Even as quick commerce startups are retreating, consolidating or shutting down in many parts of the world, the model is showing encouraging signs in India. Consumers in urban cities are embracing the convenience of having groceries delivered to their doorstep in just 10 minutes. The companies making those deliveries — Blinkit, Zepto and Swiggy’s Instamart […]
Can quick commerce leapfrog e-commerce in India? Read More »
Amazon says that it will commit up to $230 million to startups building generative AI-powered applications. The investment, roughly $80 million of which will fund Amazon’s second AWS Generative AI Accelerator program, aims to position AWS as an attractive cloud infrastructure choice for startups developing generative AI models to power their products, apps and services.
Amazon says it’ll spend $230 million on generative AI startups Read More »
E-commerce behemoth Amazon recently reached a wide-ranging settlement with the U.K. competition watchdog over how it uses Marketplace sellers’ data, with commitments to more transparent and fair practices going forward. But Amazon is not out of hot water over these issues just yet. On Thursday, the British Independent Retailers Association, which has thousands of members,
UK retailers file a £1.1B collective action against Amazon over claims of data misuse Read More »
Amazon has agreed to acquire Indian video streaming service MX Player from the local media powerhouse Times Internet, the latest step by the e-commerce giant to make its services and brand popular in smaller cities and towns in the key overseas market. The two firms reached a definitive agreement for the deal on Wednesday evening,
Amazon buys Indian video streaming service MX Player Read More »
Amazon has received approval from the U.S. Federal Aviation Administration (FAA) to fly its delivery drones longer distances, the company announced on Thursday. Amazon says it can now expand its Prime Air service, which uses delivery drones to fly individual packages, to more customers. The FAA requires that operators maintain a line of sight to
Amazon gets FAA approval to expand US drone deliveries Read More »
Amazon is rolling out an AI-powered search feature to Fire TV that would enable Alexa to answer open-ended questions about TV shows and movies, and deliver more specific recommendations tailored to users’ preferences. Announced at Amazon’s annual devices event last September, the feature is powered by a proprietary large language model (LLM). The AI understands
Amazon is rolling out AI voice search to Fire TV devices Read More »
Scale AI, which provides data-labeling services to companies that want to train machine learning models, has raised a $1 billion Series F round from a slew of big-name institutional and corporate investors that include Amazon and Meta. The fundraise is a mix of primary and secondary funding, and is the latest in a slew of
Data-labeling startup Scale AI raises $1B as valuation doubles to $13.8B Read More »
Amazon Web Services (AWS), Amazon’s cloud computing business, has confirmed further details of its European “sovereign cloud,” which is designed to enable greater data residency across the region. The company said that the first AWS sovereign cloud region will be set up in the German state of Brandenburg, and will go live by the end
Adam Selipsky is stepping down from his role as CEO of AWS, Amazon has confirmed to TechCrunch. In a memo shared internally by Amazon CEO Andy Jassy and published this morning to the company’s blog, Jassy said that AWS sales chief Matt Garman will be promoted to CEO. Garman previously headed AWS’ EC2 cloud computing
AWS CEO Adam Selipsky steps down Read More »
Meesho, a leading e-commerce startup in India with about 150 million transacting users, has secured $275 million in a new funding round, the company disclosed in a securities filing. The new funding is part of a larger financing round that is likely to include secondary transactions and balloon to over $500 million, people familiar with
Meesho, an Indian social commerce platform with 150M transacting users, raises $275M Read More »
