Amazon’s $3 trillion valuation, achieved this week, is being treated as an artificial intelligence and cloud computing milestone. For retail leaders, it should be read as a broader signal that investors value the infrastructure surrounding commerce as much as the sale itself. The strategies both...
When it comes to retail shopping, consumers are largely using artificial intelligence as a shortcut through the growing complexity of eCommerce rather than as a replacement for making their own decisions. While AI is finding its strongest role in tasks that save time and simplify...
A U.S. appeals court overturned a March ruling that temporarily barred Perplexity’s artificial intelligence-powered agentic shopping tools from accessing Amazon’s platform, Reuters reported Tuesday (Aug. 4). Amazon argued that Perplexity’s AI agents violated a federal hacking law, while Perplexity countered that it did not violate...
Walmart has completed its acquisition of self-service streaming TV advertising platform Vibe.co. The deal will help Walmart’s commerce media business Walmart Connect bring to market new and differentiated ways for advertisers to plan, purchase and measure streaming TV advertising, the retail giant said in a...
Amazon joined several of its fellow tech giants in the $3 trillion club, Reuters reported Monday (Aug. 3). The company’s market value exceeded that figure for the first time Monday after Amazon reported earnings Thursday (July 30) that signaled that artificial intelligence continues to fuel...
On Amazon’s first-quarter earnings call, CEO Andy Jassy described agentic artificial intelligence as a work in progress. Well, progress has been made. By the end of Q2, Amazon had AI agents helping people shop, organizing employees’ digital work, supporting contact centers and scanning software for...
Amazon’s decision this week to scale back parts of its homegrown artificial intelligence portfolio has been taken by the marketplace as a retreat from the frontier-model competition. That’s only partly true. Amazon appears to be abandoning the most expensive and least defensible layer of the...
Amazon has reportedly uncovered instances of “catastrophically expensive” cost overruns caused by errors in AI deployment. That’s according to a report Thursday (July 30) from the Financial Times (FT), citing multiple sources familiar with the matter. Those sources said that Amazon senior engineers told colleagues at a staff...
Amazon is reportedly phasing out several in-house artificial intelligence (AI) models in a larger AI overhaul. The tech giant is also reorganizing teams and having engineers focus on a new strategy that involves competing at the frontier level, Business Insider reported Tuesday (July 28), citing...