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Topic: Amazon

(TNT / Warner Bros. Discovery) News 

Warner Bros. Discovery files lawsuit against NBA to prevent Amazon’s new streaming package

Nitin Misra,

Warner Bros. Discovery has taken legal action against the NBA after the league rejected its bid for broadcasting rights. The media company filed a lawsuit in the New York State Supreme Court following the NBA’s decision to go with Amazon’s streaming package for the 2025-26 season. The conflict stems from Warner’s belief that its current contract gives it the right to match any bid that replaces Warner as the home of TNT’s NBA games (and the iconic Inside the NBA) in a future deal. As for the league’s stance, The…

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Amazon News 

Amazon is developing a prequel for The Boys

Sanjay Patil, ,

The Boys may be nearing its final season, but fans can still expect more blood and torn muscle tissue on their screens. Jensen Ackles, who portrays Soldier Boy on the show, announced at San Diego Comic-Con that Amazon will be creating a prequel to The Boys titled Vought Rising. The new prequel is set in the 1950s in the early days of the evil Vought Empire, a mega-conglomerate that runs the entire superhero industry in The Boys’ universe. The new series shows early attacks by characters like Soldier Boy and…

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Amazon Gaming 

Amazon releases the first teaser for its upcoming Yakuza adaptation

Febin Mathew, , ,

Amazon has unveiled a teaser video for its upcoming live action adaptation of SEGA’s Yakuza games, Like A Dragon: Yakuza, at San Diego Comic-Con. The video showcases the intricate inking process of Kazuma Kiryu’s famous dragon tattoo, as well as glimpses of Kamurocho’s nightlife, key characters from the series, and the underground fight club featured in the games. The teaser concludes with a scene of a shirtless Kiryu entering a circle of spectators cheering and placing bets on his upcoming match. When the company announced the show in June, it…

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Reuters / Reuters News 

ESPN, NBC, and Amazon secure NBA TV rights as TNT bid is turned down

Adarsh V.K, , ,

The NBA and WNBA have signed agreements for the broadcasting and streaming of games for the next eleven years. The NBA deal will be in effect from the 2025-2026 season to the 2035-2036 season, while the WNBA agreement will cover the seasons from 2026 to 2036. Pro basketball has been a mainstay of ESPN for years and continues to be, and the Disney-owned network remains the primary media rights owner for both leagues. ESPN will be the exclusive home of the NBA Finals for eleven years of the new deal,…

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Amazon News 

Prime Video receives a long-awaited update with improved user interface, including a new content bar and AI-powered recommendations.

Sanjay Patil, ,

Amazon Prime Video, known for its wide range of original content such as Fallout, The Boys, and Rings of Power, has previously been criticized for its cluttered and confusing layout compared to competitors like Netflix. However, the company is now introducing a new UI that aims to provide a more intuitive and streamlined streaming experience. Prime Video’s redesign starts with a streamlined navigation bar that should make it easier to navigate. The bar on the left contains the general categories Home, Movies, TV Shows, Sports and Live TV. Immediately to…

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Amazon implements stricter measures to monitor office attendance, addressing the practice of "coffee badging" and reinforcing its return-to-office policy amidst employee resistance. (Unsplash) News 

Amazon is implementing strict measures to crack down on ‘coffee badging’ in order to enforce its return-to-office policy.

Nitin Misra

Amazon has implemented more stringent policies to monitor the time corporate workers spend at the office in an effort to combat the phenomenon known as “coffee badging.” This practice involves employees simply stopping by the office, sometimes just to get a coffee, to fulfill the company’s return-to-office (RTO) guidelines without actually working there. Under the updated guidelines, employees in different departments, including retail and cloud computing, are now required to spend a minimum of two hours per visit to the office, with certain teams mandated to stay for at least…

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Major Indian e-commerce platforms like Amazon, Flipkart, and Myntra are hosting their monsoon sale events with huge discounts and sale offers. (Pexels) News 

Indian e-commerce giants Amazon, Flipkart, and Myntra compete in monsoon sale battle: Explore deals and discounts

Adarsh V.K,

In July 2024, the Indian e-commerce industry is gearing up for a competitive showdown as top players such as Flipkart, Amazon, Ajio, Myntra, and Nykaa are preparing to host major sales events. These platforms are offering significant discounts and exclusive early access to premium members in order to attract consumers and expand their market presence. Amazon Prime Day Sale 2024 Amazon Prime Day is two sales events scheduled for July 20th and 21st. It offers unbeatable discounts on a wide range of products, especially in the technology and electronics categories.…

