Amazon: News

Amazon is an American multinational conglomerate headquartered in Seattle, US. The company not only focuses on e-commerce but also offers digital streaming services (Prime Video), cloud computing, as well as artificial intelligence. It was founded in 1994 by Jeff Bezos and later went public in 1997. It started off by selling music and videos in 1998 as well as started acquiring online booksellers in Germany and the UK. In 2002, the company launched Amazon Web Services. It later introduced the Amazon Prime Video, Amazon Music, and also acquired IMDb and the Whole Foods Market. Amazon also produces consumer electronic products like Kindle e-reader, Fire TV and tablets, and Echo and Alexa devices.

23 Apr 2024

Xiaomi

Xiaomi launches earphones, vacuum cleaner, and garment steamer in India

Xiaomi, the Chinese electronics giant, has launched its newest truly wireless stereo (TWS) earphones, the Redmi Buds 5A, in India.

23 Apr 2024

California

Amazon discontinues Prime Air drone delivery service in California

Amazon has announced the cessation of its Prime Air drone delivery service in Lockeford, California.

Why Amazon's cashier-less tech sees slow growth despite third-party push

Amazon's groundbreaking 'Just Walk Out' technology is now operational in over 140 third-party locations across the US, UK, Australia, and Canada.

18 Apr 2024

Deepinder Goyal

Ex-Google, Amazon recruiters advise against LinkedIn's 'Open to Work' badge

Two former recruitment professionals from Google and Amazon have advised job seekers against using LinkedIn's "Open to Work" badge.

17 Apr 2024

Android

Amazon Music introduces AI-driven playlist feature, Maestro

Amazon Music has launched an innovative AI-driven playlist feature called Maestro.

17 Apr 2024

Amazon Prime Video

Amazon Prime Video battles catalog errors, affecting viewer engagement

Amazon Prime Video is experiencing a significant drop in viewership numbers due to persistent catalog errors, as per internal documents obtained by Business Insider.

16 Apr 2024

Reddit

Meet Wayne: The bad boss of US-based Amazon delivery drivers

Amazon delivery drivers in the US have turned to humor, as a means of expressing their dissatisfaction with demanding workloads.

12 Apr 2024

Google

Google parent Alphabet nears $2T mcap, driven by AI advancements

Alphabet, the parent company of Google, is nearing a market capitalization of $2 trillion.

11 Apr 2024

Amazon Web Services

Amazon ends bonus payments for Alexa developers

Amazon has announced the discontinuation of its paid incentives for Alexa developers, marking the end of the Alexa Developer Rewards Program.

08 Apr 2024

Samsung

Samsung Galaxy M55 5G, M15 5G go official in India

South Korean tech giant Samsung has officially launched its latest smartphones, the Galaxy M55 5G and Galaxy M15 5G, in the Indian market.

06 Apr 2024

Andy Jassy

Amazon launches 'Bazaar,' a budget-friendly fashion store in India

Amazon has discreetly launched a new store named "Bazaar" in India, aiming to cater to the demand for affordable yet stylish fashion and lifestyle products.

04 Apr 2024

Amazon Web Services

Amazon Web Services lays off hundreds of employees

Amazon Web Services (AWS), the global leader in cloud services, has confirmed the termination of several employees from its sales, marketing, and physical stores technology departments.

03 Apr 2024

Android

 iQOO 12 Desert Red Anniversary Edition debuts at ₹53,000 

iQOO, marking its fourth anniversary in India, has introduced the iQOO 12 Desert Red Anniversary Edition.

Amazon discontinues 'Just Walk Out' technology in US: Here's why

Amazon is discontinuing its innovative "Just Walk Out" technology in its Fresh grocery stores across the US, according to a report by The Information.

31 Mar 2024

Honor

HONOR launches MagicBook X14, X16 Pro laptops: Check specs, prices

HONOR has broadened its product range in India by launching two new laptops, the MagicBook X14 Pro 2024 and X16 Pro 2024.

29 Mar 2024

Android

Amazon's new app lets you register for palm-recognition service remotely

Amazon has launched a new application, Amazon One, that allows users to register for its palm recognition service remotely. Until now, customers needed to physically visit a location to register.

Why Amazon has pumped $2.75 billion into AI start-up Anthropic

In a significant development, Amazon has invested an additional $2.75 billion in San Francisco-based start-up Anthropic, known for its work in generative artificial intelligence.

27 Mar 2024

Poland

Polish watchdog fines Amazon $8 million for allegedly misleading customers

E-commerce giant, Amazon, has been handed a hefty fine of nearly $8 million by Poland's consumer protection agency, the UOKiK.

27 Mar 2024

Amazon India

Most Indian shoppers favor less packaging, Amazon survey finds

A recent study commissioned by e-commerce behemoth Amazon, reveals that a significant 69% of Indian shoppers prefer receiving their online purchases with less packaging.

26 Mar 2024

Business

Amazon poured $1.2 billion into anti-fraud measures in 2023

In a proactive move to shield its brand, sellers, and customers from fraudulent activities and counterfeit goods, e-commerce giant Amazon has invested over $1.2 billion in 2023.

