Amazon Plows $11 Billion into AI Infrastructure – Will This Boost Georgia’s Economy?Amazon invests $11 billion in Georgia's AWS to boost AI infrastructure, creating 550 high-skilled jobs amid rising energy demands.
China's Temu Tops U.S. App Store Again, Beats Instagram, TikTok in 2024Temu becomes the most downloaded free app in the U.S. for the second year, challenging Amazon amid regulatory scrutiny on Chinese imports.
Amazon’s Massive $4 Billion Investment in Anthropic – Is This How AWS Will Dominate AI?Amazon invests an additional $4 billion in AI startup Anthropic, totaling $8 billion, enhancing collaboration on generative AI services.
Amazon at Risk of Massive Fines as EU Investigates Digital Markets Act ViolationAmazon faces EU antitrust investigation for potential violations of the Digital Markets Act, risking fines of up to 10% of global revenue.
Amazon’s New Low-Cost Store Aims to Compete with China’s Temu and SheinAmazon launches Amazon Haul, a web store for ultra-low-priced items under $20, targeting competition from Chinese platforms.
Apple TV+ Joins Amazon Prime Video: Streamlined Access for U.S. ViewersAmazon will add Apple TV+ to Prime Video by month's end, allowing users to subscribe directly for $9.99 monthly.
Amazon Shuts Down More Go Stores but Keeps Its Just Walk Out Tech AliveAmazon reduces Amazon Go stores by half, closes three, and focuses on licensing cashierless tech to third-party stores.
Mark Zuckerberg Becomes World’s No. 2 Richest, Surpassing BezosMeta CEO Mark Zuckerberg has become the second richest person in the world, overtaking Amazon founder Jeff Bezos.
Is Your Shopping Spree at Shein Compromising Your Personal Security?Chinese e-commerce giant Shein has been criticized for potential security issues, including personal data breaches, that could occur as it exports its logistics supply chain services and technology to the global market. Concerns were raised from within the U.S. that the Chinese government could seize data on logistic supply chain information and sensitive personal data […]
Amazon to Roll Out Cheap Goods to Trump Temu and SheinWith fierce competition from Chinese e-commerce platforms, Amazon is launching a dedicated section exclusively for ultra-low-priced products.
Why Amazon's Zoox Chose Miami and Austin for Their Next Robo-Taxi Trials?Zoox, a self-driving technology developer under Amazon, announced that it plans to begin testing soon in Miami, Florida, and Austin.
Tech Stocks Rally: Nvidia and Microsoft at the ForefrontThe New York Stock Exchange closed higher on the 21st (local time). The stock market’s rise was driven by anticipation of Nvidia’s earnings announcement, ahead of the release of the minutes from last month’s Federal Open Market Committee (FOMC) meeting of the Federal Reserve (Fed). At the NYSE, the Dow Jones Industrial Average closed at […]
Awaiting the Upgrade: Amazon’s Big Bet on Nvidia’s Blackwell ChipAccording to the Financial Times (FT) on the 21st (local time), Amazon has reportedly postponed its existing orders to receive NVIDIA’s latest super chips. The decision was made because the performance of Blackwell is twice as high as the previous model, and the launch date will not be significantly delayed. The FT commented that such […]
Amazon's Bold Move: Online Shopping Service Launches in South AfricaAmazon has thrown down the gauntlet to many online retailers led by Naspers’s Takealot. Amazon announced on the 7th (local time) that it will launch an online shopping service in South Africa. Amazon Africa will offer same-day and next-day delivery through more than 3,000 pickup points. Shoppers can get free shipping on their first order, […]
Is China's E-commerce Dominance a Threat to Amazon and Walmart?Chinese e-commerce companies are increasing their influence in the global market. According to the Korea Institute for International Economic Policy on the 6th, German market research firm Statista analyzed that Chinese e-commerce companies are leading the global market. Citing e-commerce research firm eCommerce DB, Statista reported that based on B2C e-commerce sales, China’s online retail […]
