Topic: Amazon
ESPN, NBC, and Amazon secure NBA TV rights as TNT bid is turned down
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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Prime Video receives a long-awaited update with improved user interface, including a new content bar and AI-powered recommendations.
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 is implementing strict measures to crack down on ‘coffee badging’ in order to enforce its return-to-office policy.
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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Indian e-commerce giants Amazon, Flipkart, and Myntra compete in monsoon sale battle: Explore deals and discounts
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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Don’t Miss Out on Major Launches and Exclusive Deals at Amazon Prime Day Sale 2024
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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Retail giants Amazon Prime Day Sale and Flipkart Goat Sale compete to provide significant discounts on top-selling smartphones.
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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OpenAI opens new office in Tokyo, appoints former Amazon employee to lead AI initiative.
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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Amazon utilized remote workers from India to operate its ‘Just Walk Out’ AI technology in stores.
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 Prime is urging users to pay additional fees for improved streaming quality.
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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AI Frenzy Boosts Nvidia’s Market Value Above Amazon
(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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Jeff Bezos, Founder of Amazon, Offloads Approximately $2 Billion Worth of His Shares
(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 Introduces AI to Assist in Choosing the Perfect Trekking Shoe or Phone
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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32,000 Jobs Cut as Snap, Okta, and Amazon Face Ongoing Tech Layoffs
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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Discover what Amazon’s new AI-powered shopping assistant Rufus can do, from answering questions to conducting comparisons
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.…
Read MoreiRobot Acquisition by Amazon Cancelled Due to Regulatory Concerns
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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Tech and retail companies, including Microsoft and Amazon, have recently implemented layoffs
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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Amazon’s Ring to discontinue police’s ability to request doorbell video from users.
Ring, the home doorbell unit of Amazon.com Inc., has announced that it will no longer allow police departments to request footage from users’ video doorbells and surveillance cameras. This decision comes after facing backlash from civil liberties groups and certain elected officials. Next week, the company will disable the Request For Assistance tool, a program that allows law enforcement to voluntarily request material from users, Eric Kuhn, who runs the Ring’s Neighbors app, said in a blog post Wednesday. Police and fire departments must seek permission to request footage from…
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Exploring major tech companies like Google, Riot Games, and eBay that have implemented layoffs
Several technology companies have recently started laying off employees after rapidly expanding their workforce during the COVID-19 pandemic, when online activities and spending surged. These companies are now implementing job cuts as a means to reduce expenses and strengthen their financial performance. Here are a few examples of companies that have recently downsized their workforce: Google Google announced that it is laying off hundreds of employees working in the hardware, voice assistance and design teams. The cuts are the result of promises by executives at Google and its parent company…
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Google terminates agreement with AI firm that provided services to Microsoft and Amazon as well
Google has terminated its contract with Australian data company Appen, which helped the tech giant train the large language model (LLM) AI tools used in Bard and search. Appen said in an Australian stock exchange filing that it had no prior knowledge of Google’s decision to terminate the contract. In 2023, Appen’s turnover from Google was 82.8 million dollars with a gross margin of 26 percent. “The news is unexpected and disappointing, especially given Appen’s turnaround and performance in November-December 2023,” the company said in its filing. A Google spokesperson…
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