Amazon
Amazon enters space internet race; first Kuiper satellites launched
Amazon has launched its first batch of 27 satellites for Project Kuiper, marking the beginning of its $10 billion plan to build a global broadband internet network. The satellites were carried into space on April 28, 2025, by a United Launch Alliance (ULA) Atlas V rocket from Cape Canaveral Space Force Station in Florida.
29 April 2025, 05:42 AM
AI will become a Madison Avenue sensation in 2025
Even companies such as Netflix and Amazon, which until recently relied mainly on subscriptions, are getting in on the action
5 January 2025, 06:28 AM
Amazon officially begins selling cars online
Amazon has officially entered the online car sales market with the launch of Amazon Autos, an e-commerce platform enabling customers to search for, order, and purchase new vehicles directly from dealerships.
11 December 2024, 13:29 PM
Amazon unveils Nova, new set of AI models
Amazon has introduced Nova, a collection of advanced AI models designed for tasks like analysing text, generating images, and creating videos. These models, announced at the AWS conference in Las Vegas on Tuesday, aim to help businesses reduce costs, speed up processes, and customise AI for their specific needs, says Amazon in an official blog post.
4 December 2024, 03:31 AM
Amazon develops Olympus AI: Report
Amazon, the e-commerce platform, has reportedly developed a new generative artificial intelligence (AI) model, codenamed Olympus, capable of processing images and videos in addition to text.
28 November 2024, 11:08 AM
Amazon invests additional $4 bln in AI startup Anthropic
Amazon has poured another $4 billion into Anthropic, the artificial intelligence startup behind the chatbot Claude. This new funding doubles Amazon’s total investment in the startup to $8 billion.
24 November 2024, 11:24 AM
Amazon wants to be everything to everyone
Innovations unveiled in recent days by the Seattle-based tech titan included a delivery van computer system to shave time off deliveries by its speed-obsessed logistics network
13 October 2024, 06:31 AM
Amazon to hire 250,000 workers for upcoming holidays
Amazon has announced plans to hire 250,000 transportation and warehouse workers for the upcoming holiday shopping season, matching its hiring efforts from last year, as per a recent Reuters report.
4 October 2024, 03:56 AM
Online sellers on Walmart's Flipkart sue India watchdog over antitrust probe
The filings come after antitrust investigations concluded in August found Amazon and Flipkart, some of their sellers and smartphone brands, violated local competition laws
29 September 2024, 05:05 AM
What we know about the fire 'pandemic' plaguing Brazil
Nearly two-thirds of Latin America's biggest country is under smoke.
19 September 2024, 05:30 AM
Amazon enforces five-day workweek for employees
Amazon has announced a new policy that will require employees to be physically present at the office five days a week starting next year, toughening its previous three-day office mandate. Additionally, Amazon is ending a program that previously allowed employees to work from anywhere for up to four months each year.
17 September 2024, 02:32 AM
India accuses Samsung, Xiaomi of colluding with Amazon, Flipkart
Samsung, Xiaomi and other smartphone companies colluded with Amazon and Walmart's Flipkart to exclusively launch products on the e-commerce firms' Indian websites in breach of antitrust laws, according to regulatory reports seen by Reuters.
15 September 2024, 05:08 AM
Jeff Bezos plans to sell Amazon shares worth $5 bln
Jeff Bezos, founder and executive chairman of Amazon, is planning on selling shares of his company that are worth almost $5 billion, according to a recent regulatory filing. This takes place after Amazon's stock hit a record high recently, with the e-commerce giant currently standing at a $2.056 trillion market cap.
5 July 2024, 11:49 AM
Amazon reaches $2 trillion valuation for the first time
Amazon.com, the US-based tech and e-commerce company, has reached a valuation of $2 trillion for the first time. This makes it the fifth US company to reach this market value, a rise that is being attributed to the recent AI boom.
27 June 2024, 02:38 AM
Amazon wants bonded warehouse in Bangladesh,Titu says
American e-commerce giant Amazon wants central bonded warehouse facilities in Bangladesh to enjoy tax benefits, said State Minister for Commerce Ahasanul Islam Titu yesterday
29 May 2024, 05:00 AM
Amazon wants to get central bonded warehouse facility in Bangladesh
A delegation of the US-Bangladesh Business Council meets State Minister for Commerce Ahasanul Islam Titu
28 May 2024, 12:25 PM
China's Huawei and Amazon in patent licencing agreement
Huawei had ended lawsuits brought against Amazon in Germany over patented technology related to wifi and video playback
5 March 2024, 05:29 AM
Bezos, Nvidia join OpenAI in funding humanoid robot startup
Bezos had committed $100 million through his firm Explore Investments LLC and Microsoft is investing $95 million, while Nvidia and an Amazon-affiliated fund are each providing $50 million
24 February 2024, 06:25 AM
AI frenzy puts Nvidia briefly ahead of Amazon in market value
At a record high of $734.96, Nvidia was worth $1.82 trillion in market value, compared to $1.81 trillion for retail giant Amazon.com
13 February 2024, 05:34 AM
Jeff Bezos sells off $2 billion in Amazon shares
Jeff Bezos has sold off about $2 billion in shares of Amazon, according to stock market filings.
11 February 2024, 05:21 AM