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Amazon India Prime Day 2024: Discover over 40 new launches and exclusive deals on consumer electronics from top brands, available exclusively for Prime members on July 20 and 21. (unsplash) News 

Don’t Miss Out on Major Launches and Exclusive Deals at Amazon Prime Day Sale 2024

Jim Hendler

Amazon India is preparing for its much-awaited Prime Day event, set to take place on July 20 and 21, 2024. Prime members can look forward to substantial discounts, enticing offers, and a wide range of new products in the consumer electronics category. Important launches in consumer electronics Prime Day showcases more than 40 new product launches from well-known brands such as HP, Dell, Lenovo, OnePlus, JBL and boAt. Among the notable releases, the Acer Aspire 3 laptop with an Intel Core Celeron processor and 180-degree hinge promises a compelling visual…

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Flipkart and Amazon are gearing up for major sales events starting July 20, with discounts on popular smartphones such as the Nothing Phone 2a, Apple iPhone 15, and Samsung Galaxy S23. (Unsplash) News 

Retail giants Amazon Prime Day Sale and Flipkart Goat Sale compete to provide significant discounts on top-selling smartphones.

Febin Mathew,

Later this week, Amazon and Flipkart are set to launch their huge sale events. Both ecommerce platforms have announced the details of their upcoming discount events, starting on July 20. Flipkart’s “Goat Sale” will run until July 25, surpassing Amazon’s two-day Prime Day event. Flipkart Goat Sale Offers Flipkart has announced significant discounts on several popular smartphones. The Nothing Phone 2a is available at a price of ₹19,999 which includes bank and other promotional offers. Although the concrete contract of the iPhone 15 is not disclosed, it is expected to…

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The Tokyo office will be the OpenAI's third outpost overseas, following the opening of its doors in London and recently Dublin. (REUTERS) AI 

OpenAI opens new office in Tokyo, appoints former Amazon employee to lead AI initiative.

Febin Mathew,

OpenAI has been actively working to advance artificial intelligence in recent months, facing competition from global tech giants like Microsoft and Google. To strengthen its efforts, the organization has appointed the former president of Amazon Web Services’s Japan division to lead its initiative to attract enterprise clients in the fourth-largest economy worldwide, as reported by Bloomberg. OpenAI opens an office in Japan OpenAI has announced that it will open an office in Tokyo as it releases a custom GPT-4 model that caters to Japanese language users. It said it has…

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The shift to smart carts aims to address customer feedback while raising questions about the balance between technological innovation and labor practices. (AP) AI 

Amazon utilized remote workers from India to operate its ‘Just Walk Out’ AI technology in stores.

Febin Mathew

Initially praised for its innovative use of AI and sensor technology, Amazon’s ‘Just Walk Out’ technology aimed to revolutionize the shopping experience by eliminating checkout lines. However, a recent report by The Information has uncovered that the system heavily depended on manual labor, specifically from low-wage workers in India, rather than solely on AI. The Human Element: Outsourcing to Indian Workers Introduced in 2018, the “Just Walk Out” system allowed customers to come into Amazon Fresh stores, pick up the products they wanted to buy, and leave without the need…

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Amazon has removed Dolby Vision HDR and Dolby Atmos surround sound from the basic ad-supported tier, and wants users to pay more if they want to continue enjoying these. News 

Amazon Prime is urging users to pay additional fees for improved streaming quality.

Jim Hendler,

Streaming services, including Amazon Prime and Netflix, are constantly looking for ways to streamline their plans and maximize revenue for their user base. And now the latest move comes from Amazon. Now it’s been confirmed that Amazon has removed Dolby Vision HDR and Dolby Atmos surround sound from the ad-supported base tier, and wants users to pay more if they want those features along with an ad-free experience. The move comes after the video streaming giant began serving ads on its standard plan starting January 29, 2024, and now requires…

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Nvidia briefly surpassed Amazon.com Inc in market capitalization on Monday, as the euphoria around artificial intelligence catapulted the chipmaker to the fourth most valuable U.S. company. News 