Amazon's AI Investment Pays Off with Record ProfitsAmazon’s first-quarter results exceeded market expectations. Amazon’s first quarter revenues in 2024 amounted to $143.3 billion, a 12.5% increase from the previous year, surpassing the consensus by 0.5%. Operating profit soared 220.6% to $15.3 billion, beating the consensus by 35.9%. Earnings Per Share (EPS) exceeded expectations by 16.4% at $0.98. The rise in profitability of […]
Amazon's E-commerce Dominance Continues, Overshadowing WalmartAmazon.com, Inc. (AMZN) is expected to continue improving its profitability after all of its business units recorded strong results last quarter and announced plans for layoffs. Amazon’s earnings per share (EPS) for the fourth quarter of 2023 exceeded market expectations by 24.2%. The cloud division met market expectations, while the e-commerce division exceeded them. Amazon’s […]
Citadel CEO Ken Griffin Bets Big on Amazon's AI FutureCitadel LLC CEO Ken Griffin has increased his stake in Amazon.com, Inc. This decision is based on Amazon’s growing prominence as a leader in AI (Artificial Intelligence) within the cloud and e-commerce platforms. According to industry sources on the 10th, Griffin’s Citadel hedge fund has more than tripled its investment in Amazon.com, Inc. Citadel’s top […]
China's E-commerce Take Over Global Market, Shopee Beats AmazonChinese e-commerce companies are relentlessly waging a global market share war. As of January, seven of the top 10 global e-commerce applications for monthly users were Chinese companies or had Chinese capital invested. According to the Nikkei on the 11th, a study by U.S. research firm Sensor Tower showed that Sea’s Shopee in Singapore topped […]
Amazon Steps Up E-commerce Game with AI Shopping AssistantAnalysts predict that Amazon will upgrade its online shopping and data competitiveness in the age of generative AI. Park Yeon Ju, a researcher at Mirae Asset Securities, said, “The introduction of advanced generative AI technology in the next 2-3 years is expected to alleviate various inconveniences that users experience during online shopping, accelerating the growth […]
Amazon Plows $11 Billion into AI Infrastructure – Will This Boost Georgia’s Economy? Amazon invests $11 billion in Georgia's AWS to boost AI infrastructure, creating 550 high-skilled jobs amid rising energy demands.
China's Temu Tops U.S. App Store Again, Beats Instagram, TikTok in 2024 Temu becomes the most downloaded free app in the U.S. for the second year, challenging Amazon amid regulatory scrutiny on Chinese imports.
Amazon’s Massive $4 Billion Investment in Anthropic – Is This How AWS Will Dominate AI? Amazon invests an additional $4 billion in AI startup Anthropic, totaling $8 billion, enhancing collaboration on generative AI services.
Amazon at Risk of Massive Fines as EU Investigates Digital Markets Act Violation Amazon faces EU antitrust investigation for potential violations of the Digital Markets Act, risking fines of up to 10% of global revenue.
Amazon’s New Low-Cost Store Aims to Compete with China’s Temu and Shein Amazon launches Amazon Haul, a web store for ultra-low-priced items under $20, targeting competition from Chinese platforms.
Apple TV+ Joins Amazon Prime Video: Streamlined Access for U.S. Viewers Amazon will add Apple TV+ to Prime Video by month's end, allowing users to subscribe directly for $9.99 monthly.
Amazon Shuts Down More Go Stores but Keeps Its Just Walk Out Tech Alive Amazon reduces Amazon Go stores by half, closes three, and focuses on licensing cashierless tech to third-party stores.
Mark Zuckerberg Becomes World’s No. 2 Richest, Surpassing Bezos Meta CEO Mark Zuckerberg has become the second richest person in the world, overtaking Amazon founder Jeff Bezos.
Is Your Shopping Spree at Shein Compromising Your Personal Security? Chinese e-commerce giant Shein has been criticized for potential security issues, including personal data breaches, that could occur as it exports its logistics supply chain services and technology to the global market. Concerns were raised from within the U.S. that the Chinese government could seize data on logistic supply chain information and sensitive personal data […]
Amazon to Roll Out Cheap Goods to Trump Temu and Shein With fierce competition from Chinese e-commerce platforms, Amazon is launching a dedicated section exclusively for ultra-low-priced products.
