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…
