Page 36 - Amazon

How to play the artificial intelligence theme in markets the Chris Wood way

That said, Chris Wood believes that the 'picks and shovels theme' for AI remains the most compelling story for now, which is why Nvidia remains his core holding despite valuation at 41x sales.

Amazon's cloud business slows as companies pull back on service, cut costs

When the pandemic hit three years ago, Amazon was one of the few businesses that thrived. Customers flocked to the online commerce site amid global lockdowns. But even when those lockdowns eventually lifted and Amazon's sales slowed as people returned to stores, the company could still count on its massive cash cow: Amazon Web Services. Now even the lucrative cloud services business is feeling pressure. Companies are trimming their expenses amid concerns about high inflation and fears that a recession might be around the corner. And many of them are being more cautious about their cloud costs, leading to a slowdown in one of Amazon's profitable businesses. The tech giant's first quarter earnings report showed its cloud unit generated USD 21.4 billion and was growing at 16 per cent in the first three months of this year much slower than the 37 per cent growth rate a year prior. It is under those circumstances that AWS will host its two-day security-focused cloud conference starti

End of season sales party arrives early for Indians this year, here's why

Usually, the EOSS starts at the end of June, and companies aim to clear their stock before fresh stock hits the shelves, but this year, the companies have started discounting early

Netflix, Amazon, Disney-backed group protests India's tobacco rules: Report

As part of India's anti-tobacco drive, the health ministry last month ordered streaming platforms to insert static health warnings during smoking scenes within three months

Amazon signs pact with ICAR to empower farmers enrolled under Kisan store

E-commerce firm Amazon India on Friday signed an agreement with the government's premier agri-research body ICAR to guide farmers enrolled on its 'Kisan store' on scientific cultivation of different crops and help them achieve optimum yield and income. A 'Kisan store' section was launched on the Amazon platform in September 2021. Farmers can avail doorstep delivery of agri input products via Kisan store through assisted shopping at Amazon Easy stores. The outcomes from a pilot project at Pune between Indian Council of Agricultural Research (ICAR)-Krishi Vigyan Kendra and Amazon India has motivated to further expand the partnership, the company said in a statement. On behalf of ICAR, U S Gautam, Deputy Director General (Agricultural Extension), and Siddharth Tata, Product Leader, Amazon Fresh Supply Chain and Kisan, signed the Memorandum of Understanding (MoU). "ICAR will collaborate with Amazon for technologies, capacity building and transfer of new knowledge," ICAR Director Genera

Amazon plans advertising tier for Prime Video streaming service: Report

The streaming industry has been facing a slowdown in new sign-ups as subscribers pull back on discretionary spending amid challenging economic conditions

Growing beyond years: From 100 to 1.2 mn sellers, Amazon turns 10 in India

Since 2013, when its India e-commerce operations first started, Amazon has invested over $6.5 billion

Amazon to waive off seller fee by 10% to celebrate its 10 years in India

Amazon noted in a blog post that the company's goal from the start was to digitise all businesses in order to offer the largest choice of things while leveraging technology

Amazon in talks with Verizon, others for low-cost mobile services

The discussions, which have been going on for six to eight weeks, have also included AT&T Inc at times, the report said, citing people familiar with the matter

Amazon's India, South Asia cloud unit head Puneet Chandok resigns

NEW DELHI (Reuters) -The India and South Asia head of Amazon.com Inc's cloud division, Puneet Chandok, has resigned with effect from August 31, the company said on Friday.

Hundreds of Amazon employees stage walkout of HQ over return to work policy

Hundreds of Amazon employees staged a walkout at the company's headquarters in Seattle over the company's return-to-work policy and its lack of progress on climate change initiatives

Amazon to pay $31 mn in privacy violation penalties for Alexa, Ring camera

Amazon agreed Wednesday to pay a USD 25 million civil penalty to settle Federal Trade Commission allegations it violated a child privacy law and deceived parents by keeping for years kids' voice and location data recorded by its popular Alexa voice assistant. Separately, the company agreed to pay USD 5.8 million in customer refunds for alleged privacy violations involving its doorbell camera Ring. The Alexa-related action orders Amazon to overhaul its data deletion practices and impose stricter, more transparent privacy measures. It also obliges the tech giant to delete certain data collected by its internet-connected digital assistant, which people use for everything from checking the weather to playing games and queueing up music. Amazon's history of misleading parents, keeping children's recordings indefinitely, and flouting parents' deletion requests violated COPPA (the Child Online Privacy Protection Act) and sacrificed privacy for profits, Samuel Levine, the FCT consumer ...

Amazon Ring to pay $5.8 mn over unlawfully accessing consumer videos

California-based Ring, which was purchased by Amazon in February 2018, sells internet-connected, video-enabled home security cameras, doorbells, and related accessories and services

Amazon fined $25 mn for violating children's privacy law, deceiving parents

Amazon will be required to delete inactive child accounts and certain voice recordings and geolocation information and will be prohibited from using such data to train its algorithms

Amazon now part of India's social fabric: Country Manager Manish Tiwary

'No change in intent to experiment with right framework or interest to invest in India', he says

Amazon workers upset over job cuts, return-to-office mandate stage walkout

A group of Amazon workers upset about recent layoffs, a return-to-office mandate and the company's environmental impact is planning a walkout at the company's Seattle headquarters Wednesday. The lunchtime protest comes a week after Amazon's annual shareholder meeting and a month after a policy took effect requiring workers to return to the office three days per week. We respect our employees' rights to express their opinions, the company said in a statement. As of Tuesday night, more than 1,800 employees had pledged to walk out around the world, with about 870 in Seattle, according to Amazon Employees for Climate Justice, a climate change advocacy group founded by Amazon workers. While some plan to gather at the Amazon Spheres a four-story structure in downtown Seattle that from the outside looks like three connected glass orbs others will participate remotely. Brad Glasser, an Amazon spokesperson, said there has been a good energy on the company's South Lake Union campus and at

Bezos prepares prenuptial pact with Sanchez to protect his $138 bn fortune

Bezos holds a broad real estate portfolio valued at over $500 million, with properties in Beverly Hills, Manhattan, and Washington DC

Amazon UK trains virtual assistant 'Alexa' to offer advice on periods

When information about periods is requested, Alexa will also answer using information from the UK National Health Service (NHS) website

Amazon announces 5G revolution sale on smartphones: Check deals and offers

Amazon said its Prime customers can unlock special offers and avail no-interest EMI scheme for up to 24 months. The sale is currently live and it will continue till the end of the month, May 31

Amazon leads $20 mn funding round in children's fashion brand Hopscotch

Start-up says it will use the money for marketing, broaden its selection, get more customers