Why Amazon's Zoox Chose Miami and Austin for Their Next Robo-Taxi Trials? Zoox, a self-driving technology developer under Amazon, announced that it plans to begin testing soon in Miami, Florida, and Austin.
Tech Stocks Rally: Nvidia and Microsoft at the Forefront The New York Stock Exchange closed higher on the 21st (local time). The stock market’s rise was driven by anticipation of Nvidia’s earnings announcement, ahead of the release of the minutes from last month’s Federal Open Market Committee (FOMC) meeting of the Federal Reserve (Fed). At the NYSE, the Dow Jones Industrial Average closed at […]
Awaiting the Upgrade: Amazon’s Big Bet on Nvidia’s Blackwell Chip According to the Financial Times (FT) on the 21st (local time), Amazon has reportedly postponed its existing orders to receive NVIDIA’s latest super chips. The decision was made because the performance of Blackwell is twice as high as the previous model, and the launch date will not be significantly delayed. The FT commented that such […]
Amazon's Bold Move: Online Shopping Service Launches in South Africa Amazon has thrown down the gauntlet to many online retailers led by Naspers’s Takealot. Amazon announced on the 7th (local time) that it will launch an online shopping service in South Africa. Amazon Africa will offer same-day and next-day delivery through more than 3,000 pickup points. Shoppers can get free shipping on their first order, […]
Is China's E-commerce Dominance a Threat to Amazon and Walmart? Chinese e-commerce companies are increasing their influence in the global market. According to the Korea Institute for International Economic Policy on the 6th, German market research firm Statista analyzed that Chinese e-commerce companies are leading the global market. Citing e-commerce research firm eCommerce DB, Statista reported that based on B2C e-commerce sales, China’s online retail […]
Amazon's AI Investment Pays Off with Record Profits Amazon’s first-quarter results exceeded market expectations. Amazon’s first quarter revenues in 2024 amounted to $143.3 billion, a 12.5% increase from the previous year, surpassing the consensus by 0.5%. Operating profit soared 220.6% to $15.3 billion, beating the consensus by 35.9%. Earnings Per Share (EPS) exceeded expectations by 16.4% at $0.98. The rise in profitability of […]
Amazon's E-commerce Dominance Continues, Overshadowing Walmart Amazon.com, Inc. (AMZN) is expected to continue improving its profitability after all of its business units recorded strong results last quarter and announced plans for layoffs. Amazon’s earnings per share (EPS) for the fourth quarter of 2023 exceeded market expectations by 24.2%. The cloud division met market expectations, while the e-commerce division exceeded them. Amazon’s […]
Citadel CEO Ken Griffin Bets Big on Amazon's AI Future Citadel LLC CEO Ken Griffin has increased his stake in Amazon.com, Inc. This decision is based on Amazon’s growing prominence as a leader in AI (Artificial Intelligence) within the cloud and e-commerce platforms. According to industry sources on the 10th, Griffin’s Citadel hedge fund has more than tripled its investment in Amazon.com, Inc. Citadel’s top […]
China's E-commerce Take Over Global Market, Shopee Beats Amazon Chinese e-commerce companies are relentlessly waging a global market share war. As of January, seven of the top 10 global e-commerce applications for monthly users were Chinese companies or had Chinese capital invested. According to the Nikkei on the 11th, a study by U.S. research firm Sensor Tower showed that Sea’s Shopee in Singapore topped […]
Amazon Steps Up E-commerce Game with AI Shopping Assistant Analysts predict that Amazon will upgrade its online shopping and data competitiveness in the age of generative AI. Park Yeon Ju, a researcher at Mirae Asset Securities, said, “The introduction of advanced generative AI technology in the next 2-3 years is expected to alleviate various inconveniences that users experience during online shopping, accelerating the growth […]
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