Amazon, the global tech giant, has made significant workforce reductions, affecting two key business units—its streaming platform Twitch and the film and television studios division. The company is trimming “several hundred” roles across Prime Video and Amazon MGM Studios, as confirmed by an internal memo obtained by CNN. Concurrently, Twitch, the video game streaming company…
Amazon is gearing up to revolutionize internet connectivity in space through its Project Kuiper, deploying cutting-edge laser technology for satellite-to-satellite communication. The successful prototype tests have paved the way for Amazon to introduce a commercial-grade broadband service in space, with the constellation utilizing lasers to ensure a high-speed, error-free connection across the globe. In a…
In a recent development, Senior Judge John Coughenour has recused himself from presiding over the US Federal Trade Commission’s (FTC) antitrust lawsuit against Amazon.com. This decision was revealed in a court document filed on Wednesday. The antitrust lawsuit was filed against Amazon in federal court in Seattle just a day before Judge Coughenour’s recusal. The…
In a landmark monopoly case, the US government, along with 17 states, has filed a lawsuit against Amazon, alleging years of abusive economic dominance and unfair competition practices by the e-commerce giant. This lawsuit marks the government’s most significant attack on Amazon, a company known for its extensive product range and vast logistics network. The…
Amazon, the global e-commerce powerhouse, has announced its intention to invest a substantial sum, up to $4 billion, in the artificial intelligence (AI) company Anthropic. This strategic move also entails Amazon securing a minority ownership stake in Anthropic, reflecting the e-commerce giant’s ongoing commitment to advancing AI technology and remaining competitive in a rapidly evolving…
Amazon.com has introduced a pioneering policy in response to growing concerns from advocacy groups like the Authors Guild, requiring authors to disclose in advance whether their books incorporate artificial intelligence (AI) material. This move represents a significant development in the ongoing discussion surrounding AI-generated content’s impact on the literary landscape. Amazon.com, a prominent e-commerce giant…
The highly-anticipated crime thriller “Crime 101,” featuring Hollywood A-listers Chris Hemsworth and Pedro Pascal, has found its studio home following a heated $100 million bidding war. Adapted from a novella of the same name by Don Winslow, the movie’s plot revolves around the pursuit of a jewel thief in the vicinity of the Pacific Coast…
Amazon, the global e-commerce giant, has issued cautionary emails to certain US-based office employees regarding their in-person attendance at work, indicating the company’s commitment to enforcing its return-to-office policies. The move follows growing resistance among employees to the policy, which mandates a minimum of three days of in-office work per week. This development aligns with…
A startling revelation has come to light as author Jane Friedman has uncovered that books purportedly authored by her were being sold on Amazon, even though she had no involvement in their creation. These books, suspected to have been generated using artificial intelligence (AI), posed as new releases under her name. The incident has triggered…
Amazon (AMZN) has witnessed a massive surge in sales during the second quarter of 2023, driven by robust demand for its wide range of products and services. The company’s sales grew by 11% to a staggering $134.4 billion, surpassing last year’s second-quarter revenue of $121.2 billion. The reported number also exceeded analysts’ predictions of $131.4…
Spain’s antitrust regulator, known as CNMC, has levied substantial fines on tech giants Amazon and Apple, totalling €194.1 million ($218 million), for colluding to limit competition on the Amazon platform in Spain. The fines were imposed due to anti-competitive clauses present in two contracts signed by the companies on October 31, 2018, which granted Amazon…
Entertainment company, Amazon, is seeking the dismissal of a suit against the controversial movie, Gangs of Lagos. It should be recalled that the movie, which was released in April, clearly portrays the violent and thuggery lifestyle of some parts of Lagos, hitting close with Lagos politics and revealing the greater weight behind street power. Expressing…
Amazon, Hilton Hotels, Adecco, and Microsoft are among the companies pledging to hire or provide career support to 5,000 Ukrainian and other refugees in Europe, in an effort to assist those fleeing persecution. The global number of forcibly displaced individuals has reached a record high of 110 million.Margaritis Schinas, Vice-President of the European Commission, expressed…
