AMAZON BUSINESS

Amazon counts on 'grit and innovation' to meet AI surge

The AI revolution is upon us with companies around the world looking to jump headfirst into the technology made famous by ChatGPT. To satisfy their generative AI urge, firms need to secure state-of-the-art software and ramp up computing power, which quickly brings them knocking on the doors of the globe's cloud computing giants, of which Amazon's AWS is the biggest.

15 places to buy Amazon liquidation pallets in the USA

Discover reputable companies offering Amazon liquidation pallets with a wide range of products at competitive rates. From electronics to household essentials, these top 15 companies provide quality goods for wholesalers, retailers, and bargain hunters.

Amazon to wind down its Astro for Business security robot

Amazon discontinues Astro for Business, offers $300 credit for replacements. Customers refunded for pre-paid fees as robot stops on Sept. 25. Reported by Harshita Mary Varghese and Juby Babu in Mexico City.

Bezos to sell $5 billion of Amazon as shares hit record high

Bezos would still hold nearly 912 million shares, or about 8.8% of Amazon, following the latest sale. He’s the world’s second-richest person with a net worth of $221.6 billion, according to Bloomberg’s wealth index, and also owns space-exploration company Blue Origin and the Washington Post.

Amazon Prime Day 2024 - Here's everything you need to know

Amazon Prime Day 2024 promises to be a shopping extravaganza, offering Prime members unparalleled access to discounts, new product launches, and more. This annual event, known for its blockbuster deals across various categories, is set to deliver exceptional savings and excitement over two days. Whether looking for tech gadgets, home essentials, fashion must-haves, or entertainment upgrades, Prime Day is the ideal time to snag incredible bargains and explore the latest innovations.

Amazon lures cofounders from startup Adept to bolster AI efforts

Collaborating with Rohit Prasad, I contribute to Amazon's AI advancements under CEO Andy Jassy's leadership. The tech industry closely watches as companies like Amazon and Microsoft invest heavily in AI technology, facing regulatory scrutiny. Amazon's strategic hires and focus on integrating generative AI into Alexa showcase its commitment to enhancing AI capabilities and competing with industry leaders.

Amazon Pay India top up; GST summons for egaming firms

Amazon has pumped Rs 600 crore in its local fintech unit Amazon Pay India. This and more today’s ETtech Top 5.

Amazon tops up India payments business with Rs 600 crore

Amazon Pay India intensified competition with Paytm, PhonePe, and Google Pay, receiving a capital infusion of Rs 600 crore. The company invested Rs 950 crore in the platform and Amazon Seller Services, facing challenges due to RBI actions. With tie-ups for various services, Amazon Pay India reported significant operational revenue and narrowed net losses.

Amazon cloud giant AWS wants public sector to embrace AI

Amazon's AWS, the world's biggest cloud computing outfit, is making a major push to entice the public sector to join the artificial intelligence revolution, as the generative AI race with Microsoft and Google heats up. The scramble for public sector adoption of generative AI comes as Microsoft's cloud business as well as Google Cloud are trying to bite into AWS' leadership of the market.

Amazon crosses $2 trillion in stock market value for the first time

Amazon.com Inc. crosses $2 trillion market value, influenced by AI applications and investments in AWS growth, Anthropic, and business-focused AI products like AI models and chatbot Q.

Amazon to invest extra 10 billion euros in Germany

Amazon said Wednesday it will invest an additional 10 billion euros ($10.7 billion) in Germany, most of it in cloud computing, the US tech giant's latest major investment in Europe. A total of 8.8 billion euros will come from Amazon's cloud computing division AWS and will be invested in southwest Germany by 2026, with the rest going into logistics, robotics and company offices.

SAP aims to double embedded AI use cases to 100 by year-end: SAP CEO

Klein was speaking at SAP’s annual conference Sapphire, where the company unveiled generative AI innovations and partnerships. Klein was speaking at SAP’s annual conference Sapphire, where the company unveiled generative AI innovations and partnerships.

Enso Group, MD, Vaibhav Maloo emphasizes the importance of getting more skilled for exceptional business success.

Amazon in talks with Italy to invest billions in cloud plan

Amazon's AWS in talks with Italy to invest billions in expanding data centre business, boosting cloud offer in Europe.

Alphabet CEO Sundar Pichai says secret to cracking Google interview lies in this 2009 Bollywood blockbuster!

During a podcast hosted by YouTuber Varun Mayya, Pichai was questioned about his awareness of the a tutoring industry dedicated to assisting individuals in impressing recruiters at FAANG companies. He was also asked if he was open to sharing insights on cracking challenging interviews.

Draft digital competition bill will make business untenable: IAMAI

Ex-ante regimes tell businesses precisely how to behave, or what to do. Under the current ex-post regime of the Competition Act, companies are only required to ensure that their conduct in the market is not anti-competitive. An overlapping ex-ante regime proposed under the digital competition Bill will force tech companies to comply with parallel legislation and undertake measures for additional compliance, the IAMAI said.

Amazon announces fourth season of Propel for startups; aims to launch 50 Indian startups in global markets in 2024

The program brings together key stakeholders like VC partners, revenue-based financing partners, cross-border logistics & payments players and Amazon leaders to provide guidance and mentorship to Indian startups.

Amazon replaces cloud unit chief Adam Selipsky with veteran Matt Garman

Senior Vice President Matt Garman will take on Selipsky's role at AWS, effective June 3, the firm said.

How Amazon Smbhav Venture Fund is funding small businesses with a digital-first focus

The fund’s portfolio includes investments across industries like consumer brands, healthcare and financial services; it has invested in brands such as Acko, Cashify, Fitterfly, Axio and M1xchange.

Tech giants start to treat SE Asia like next big thing

Southeast Asia transforms into a tech hub, attracting major investments from global tech giants like Apple and Microsoft. The region's young population drives growth in video streaming, online shopping, and AI, positioning it as a key player in the tech industry.

5 Cash Counting Machines for efficient cash management

Managing cash efficiently is crucial for businesses of all sizes. To streamline this process and ensure accuracy, cash counting machines have become essential tools. Explore 8 top cash counting machines that offer advanced features such as high-speed counting, counterfeit detection, and convenient batch sorting.

Agritech startup Superplum raises $15 million from investors to expand fresh fruits business

Superplum has built a direct-from-farm produce supply chain, using proprietary technology and cold-chain infrastructure to fundamentally improve how produce is grown and brought to market.

Government push to help ONDC get shopfront on ecommerce sites

The Centre has asked Amazon and Flipkart to set up Open Network for Digital Commerce (ONDC) storefronts on their home pages to help the government-backed network scale up operations and assist with deliveries, said executives aware of the development. The aim is to boost operations and order efficiencies as well as iron out glitches and delays on ONDC, they said.