Amazon

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

When Amazon's new AI tool answers shoppers' queries, who benefits?

Amazon's new artificial intelligence assistant is raising as many questions as it answers
6 February 2024, 05:20 AM

Bezos to sell up to 50 million Amazon shares by Jan 31 next year, filing shows

Bezos will sell up to 50 million shares in the online retail and cloud services firm over the next one year
4 February 2024, 07:58 AM

Shothik AI gets selected for Google for AI Startup Cloud Program

Shothik AI, a Bangladeshi AI-based startup has recently received USD 350,000 from Google for AI Startup Cloud program and USD 100,000 from Amazon. 
30 January 2024, 06:50 AM

US tech and media company layoffs in 2024 so far

Notable major technology and media corporations in the United States have begun 2024 with a fresh round of job cuts, with reasons citing the global economic crisis that is expected to remain persistent in the new year. Let's take a look at the US tech and media companies that have fired or plan to fire a large percentage of their employees in 2024.
29 January 2024, 08:01 AM

Amazon to take help from rival SpaceX to launch Kuiper satellites

The e-commerce giant Amazon recently announced that it has secured three Falcon 9 rocket launches from their rival company SpaceX to deploy its Project Kuiper satellite network.
3 December 2023, 09:04 AM

Amazon unveils new AI chip for training AI

Amazon has recently unveiled its brand new AI chip that will be used for the company's cloud computing service. Named Trainium2, the second-generation chip is designed for training AI systems and is said to be four times faster and twice as energy efficient as its previous model.
29 November 2023, 08:07 AM

Amazon raises investment in India to $26 bln by 2030

Amazon.com Inc (AMZN.O) said on Friday it will take its investments to $26 billion in India by 2030, adding $6.5 billion in new planned investments in an announcement made after CEO Andy Jassy met Prime Minister Narendra Modi in the United States.
24 June 2023, 06:34 AM

Google and Amazon commit to Modi to invest $25 Billion in India

In a significant move to bolster India's digital economy, global tech giants Google and Amazon have jointly pledged a massive investment of $25 billion. Sundar Pichai, CEO of Google, announced the company's commitment to invest $10 billion in India's digitisation fund during a meeting with Prime Minister Narendra Modi in Washington, D.C. Furthermore, Google unveiled its plans to establish a state-of-the-art global fintech operation centre in Gujarat.
24 June 2023, 05:49 AM