23 Mar 2024

HP Laptops

HP OMEN Transcend 14 gaming laptop's pre-orders begin in India

HP's gaming-focused laptop, the OMEN Transcend 14, is now up for pre-order in India.

22 Mar 2024

Honor

HONOR Pad 9, with eight built-in speakers, launched in India

HONOR has launched its Pad 9, as its latest tablet in India, three months after its initial announcement in China.

19 Mar 2024

NVIDIA

NVIDIA unveils quantum-computing cloud service to take on Microsoft, AWS

NVIDIA has stepped into the quantum-computing cloud services arena with the debut of its new platform, NVIDIA Quantum Cloud.

17 Mar 2024

Lenovo

Lenovo Tab M11 launching soon in India: What to expect

Lenovo's budget-friendly tablet, the Tab M11, is poised to make its entry into the Indian market.

16 Mar 2024

Lava International

Amazon listing confirms key features of LAVA O2 smartphone

LAVA, a leading Indian smartphone manufacturer, has announced the imminent launch of its new model, the LAVA O2 in India.

15 Mar 2024

Technology

Master Kindle's 'highlights' for a better reading experience

Amazon's Kindle has transformed our reading habits by providing an extensive digital library that's easily accessible.

Amazon's AI tool lets sellers create product listing using URL

Amazon has announced a new generative artificial intelligence (AI) feature that allows sellers to create product pages by simply pasting a link from their external website.

06 Mar 2024

Startups

Amazon invests in robot-based recycling start-up to track packaging waste

Amazon is making strides in the recycling world by investing in Glacier, a San Francisco-based recycling robotics start-up, through its Climate Pledge Fund.

05 Mar 2024

Apple

Effects of EU's DMA on Amazon, Apple, Meta and more

The European Union has rolled out regulations under its Digital Markets Act (DMA), targeting six major tech companies.

02 Mar 2024

NVIDIA

NVIDIA surpasses Saudi Aramco, becomes 3rd largest company by m-cap

NVIDIA is now the third-largest company globally by market capitalization, valued at $2.056 trillion, surpassing Saudi Aramco which stands at $2.046 trillion.

01 Mar 2024

Walmart

Security flaws found in doorbell cameras sold on Amazon, Walmart

Doorbell cameras sold by major retailers like Amazon, Walmart, Shein, Sears, and Temu have been found to have security flaws, according to a recent investigation by Consumer Reports.

Amazon filled with AI-generated ripoffs of Kara Swisher's biography

Kara Swisher, a renowned tech journalist, recently released her memoir, Burn Book, and Amazon has now been flooded with AI-generated biographies about her.

25 Feb 2024

Motorola

Looking for affordable flip phone? Consider Moto RAZR 40

Motorola released the Moto RAZR 40 in June 2023. Currently among India's most budget-friendly flip smartphones, it is now retailing at Rs. 44,999.

24 Feb 2024

Jeff Bezos

Jeff Bezos, NVIDIA to back humanoid robot start-up Figure AI

Jeff Bezos and NVIDIA, along with several others, are investing in humanoid robot start-up Figure AI, reported Bloomberg.

21 Feb 2024

Flipkart

Amazon India's 'Bazaar' vertical to sell low-priced fashion, lifestyle products

Amazon is gearing up to make a splash in India's affordable fashion and lifestyle sector with the introduction of 'Amazon Bazaar,' which will target budget-conscious consumers

21 Feb 2024

Jeff Bezos

Jeff Bezos concludes 50M Amazon stock sale, nets $8.5B 

Jeff Bezos has sold another 14 million shares of Amazon worth around $2.4 billion. This latest sale wraps up his plan to sell 50 million shares.

19 Feb 2024

Sony

Sony Pictures launches OTT service on Prime Video in India

Sony Pictures has collaborated with Amazon's Prime Video India to introduce a specialized OTT platform for entertainment seekers.

17 Feb 2024

Spider-Man

Amazon scraps writers' room for Marvel series 'Silk: Spider Society'

Sony's Spider-Man Universe is evolving into a distinctive franchise.

16 Feb 2024

Jeff Bezos

Bezos sells $2B worth of Amazon shares in latest transaction

Amazon founder Jeff Bezos has sold around $2.03 billion worth of shares in the e-commerce giant over February 14-15.

15 Feb 2024

NVIDIA

After Amazon, NVIDIA now surpasses Alphabet in market capitalization

NVIDIA is now the fourth most valuable company in the world. With a market cap of $1.83 trillion, it has surpassed the value of Amazon ($1.77 trillion) and Google's parent Alphabet ($1.82 trillion).

14 Feb 2024

Jeff Bezos

Bezos sells $4B worth of Amazon stock in 4 days

Jeff Bezos, Amazon's founder, has sold 24 million shares, earning over $4 billion.

13 Feb 2024

NVIDIA

With $1.78T valuation, NVIDIA surpasses Amazon's market capitalization 

NVIDIA briefly surpassed Amazon in market value, reaching a whopping $1.78 trillion, on Monday (February 12).

