, for sellers on Amazon.in

As Big Tech scrambles to meet EU regulations, investigations seen as likely

The Digital Markets Act (DMA) is one of the most comprehensive regulatory actions to rein in so-called "Big Tech" and is expected to reshape the global technology industry after decades of unfettered

Samara, Amazon-backed More Retail stake sale gets lukewarm response

The joint venture was looking to raise funds at $2 bn valuation

With Microsoft ending support, Android apps will not work on Windows 11 PCs

Windows 11 users can no longer download and install Android apps on PCs through Windows Subsystem for Android service, but can access already installed apps until March 2025

Forced to change: Tech giants bow to global onslaught of regulations

Apple, Google, Meta operated unfettered for years. But new laws have compelled them to make major shifts to their businesses

Amazon offers night shift work opportunities to women at Haryana centre

Amazon India on Thursday announced the launch of Women in Night Shifts (WINS) at one of its large sort centres in Haryana. In addition to Amazon's existing initiatives, WINS is designed to provide a safe and supportive work environment for women, ensuring equal opportunities for both men and women to work in various shifts, and championing inclusivity for all, the company said. In some states in India, regulations prohibit the employment of women in night shifts in warehousing operations facilities primarily stemming from concerns about women's safety and wellbeing. Therefore, safety, security, and wellbeing take centre stage to enable the WINS initiative, the company said. Amazon India has engaged with state governments to advocate for equal work opportunities for all. The company has successfully enabled night shift operations for women at select sites in Tamil Nadu, Rajasthan, Gujarat, Maharashtra, Karnataka, Uttar Pradesh, Telangana, Punjab, and now, in Haryana. "We believe i

Amazon joins 29 other 'blue chip' cos in Dow Jones Industrial Average

Amazon.com Inc. is joining the ranks of one of Wall Street's oldest and most exclusive stock indexes: The Dow Jones Industrial Average. The e-commerce pioneer will officially take its position among the 30-company Dow before the open of trading Monday, replacing drugstore operator Walgreens Boots Alliance. S&P Dow Jones Indices opened the door to Amazon's inclusion in the Dow and Walgreens' exit to rebalance the index in light of a 3-for-1 stock split by another Dow company, Walmart. Seattle-based Amazon will share membership in the Dow with the likes of Apple, Boeing, JPMorgan Chase and Coca-Cola. WHAT IS THE DOW? It's a measure of 30 stocks of established, well-known companies. These stocks are sometimes known as blue chips, which are supposed to be on the steadier and safer side of Wall Street. WHAT'S IN THE DOW? Not just industrial companies like Caterpillar and Honeywell, despite the name. The roster has changed many times since the Dow began in May 1896 as the US economy