Amazon

Amazon
Amazon Gets 3 Weeks to Show Compliance With Digital Services Act
July 05, 2024

The European Commission wants Amazon to prove it’s complying with the Digital Services Act (DSA). The watchdog group has given the tech giant until July 26 to turn over information on the measures it has taken to follow the law, Reuters reported Friday (July 5)....

Amazon
Amazon Drops SMB Robot to Focus on Home Robot
July 03, 2024

Amazon is discontinuing its security robot designed for small and medium-sized businesses (SMBs) about eight months after introducing it. The company will instead concentrate its efforts in this field on household robots, Reuters reported Wednesday (July 3). Amazon launched the Amazon Astro robot for household...

Amazon
Amazon Merges Clinic and Amazon One Medical Into Single Brand
June 27, 2024

Amazon’s pay-per-visit telehealth service and its One Medical program are now a single brand. The company announced Thursday (June 27) that Amazon Clinic, introduced in 2022, was being renamed Amazon One Medical Pay-per-visit. With that name change comes some others: customers now have the choice...

Amazon
Amazon Takes On Temu and Shein With China-Direct Discount Section
June 26, 2024

Amazon will reportedly add a section to its shopping site that aims to compete with Temu and Shein, featuring items that are cheap and are shipped from China to overseas consumers. The new marketplace will offer apparel, home goods and consumer goods, along with delivery in nine to 11...

Amazon
Amazon Market Valuation Tops $2 Trillion for First Time
June 26, 2024

Amazon’s market valuation topped $2 trillion for the first time Wednesday (June 26), driven in part by investor interest in artificial intelligence (AI). The company became the fifth U.S. firm to reach that milestone, with the others being Microsoft, Apple, Nvidia and Alphabet, Reuters reported Wednesday. Together with...

Amazon
Amazon Expands Prescription Offering to Medicare Members
June 18, 2024

Amazon said it has expanded its prescription drug program to include Medicare beneficiaries. Beginning Tuesday (June 18), more than 50 million enrollees in the government health insurance program are eligible for Amazon’s RxPass, a Prime member benefit that allows for affordable access to common medications,...

Amazon
Amazon Gives $230 Million in AWS Credits to AI Startups
June 13, 2024

Amazon is reportedly investing $230 million in Amazon Web Services (AWS) credits in AI startups. As Reuters reported Wednesday (June 13), these credits will give early-stage generative artificial intelligence (AI) firms free access to computing power, a variety of AI models, and infrastructure, provided they build their companies using...

Amazon
Amazon Exec Says Restaurant Ordering About Boosting Daily Engagement With Prime
May 31, 2024

As Amazon looks to make its Prime membership increasingly indispensable to customers’ day-to-day lives, the eCommerce giant’s new partnership with Grubhub aims to drive more frequent engagement with the subscription’s offerings. On Thursday (May 30), Amazon announced the expansion of its partnership with Grubhub. In...

Amazon
Amazon Ramps Up Logistics Expansion to Speed Delivery, Reduce Costs
May 22, 2024

Amazon is reportedly ramping up its logistics expansion efforts to compete with rivals such as Walmart, Shein and Temu. The company is focusing on acquiring industrial property and restructuring its distribution network to enhance package delivery speed and reduce shipping costs, the Wall Street Journal (WSJ) reported Wednesday...