Amazon is considering shifting its payments offerings in India into a standalone app, three sources familiar with the matter told TechCrunch, as the e-commerce giant aims to boost usage of Amazon Pay in the country. Amazon Pay is currently housed within the company’s primary e-commerce app in India, and lets users transfer money to individuals […]
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Amazon loses money on Echo smart speakers. It’s been an open secret for the duration of Alexa’s existence. It’s the product of the kind of loss leader strategy only a company of Amazon’s size can get away with for a decade. Selling hardware at a loss can be an effective strategy, of course. Think about
As Alexa turns 10, Amazon looks to generative AI Read More »
OpenAI co-founder John Schulman has left the company for rival AI startup Anthropic. In addition, OpenAI co-founder and president Greg Brockman is taking an extended leave after nine years at the company to “relax and recharge.” Schulman said his decision stemmed from a desire to deepen his focus on AI alignment — the science of
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About two years ago, a VC firm was evaluating an investment in a quick-commerce startup in India. The company’s instant delivery model was showing signs of success in the South Asian market, even as many startups in the space were struggling in developed markets. But the firm was wary: Could Amazon swoop in and dominate
Amazon is fumbling in India Read More »
Amazon has released an upgraded version of its in-house image-generating model, Titan Image Generator, for AWS customers using its Bedrock generative AI platform. Simply called Titan Image Generator v2, the new model brings with it several new capabilities, AWS principal developer advocate Channy Yun explains in a blog post. Users can “guide” the images they
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Amazon’s Prime Day event clocked record sales this year, as U.S. consumers spent $14.2 billion across July 16 and 17, according to Adobe Analytics. This marks an 11% jump from last year’s $12.7 billion total. Buyers spent $7.2 billion on day one of the 2024 online event, up 11.2% from a year prior. Adobe Analytics
Amazon Prime Day 2024 sales hit record $14.2 billion Read More »
Consumer spend in the U.S. for the first day of Amazon Prime Day recorded 11.7% year-on-year growth according to data by Adobe Analytics. This year, Amazon is holding its Prime Day event this week across many regions. Adobe’s report noted that consumers spent $7.2 billion on the first day as compared to $6.4 billion on
US buyers spent $7.2B on the first day of Amazon’s Prime Day sales event Read More »
Amazon has released an all-new version of its Echo Spot ahead of Prime Day, the company announced on Monday. The 2024 version of the Alexa-enabled smart alarm clock costs $79.99, but is currently on sale for $44.99 for Prime members. The company says the latest iteration of the product comes with better visuals and improved
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As deep-pocketed companies like Amazon, Google and Walmart invest in and experiment with drone delivery, a phenomenon reflective of this modern era has emerged. Drones, carrying snacks and other sundries, are being shot out of the sky. Incidents are still rare. However, a recent arrest in Florida, in which a man allegedly shot down a
What happens if you shoot down a delivery drone? Read More »
Adept, a startup developing AI-powered “agents” to complete various software-based tasks, has agreed to license its tech to Amazon as the startup’s co-founders and portions of its team join the ecommerce giant. Geekwire’s Taylor Soper first reported the news. According to Soper, Adept co-founder and CEO David Luan will join Amazon, along with Adept co-founders
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