Amazon invested Rs 350 crore (about $41 million) into Amazon Pay India, the Economic Times reported Friday (April 25), citing regulatory filing with the Registrar of Companies. Amazon Pay was the eighth-largest Unified Payments Interface (UPI) player by transaction volume in March, and it’s looking...
AWS is reportedly facing criticism over the limits it places on customers’ use of Anthropic’s artificial intelligence (AI) models. The limits are “arbitrary” and suggest the AWS doesn’t have enough server capacity or is reserving some of it for large customers, The Information said Monday (April 21) in...
Amazon’s third-party sellers are likely to try to pass the cost of tariffs on to consumers, Amazon CEO Andy Jassy said Thursday (April 10). Interviewed on CNBC, which shared the video on its website, Jassy said sellers may not have the margin to absorb the...
Amazon has reportedly experimented with using its delivery drivers as emergency responders. The tech giant outfitted delivery vans in Europe with defibrillators to see whether those drivers could provide faster aid to heart attack victims, Bloomberg News reported Thursday (April 10), citing company documents. According to the report,...
Amazon reportedly canceled orders from multiple vendors in China and other Asian countries after President Donald Trump’s April 2 announcement that the United States planned to levy tariffs on goods from more than 180 countries. The company’s cancellations of the orders came without warning and...
The Amazon Alexa Fund has expanded the scope of its investments to include a variety of developments in artificial intelligence (AI). The fund, which was launched in 2015 to provide venture capital funding for voice and smart devices, has also been investing in startups focused...
Amazon continued its fight against counterfeit goods in 2024 by using artificial intelligence (AI) tools, seeing that counterfeiters are held liable and increasing brands’ use of its brand protection features. The company’s AI tools that proactively block infringements stopped more than 99% of suspected infringements...
Amazon has filed a lawsuit in response to a regulator’s ruling governing product recalls. The U.S. Consumer Product Safety Commission (CPSC) in January found that Amazon was responsible for the recalls of items sold on its site. The commission had found last year that Amazon...
Amazon plans to start helping dealers sell used cars as well as new ones, according to Fan Jin, director and general manager of Amazon Autos. Speaking on the Tuesday (March 18) episode of the Automotive News Daily Drive podcast, Jin said that adding used inventory for dealers is “really...