13 Feb 2024

Amazon Prime Video

Amazon Prime Video drops Dolby Vision, Atmos for basic subscribers

Amazon Prime Video has announced that Dolby Vision HDR and Dolby Atmos surround sound are no longer part of the basic subscription.

08 Feb 2024

NVIDIA

Buoyed by AI, NVIDIA to overtake Amazon in market value

NVIDIA, the world's leading AI chipmaker, is closing in on Amazon's market value, thanks to Wall Street's growing interest in artificial intelligence.

Amazon introduces Rufus, an AI-powered shopping assistant: How it works

Amazon has introduced Rufus, a cutting-edge AI shopping assistant, currently accessible to a select group of customers.

01 Feb 2024

TikTok

Gen Z, millennials turn homeowners with Amazon's $30K tiny homes

In a real estate landscape marked by exorbitant prices, steep interest rates, and overwhelming student loan burdens, millennials and Gen Z are reshaping the trajectory to homeownership.

29 Jan 2024

Meta

Why the tech industry is conducting mass layoffs in 2024?

In January 2024, roughly 100 tech companies, including Meta, Amazon, Microsoft, Google, and Salesforce, have laid off around 25,000 employees, reports layoffs.fyi.

26 Jan 2024

Google

Salesforce cuts 700 jobs as downsizing continues in tech industry 

Cloud-based software giant Salesforce is set to lay off nearly 700 employees, per The Wall Street Journal.

24 Jan 2024

France

France fines Amazon $35 million for excessive worker surveillance

France's National Commission on Informatics and Liberty (CNIL) slapped Amazon with a hefty $35 million fine for what they call "excessively intrusive" surveillance of workers in Amazon warehouses.

24 Jan 2024

eBay

eBay to cut 1,000 jobs as expenses outpace revenue growth

eBay has announced its decision to eliminate 1,000 jobs, which makes up 9% of its full-time workforce. The move will also reduce work for external contractors.

15 Jan 2024

Business

Quiet firing: Amazon's latest strategy to reduce headcount explained

Amazon has been pressuring managers to give lower performance ratings to workers, who don't follow the Return to Office (RTO) policy, according to Business Insider.

10 Jan 2024

Business

Amazon-owned Twitch to lay off 35% of workforce

Twitch, the live streaming platform owned by Amazon, is reportedly considering laying off approximately 500 employees.

29 Dec 2023

Amazon India

Amazon Pay India's FY23 revenue growth stagnates, losses narrow

Amazon Pay India, the digital payment arm of e-commerce giant Amazon, saw a stagnant growth in operational revenue, reaching Rs. 2,093 crore in fiscal 2023 compared to Rs. 1,998 crore the previous year.

22 Dec 2023

Google

Big tech firms seek clarity on Telecommunications Bill's scope

The Asia Internet Coalition (AIC) has requested clarification from the Indian government on the recently passed Telecommunications Bill 2023.

22 Dec 2023

Business

Amazon Prime vs Prime Lite: Which membership is better

Amazon has reduced the price of its affordable Prime membership plan called Prime Lite. It now costs Rs. 799 per year, as opposed to Rs. 999.

14 Dec 2023

Amazon India

Amazon under scrutiny for tricking customers into buying Prime memberships

The Central Consumer Protection Authority (CCPA) has issued notices to Amazon India, accusing the company of employing "dark patterns" on its website to trick customers into purchasing Amazon Prime memberships, reported Moneycontrol.

14 Dec 2023

iQOO

iQOO 12 now on sale in India: Check offers

iQOO's latest flagship, the iQOO 12, is now available for purchase in India. It is the first Snapdragon 8 Gen 3-powered smartphone in the country.

12 Dec 2023

Amazon India

Amazon India makes shopping easier with AI-powered reviews

Amazon India has launched AI-generated review highlights, which are concise paragraphs displayed on product description pages.

11 Dec 2023

Amazon Web Services

Vaishali Kasture, AWS India's interim head, quits within a year

Vaishali Kasture has resigned as the interim head of Amazon Web Services (AWS) India and South Asia, after just seven months in the position, reported TechCrunch.

08 Dec 2023

Cybercrimes

Amazon sues fraudsters for refund scam worth millions of dollars

Amazon has filed a lawsuit in the US against an international group of thieves, including an organization called REKK and nearly 30 individuals from various countries.

05 Dec 2023

OpenAI

How Amazon's Q fares against OpenAI's ChatGPT and Anthropic's Claude

Amazon's cloud computing division, Amazon Web Services (AWS) recently launched a new AI chatbot, named "Amazon Q."

05 Dec 2023

iQOO

iQOO 12's pre-booking begins today on Amazon: Should you consider

iQOO is gearing up to introduce the iQOO 12 smartphone in India on December 12, marking the debut of the first Snapdragon 8 Gen 3-powered device in the nation.

Amazon launches AI model evaluation on Bedrock: How it works

Amazon has unveiled Model Evaluation on Bedrock, a new service that lets businesses test AI models before implementing them.