Page 32 - Amazon

US FTC sues Amazon in landmark antitrust lawsuit over marketplace

In complaint filed in federal court in Seattle Tuesday, the FTC and 17 states accused Amazon of engaging in a course of conduct to exclude rivals in online marketplace services and stifle competition

Amazon to invest $4 bn in AI startup Anthropic amid growing tech battle

Amazon is investing up to USD 4 billion in Anthropic and taking a minority stake in the artificial intelligence startup, the two companies said on Monday. The investment underscores how Big Tech companies are pouring money into AI as they race to capitalise on the opportunities that the latest generation of the technology is set to fuel. Amazon and Anthropic said the deal is part of a broader collaboration to develop so-called foundation models, which underpin the generative AI systems that have captured global attention. Foundation models, also known as large language models, are trained on vast pools of online information, like blog posts, digital books, scientific articles and pop songs to generate text, images and video that resemble human work. Under the agreement, Anthropic is making Amazon its primary cloud computing service and using the online retail giant's custom chips as part of work to train and deploy its generative AI systems. San Francisco-based Anthropic was found

81% intent on festival season e-shopping: Nielsen Media India study

The study also revealed that for 68 per cent of consumers, Amazon.in is the go-to online shopping destination

Amazon Great Festival sale starts soon, check dates, discounts and more

Amazon Great Indian Festival sale page is now live. The date of the festive sale is not officially announced yet. It is expected that the sale may begin on October 11, 2023

Generative AI-powered Alexa: What's new coming to Amazon's voice assistant

The Next generation Alexa will feature over 25 different character voices while holding a more personalized and natural conversation

Not acquiring Vodafone Idea: Verizon executive denies media reports

Denying that it was in discussions with Vodafone Idea with Verizon, Amazon, or Starlink, Vodafone Idea said that India is an important part of the company's growth plans

What to expect from Amazon's special launch event? Check key details below

Amazon is expected to unveil some of its latest products and software updates. The event will take place today at Amazon HQ2 in Arlington, Virginia

Amazon plans to hire 250,000 US workers for holiday shopping season

Its boost in hiring comes after it added 50 new fulfillment centers, delivery stations and same-day delivery in the US

Amazon develops version of cashierless technology for clothing stores

The retail and cloud-computing giant on Tuesday said the latest iteration of its Just Walk Out technology uses radio frequency identification, or RFID, tags to keep track of apparel

How to start a business with Amazon India? Here's the complete detail

Amazon is India's most visited e-commerce application, and one of the most liked selling platforms for sellers. Here's your guide to sell your product on Amazon India

Small plane crashes in Brazil's Amazon rainforest, killing all 14 on board

A small passenger plane crashed in Brazil's Amazon rainforest Saturday, killing all 14 people on board, Amazonas state Governor Wilson Lima announced. "I deeply regret the death of the 12 passengers and two crew members who were victims of the plane crash in Barcelos on Saturday," Lima said on X, formerly known as Twitter. The Embraer PT-SOG aircraft had taken off from Manaus, the Amazonas state capital and the biggest city in the Amazon, and was attempting to land in heavy rain when it crashed, local media reported. The passengers were Brazilian tourists on their way to fish, the reports said. Video footage posted by the Globo television network showed the plane lying on a muddy dirt track with the front part of the aircraft in green foliage. A couple of dozen people are seen standing nearby holding umbrellas. The Brazilian air force sent a team from Manaus to collect information and preserve any evidence that could be used for the investigation into the crash, an air force state

Xiaomi India launches Redmi Smart Fire TV 4K 43 in partnership with Amazon

Priced at Rs 24,999, the Redmi Smart Fire TV 4K 43 will be available on Mi online store and e-commerce platform Amazon India

E-com retailers may clock about Rs 90k cr during festive sales: Redseer

This is 18-20 per cent higher than last year and will be driven by about 140 million shoppers who are expected to be transacting online at least once during this festive month

AI 'ghost' staff: US lawmakers probe Amazon, Alphabet, Microsoft, Meta

Along with the established tech giants, the letter's recipients include the newer AI-focused firms OpenAI, Inflection AI, Scale AI and Anthropic

Amazon to expand logistics network with 'restocking shelves' at stores

Amazon on Tuesday announced that the service, which is currently in a pilot test, will be more broadly available later this year

HMD Global launches Nokia G42 5G budget smartphone in India: Price, specs

Powered by the Qualcomm Snapdragon 480 Plus 5G chipset, the Nokia G42 is offered in 6GB RAM and 128GB storage configuration. It will be available for purchase on Amazon India starting September 15

Meta's WhatsApp tests cross platform messaging in Android beta: Details

Meta owned messaging platform whatsapp is working to meet new European Union regulations. Users even without a whatsapp account will now be able to connect to users on whatsapp

Flipkart to generate over 1,00,000 jobs ahead of the festive season

The e-commerce firm is planning to deliver more than 40% of shipments during the festive event through our Kirana delivery programme

Amazon to make investment of $3 mn in nature-based projects in India

E-commerce major Amazon on Monday said it will make an initial investment of USD 3 million in nature-based projects in India. The allocation is part of the company's USD 15 million fund it has allocated for nature-based projects in Asia Pacific (APAC). "The first USD 3 million from the fund's APAC allocation will support nature-based projects in India. "For its first project, Amazon will be working with the Centre for Wildlife Studies (CWS) to support communities and conservation efforts in the Western Ghats, which is home to more than 30 per cent of all of India's wildlife species, including the world's largest population of wild Asiatic elephants and tigers," the company said in a statement. Amazon will provide USD 1 million to help CWS establish the "Wild Carbon" program, which will support 10,000 farmers in planting and maintaining one million fruit-bearing, timber and medicinal trees, according to the statement. "The Asia-Pacific region is home to vast forests and rich coasta

'Amazon excited about India, sees huge headroom for e-comm market growth'

E-commerce giant Amazon is "excited" about India market, charged by digitisation, economic growth and younger demographics, its country head Manish Tiwary has said asserting that the runway on e-commerce opportunity in the country "is huge" going forward. In an interview with PTI, Tiwary, who is the Country Manager Consumer Business at Amazon India, spoke about "a very clear calendar" for making business here profitable, and assured that the company is on track with its 2025 targets. Amazon, which recently marked its 10-year journey in India and has a 100 million-plus customer base, still considers it 'day zero' here, given a massive runaway for growth in this largely under-penetrated market. The company is committed to tapping the market potential and bringing new innovations to the fore, he said. Tiwary described India's e-commerce market as "exciting and attractive" and went on to say that "headroom is not a challenge for this industry, at least for the next few decades" so long