The Federal Trade Commission (FTC) has filed a lawsuit against Amazon, accusing the company of using deceptive user interface designs to trick consumers into signing up for its Prime subscription service and making it difficult for them to cancel their memberships. The complaint alleges that Amazon employed manipulative and coercive user-interface designs known as “dark…
An Amazon worker and union organizer, Jennifer Bates, has been reinstated in her job after appealing her termination by the e-commerce giant earlier this month. Amazon confirmed that Bates, who became a prominent figure in the effort to unionize an Amazon facility in Bessemer, Alabama, had been reinstated following the appeals process. Bates had received…
Amazon is testing the use of artificial intelligence (AI) to summarize customer feedback on its platform, potentially reducing the time shoppers spend reading reviews before making a purchase. For instance, on the product page for Apple’s third-generation AirPods, the AI feature now provides a summary of over 4,000 user ratings. It highlights positive feedback about…
Shares of Affirm Holdings (AFRM) experienced a significant surge on Wednesday following the announcement of a partnership with Amazon Pay (AMZN). This collaboration will enable merchants utilizing Amazon Pay to integrate Affirm’s “Adaptive Checkout” feature, providing customers with the option to pay for their purchases over time. The technology is already accessible on Amazon.com and…
An Amazon worker who played a prominent role in organizing an unsuccessful unionization effort at a warehouse in Alabama has been fired by the company. Jennifer Bates, known for testifying about her challenging experience at Amazon, was terminated after returning from medical leave due to job-related injuries. The Retail, Wholesale and Department Store Union (RWDSU),…
Amazon corporate workers staged a visible walkout to express their lack of trust in the company’s leadership. Organizers claimed that over 1,000 employees participated, while Amazon disputed the number, estimating around 300 participants. The walkout aimed to address employee frustrations, including Amazon’s insistence on employees working in the office at least three days a week….
Contemporary designer Ronny Kobo is expanding her distribution by opening a shop-in-shop in the Amazon Fashion store. Amazon is expanding its premium fashion brands, and Ronny Kobo is the latest to join the list. The e-commerce giant will debut its Ronny Kobo shop-in-shop on Monday, highlighting the designer’s spring collection. Kobo’s collection, known for its…
Amazon (AMZN) has built its e-commerce empire by making shopping affordable and foolproof. You didn’t like the pan you bought on Amazon? No worries, you had free returns. However, the days of across-the-board free returns are over: Amazon is instituting a $1 fee on some returns, marking a notable shift from the company’s early days…
Amazon wants investors to know it won’t be left behind in the latest Big Tech arms race over artificial intelligence. In a letter to shareholders Thursday, Amazon (AMZN) CEO Andy Jassy said the company is “investing heavily” in large language models (LLMs) and generative AI, the same technology that underpins ChatGPT and other similar AI…
Amazon is reportedly weighing the purchase of AMC Entertainment and its nationwide chain of movie theaters as a means of promoting Amazon’s content and other services. The Intersect reported that Amazon founder Jeff Bezos has tasked his team of investment advisers and entertainment chiefs with exploring plans to acquire AMC and its chain of nearly…
A new online shopping platform linked to one of China’s top retailers has quickly become the most downloaded app in the United States, surpassing Amazon and Walmart. Now it’s looking to capitalize from an appearance on America’s biggest stage. Temu, a Boston-based online retailer that shares the same owner as Chinese social commerce giant Pinduoduo,…
Amazon will require all office staff to work in-person at least three days a week, ending a policy that left remote work decisions up to team directors. As reported on BBC, boss Andy Jassy informed staff of the change on Friday, saying it would take effect on 1 May. The company is joining others such…
Amazon is expected to begin a fresh round of job cuts in what looks poised to become the largest workforce cuts in its 28-year history as reported on CNBC. Earlier this month, CEO Andy Jassy said the layoffs would affect more than 18,000 employees, primarily in its human resources and stores divisions. Amazon said in…
