Page 3 - Amazon

Amazon cuts jobs in AGI unit as it sharpens focus on key AI projects

The layoffs come as Amazon reorganises its Artificial General Intelligence (AGI) business, consolidating teams and redirecting resources towards projects with the greatest customer impact

Jeff Bezos pushes Prime Video redesign focused on artificial intelligence

The Prime Video initiative grew out of an internal presentation the streaming service's executives made to Bezos last autumn that turned contentious

US Senate panel investigates Amazon over alleged Chinese influence

A US Senate Small Business Committee investigation is examining whether Amazon allowed Chinese influence over its online marketplace, adding to the company's mounting regulatory challenges

Amazon India's Prime Day gets faster as smaller cities drive growth

Amazon India said one in two Prime Day items were delivered within minutes in Amazon Now cities, while over 70 per cent of new Prime memberships came from Tier-2 and Tier-3 markets

Customers using AI tools 3 times more likely to buy: Amazon's Kishore Thota

Amazon says customers using its generative AI-powered shopping tools are three times more likely to make purchases, with adoption in India rising sharply year-on-year

Amazon Seller Services leases 417K sq ft warehouse in MMR's Bhiwandi

Amazon Seller Services has leased a 417K sq ft warehouse in Bhiwandi for nine years at a monthly rent of ₹1.26 crore, with annual rent escalation of 5 per cent

Amazon leases 4.2 lakh sq ft warehouse in Bhiwandi for Rs 1.26 crore/month

Amazon Seller Services Private Limited has leased a 417,248 sq. ft. warehouse in Bhiwandi, Thane from Ecobox Industrials Asset V Private Limited under a 9-year agreement.

Amazon's new bonds sale draws muted demand as AI debt floods market

Order book settled at about 1.6 times the deal size, below this year's average for US investment-grade bonds, as AI-related debt issuance continues to surge

Look into Amazon, Flipkart qcom ops, distributors urge commerce ministry

AICPDF has urged the Centre to examine whether Amazon and Flipkart's quick commerce models comply with FDI rules and their impact on India's retail ecosystem

Look into Amazon, Flipkart qcom ops, distributors urge commerce ministry

The All India Consumer Products Distributors Federation has sought a review of whether Amazon and Flipkart can legally operate inventory-led quick commerce models under the existing FDI policy

Amazon seeks to raise at least $25 billion from US dollar bond sale

The size of the offering could increase depending on investor demand, according to people familiar with the matter, who cautioned that no final decision has been made

Why quick commerce has become a battle no retailer can afford to lose

Quick commerce has moved beyond emergency groceries, forcing Amazon and other retailers to fight to become the first app consumers open whenever they need to buy something

Amazon Data Services pre-leases 4 acres in Mumbai for data centre expansion

Amazon Data Services has pre-leased 4 acres in Mumbai's Powai from Larsen & Toubro for its data centre expansion, with a rental commitment of over ₹650 crore across nearly 18 years

Amazon India legal chief steps up fight against fakes and AI-enabled scams

As Amazon commits $48 billion to India through 2030, legal chief Rakesh Mohan Bakshi says combating counterfeiting and AI-enabled fraud has become central to the company's strategy

Amazon to act against India delivery partner after fire probe concludes

A fire at M&M Logistics Solutions, an Amazon delivery partner in the northern state of Uttarakhand, killed two people on June 5

Quick-commerce battle: Why Amazon & Flipkart are chasing tier-2 cities

India’s quick-commerce battle is intensifying as Amazon Now and Flipkart Minutes scale up their operations beyond metro cities. Amazon plans to take Amazon Now to over 300 cities

Amazon investment in India hits $48 billion with $13 billion fresh bet

Announcement comes after CEO Jassy meets PM

Amazon CEO Andy Jassy visits India as quick-commerce battle heats up

The company plans to expand Amazon Now to more than 300 cities as rivals Blinkit, Zepto, Instamart and Flipkart race to build larger fulfilment networks

ArcelorMittal ties with Amazon Web Services to automate global operations

ArcelorMittal on Monday said it has partnered with Amazon Web Services (AWS) to automate its global operations through the US tech major's cloud and AI capabilities. "The collaboration brings AWS cloud and AI capabilities directly to ArcelorMittal's manufacturing processes, providing opportunities for further optimisation and improvement of safety, asset reliability and energy efficiency," the steel major, which also has a presence in India, said in a statement. The company said it will converge some of its operational technology (OT) and information technology (IT) on AWS infrastructure, designed for security and scale, extending cloud and AI to the edge of its production environments. Using AWS services across industrial IoT, real-time sensor data and machine learning, the company will deploy AI at the point of production, enabling predictive maintenance, computer-vision quality control, process optimisation and digital twins of its physical assets and production lines. Further,

SpaceX overtakes Amazon in value to become 5th largest stock in world

At the stock's intraday high, the market value of Elon Musk's rocket and AI company topped Microsoft Corp. to briefly become the world's fourth-largest stock