Content tagged with Amazon

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Amazon to buy Globalstar for $11.57B in bid to flesh out its satellite biz

Amazon is moving in on the orbital mobile connectivity market that’s currently dominated by Elon Musk’s Starlink. The company on Tuesday said it had agreed to buy satellite company Globalstar, known for powering Apple’s “Emergency SOS” feature, for $11. The $90-per-share deal will net Amazon all of Globalstar’s satellite operations, …

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An Amazon warehouse worker died on the job at Oregon facility

An Amazon employee at the Troutdale, Oregon warehouse passed away at work last week, a company spokesperson confirmed to TechCrunch. According to a report from the Western Edge, an independent investigative outlet covering the Pacific Northwest, the worker collapsed on the floor at the PDX9 warehouse and lay dead as …

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Walmart-owned Flipkart, Amazon are squeezing India’s quick commerce startups

India’s quick commerce market is booming, with demand more than doubling for some players. But the fast-delivery push by Flipkart and Amazon is raising the stakes in an already crowded space where profitability remains under pressure. Flipkart, one of India’s largest e-commerce players, entered quick commerce later than local rivals …

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Amazon CEO takes aim at Nvidia, Intel, Starlink, more in annual shareholder letter

Amazon CEO Andy Jassy’s annual shareholder letter reads something like a Kendrick Lamar diss track, if the rapper was a corporate-speak-talking CEO and not a poetic Pulitzer-prize winning musician. Meaning, you have to know the history to understand all of the competitors Jassy takes aim at, alongside cute personal stories …

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Amazon to end support for older Kindle devices

Amazon is preparing to end support for Kindle devices released before 2012 — cutting them off from the Kindle Store and making them virtually unable to load any new content. The company set a cutoff date for May 20, 2026. Amazon sent an email to customers this week announcing it …

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Uber is the latest to be won over by Amazon’s AI chips

On Tuesday, Amazon announced that Uber was expanding its contract for AWS cloud services to run more of its ride-sharing features on Amazon’s chips. Uber will particularly expand its use of AWS’s Graviton (a low-power, ARM-based server CPU) and start a new trial testing Trainium3, AWS’s Nvidia competitor AI chip. …

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Amazon hits sellers with ‘fuel surcharge’ as Iran war roils global energy markets

The war in Iran has hammered global oil markets, with gas prices in the U. spiking significantly. Amid the rise in transportation costs, Amazon has instituted a new 3. 5% fuel surcharge for sellers that use its distribution network. The policy has the potential to inflict significant new costs on …

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Alexa+ gets new food ordering experiences with Uber Eats and Grubhub

Amazon’s latest upgrade to Alexa+, its next-generation AI assistant, allows you to order food from popular delivery services Uber Eats and Grubhub in a conversational manner, just as if you were chatting with a waiter at a restaurant or placing an order at a drive-thru, according to Amazon. The aim …

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‘Project Hail Mary’ becomes Amazon MGM’s biggest box office hit

Amazon’s bet on “Project Hail Mary” has paid off handsomely, with the film recently surpassing “Creed III” to become the company’s highest grossing movie ever. And it was a big bet, with a reported budget of around $200 million. That’s a big price tag for any film, but especially one …

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OpenAI’s plans to make ChatGPT more like Amazon aren’t going so well

OpenAI’s plans to make ChatGPT into an e-commerce hub aren’t exactly panning out — at least, not yet. In an announcement on Tuesday, the company revealed that it’s pivoting away from a recently launched feature that lets users buy items directly from the chatbot’s interface. OpenAI originally launched buying capabilities …

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