Amazon’s cloud storage unit Amazon Web Services (AWS) could be headed to a value of $3 trillion, nearly three times what the entire company is worth. That’s according to Alex Haissl, a Redburn Ltd. analyst quoted by Bloomberg News Wednesday (June 29). Haissl also said...
Seeing eventual limitations to simply giving Alexa commands — “Alexa, buy milk,” “Alexa, turn the AC down,” — Amazon’s engineers believe the voice recognition AI needs to think for itself. At Amazon’s re:MARS event that wraps up Friday (June 24) in Las Vegas after four days...
Amazon is now ready to deploy its first fully autonomous mobile robot that was developed to perform its work and automatically move around employees. Proteus can operate in the same physical space as people without the need for confinement to separate areas, as was the...
Amazon is reportedly planning to open a second brick-and-mortar clothing store, this time in Columbus, Ohio. According to multiple news reports this week, the retail giant is scheduled to open its new Amazon Style location at Easton Town Center. So far, details are limited about...
(Update: adds Target Deal Days announcement) With Amazon announcing the latest iteration of its annual Prime Day event, it didn’t take long before rival retailers began to unveil their own sales and promotional events, at a time when the industry is bulging with inventory and...
Grand Rapids, Michigan-based SpartanNash, a publicly traded food distributor and retailer with ties to Amazon, is growing its retail footprint by buying up existing grocery brands. On Tuesday (June 14), the company announced that it has acquired northwestern Michigan grocery chain Shop-N-Save Food Centers, which...
Amazon has chosen the residents of Lockeford, California, to be among the first customers to receive drone deliveries from its Prime Air service. “Lockeford has historic links to the aviation industry,” the retail giant said in its announcement Monday (June 13). “The community boasts one of...
Amazon will share marketplace data with its sellers and boost rivals’ product visibility on its platform if the European Commission will close its 2020 investigation with no fine levied against the world’s largest retailer by the end of this year, people familiar with the situation...
Amazon CEO Andy Jassy said the supply chain crisis has seen Amazon ordering things “significantly earlier” than it used to to try and ensure timely deliveries, he said in a big interview with the Bloomberg Technology Summit in San Francisco, a report said Wednesday (June...