AI Frenzy Boosts Nvidia’s Market Value Above Amazon

Nitin Misra,

(Reuters) – Nvidia briefly overtook Amazon.com Inc in market capitalization on Monday as euphoria over artificial intelligence lifted the chipmaker to the fourth most valuable U.S. company. At a record high of $734.96, Nvidia’s market capitalization was $1.82 trillion, while retail giant Amazon.com is at $1.81 trillion and a few billion away from Google owner Alphabet’s $1.87 trillion, according to LSEG data. The last time Nvidia was more valuable than Amazon was in 2002, when they were worth less than $6 billion. After Amazon’s bigger-than-expected holiday quarter sales last month,…

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Amazon.com founder Jeff Bezos sold around 12 million shares of the online retail and cloud services firm for roughly $2 billion. News 

Jeff Bezos, Founder of Amazon, Offloads Approximately $2 Billion Worth of His Shares

Adriana Marais

(Reuters) – Amazon.com founder Jeff Bezos sold about 12 million shares of the online retailer and cloud services company for about $2 billion, the company said in a filing on Friday shortly after it laid out a plan to sell its shares over the next year. . According to the applications, the sale took place on Wednesday and Thursday. Last week, Amazon said Bezos would sell up to 50 million shares of the company. The sales plan made under certain conditions was approved on November 8, 2023, and it would…

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Amazon is also entering the world of AI and it wants to use the technology to improve the online shopping experience for consumers. AI 

Amazon Introduces AI to Assist in Choosing the Perfect Trekking Shoe or Phone

Febin Mathew

Shopping is the latest way artificial intelligence (AI) is ready to make its presence known, and Amazon is bringing the feature to its customers. In fact, you now have an AI chatbot called Rufus that can help shoppers choose a product that fits their needs and budget. Amazon claims that Rufus improves the shopping experience, and we’d expect nothing less from an AI chatbot that appears to have access to Amazon’s shopping content. Amazon has also trained an AI chatbot on its product catalog, customer reviews, and other information available…

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Another huge wave of job cuts in the tech industry. (AFP) News 

32,000 Jobs Cut as Snap, Okta, and Amazon Face Ongoing Tech Layoffs

Adriana Marais,

In the beginning of 2024, the tech industry has experienced a new round of job reductions, going even deeper after significant layoffs in the previous year. According to Layoffs.fyi, a startup that monitors job cuts in the industry since the pandemic, approximately 32,000 tech employees have been laid off so far this year. Snap Inc. became the latest example, announcing on Monday that it would cut its workforce by about 10 percent, or about 540 workers. Earlier this month, software company Okta Inc. announced it was cutting 7 percent of…

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Rufus was launched on Thursday to “a small subset of customers” who use Amazon’s mobile app, (Amazon) AI 

Discover what Amazon’s new AI-powered shopping assistant Rufus can do, from answering questions to conducting comparisons

Sanjay Patil,

Amazon has announced the introduction of Rufus, an AI-powered shopping assistant, as part of its ongoing efforts to integrate AI technology into its range of products and services. This comes after reports emerged that the company was planning to enhance its voice assistant, Alexa, with personalized AI technology and introduce a new subscription model called Alexa Plus. What is Rufus? According to Bloomberg, Amazon is adding an AI shopping companion to its retail store to help shoppers compare and find answers to queries that are more complex than keyword searches.…

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Amazon and robot vacuum maker iRobot said Monday they would end their plans to merge in the face of opposition from EU antitrust regulators. News 

iRobot Acquisition by Amazon Cancelled Due to Regulatory Concerns

Sanjay Patil

WASHINGTON: Amazon and robot vacuum cleaner maker iRobot on Monday said they are ending their merger plan amid opposition from EU competition authorities. iRobot announced a major restructuring plan to cut costs and said it would cut about 31 percent of its workforce, or 350 jobs. The company also said that founder Colin Angle has stepped down as CEO. Angle said that given the current challenges, he and the board “mutually decided that iRobot would be better served by a new leader with turnaround experience.” Amazon said its proposed $1.4…

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Microsoft is laying off 1,900 employees in its gaming division, representing an 8% reduction in its gaming workforce. (AP) News 

Tech and retail companies, including Microsoft and Amazon, have recently implemented layoffs

Adriana Marais,

Workers across industries are facing uncertainty as a few companies have initiated job cuts in recent weeks, making 2024 a challenging year for layoffs. In retail and tech, some of these cuts come after a surge in hiring seen during the COVID-19 pandemic — when people spent more time and money online. Now, many companies are reducing their workforce to lower their costs and strengthen their bottom line. Here are some tech and retail companies that have laid off workers recently: layoffs REI is laying off 357 employees, mostly at…

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