pymnts Profile:
Amazon (NASDAQ: AMZN)
Amazon.com, Inc., doing business as Amazon, is a multinational technology company focusing in e-commerce, cloud computing, and artificial intelligence in Seattle, Washington.
Regulations, Innovations and AI Define This Week in Big Tech
April 18, 2024
Big Tech companies, including Meta, Alphabet (Google), Amazon, Apple and Microsoft, aren’t getting any smaller. Not only do these businesses represent many of the world’s most valuable public companies by market capitalization, but ...Read moreAmazon Licenses Just Walk Out Tech in Battle for Grocery Stores’ Loyalty
April 17, 2024
Amazon is pushing sales of its Just Walk Out technology even as it pulls back on the checkout system in its own grocery stores, a move that comes as tech ...Read moreIntel and Partners Want to Solve Enterprise AI’s Interoperability Problem
April 17, 2024
Few innovations throughout history have progressed as fast as generative artificial intelligence (AI) has. And with the news Tuesday (April 16) that Intel, working with several other industry partners, is collaborating ...Read moreAmazon Live Launches Shoppable Channel Integrating TVs and Mobile Devices
April 16, 2024
Amazon Live has launched an interactive and shoppable channel called FAST Channel on Prime Video and Amazon Freevee. This channel will feature Amazon’s “shop the show” technology that allows customers to use their mobile device ...Read moreAmazon Puts All Three Claude AI Models on Bedrock
April 16, 2024
Amazon Bedrock now features all three versions of Anthropic’s Claude 3 artificial intelligence (AI) model. That makes Bedrock the first and thus far only managed service to make all three Claude 3 models — Opus, Sonnet ...Read moreConsumers Say Amazon’s Big Spring Sale Was Stronger Than Walmart+ Week
April 16, 2024
Last month, Amazon introduced its first-ever Annual Big Spring Sale. Whereas Amazon’s Prime Days events are designed to woo Amazon subscribers into filling their shopping carts with merchandise, the Big ...Read moreCE 100 Index Slips 2% as Bank Earnings Spark Decline
April 15, 2024
Earnings season has begun, and at least initially, investors seemed nonplussed. Despite resilient consumer spending, inflation’s sticky too — and pressures are evident in the CE 100 Index, especially on ...Read moreSelf-Service Confronts Big Issues to Meet Consumer Demand
April 12, 2024
Across restaurants, grocers and nongrocery retailers, self-service is gaining ground, and merchants are making smarter choices about how they apply it. Take the restaurant industry, where a key concern is balancing ...Read moreWalmart Aims to Regain Healthcare Lead Over Amazon
April 12, 2024
With Amazon having just recently pulled ahead of Walmart in health and wellness, the latter is looking to regain its lead by expanding its presence in the space. The retailer is adding 18 more Walmart ...Read moreAmazon CEO Shareholder Letter Goes Big on AI and AWS
April 11, 2024
Amazon CEO Andy Jassy published his 2023 Letter to Shareholders Thursday (April 11), outlining how the company is changing and its goals for the future. It’s a 28-minute read by Amazon’s own count. If you don’t ...Read more
Amazon Pharmacy Expands Same-Day Delivery to New York, Los Angeles
March 26, 2024
Amazon Pharmacy expanded its same-day delivery of prescription medication to New York City and the greater Los Angeles area. These cities join five others in which this service is already available: Austin, ...Read moreAmazon Opens Grocery Delivery Program to Non-Prime Customers
November 9, 2023
Amazon is expanding its grocery delivery/pickup program to include shoppers who aren’t Prime subscribers. The retail giant is making grocery delivery and free pickup available to all customers in any U.S. ...Read moreAmazon Pays Customers For Pickup to Cut Delivery Costs
May 9, 2023
Amazon is offering customers a deal to lower delivery costs: Pick up your items, get $10. As Reuters reported Monday (May 8), the eCommerce giant has recently begun emailing Prime subscribers ...Read moreAmazon Raises Threshold for Free Grocery Delivery to Cover Costs
January 27, 2023
Amazon is raising the amount Prime members must spend to get free grocery delivery. Effective Feb. 28, members must order $150 for free delivery from Amazon Fresh. For smaller orders, there will ...Read moreAmazon Offers Same-Day Delivery From Local Retailers
August 1, 2022
Amazon has given Prime members in 10 United States metro areas the ability to shop at local retail stores using the company’s app and website and have their purchases delivered ...Read moreAmazon Tests Same-Day Mall Deliveries
May 20, 2022
Amazon.com Inc. delivery drivers are fetching packages from mall stores and dropping the goods off at consumers’ homes under a plan the company is testing, Bloomberg reported Friday (May 20). The ...Read moreWhole Foods Orders Drop After New Delivery Fee, Report Says
December 26, 2021
Whole Foods customers have voted against the company’s new $9.95 delivery fee, a report says. The company, owned by Amazon, used to offer free delivery to Amazon Prime customers. But recently ...Read moreAmazon to Take Top Package Delivery Spot From Rivals FedEx, USPS, UPS
November 29, 2021
Move over UPS, FedEx and USPS. By early next year, Amazon will be the largest delivery service in the U.S., according to Amazon CEO of worldwide consumer service Dave Clark ...Read moreAmazon Now Offers Free One-Day Brazil Delivery
August 4, 2021
Amazon has rolled out free one-day delivery to Brazilian Prime members in 50 cities across the Latin America hotspot. With the offering, Amazon stays in the lead in its battle for ...Read moreAmazon Supplies Logistics To Rivals
August 3, 2021
Amazon is rolling out the welcome mat to its competitors, hoping to become every company’s one-stop fulfilment center regardless of origin or destination, Financial Times reported on Tuesday (Aug. 3). The ...Read more
Amazon Beta Launches Generative AI Shopping Assistant Rufus
February 1, 2024
Amazon has beta launched a new generative artificial intelligence (AI)-powered shopping assistant. Dubbed “Rufus,” the assistant is now available to a small subset of customers using the Amazon mobile app and will ...Read moreAmazon Unveils Alexa Features to Help Seniors, Caregivers
May 11, 2022
Amazon has unveiled two features for the Alexa Together function on its Alexa devices designed to help older people and their caregivers. In an announcement posted on its website Wednesday (May ...Read moreCashierless Tech, Starbucks Deal Put Amazon in QSR Business
November 18, 2021
The rumors are true: Amazon is making moves into the quick-service restaurant (QSR) space, partnering with Starbucks to bring its “Just Walk Out” frictionless checkout technology into the latter’s stores. ...Read moreLondon Opens First Market Outside of US To Use Amazon’s Cashierless Tech
November 16, 2021
London is opening the first market outside of the U.S. to use Amazon’s white-labeled Just Walk Out technology, Bloomberg reported Monday (Nov. 15), citing sources who said that Amazon Sainsbury’s ...Read moreAmazon One Palm Scanning Tech Moves Into Entertainment With AXS Collab
September 14, 2021
Amazon is taking its palm scanning technology, Amazon One, out of the retail aisles and into entertainment venues through a partnership with ticketing solutions firm AXS. The collaboration brings the “first-ever ...Read moreAmazon to Pilot ‘Just Walk Out’ Tech at Whole Foods Locations
September 8, 2021
Amazon’s Just Walk Out technology will be trialed at Whole Foods locations in Washington, D.C.’s Glover Park neighborhood and Sherman Oaks, California, giving shoppers the option of skipping the checkout ...Read moreAmazon Mulls Alexa Wearables For Children
July 14, 2021
Amazon is looking into developing Alexa-powered wearable GPS-equipped devices for children aged 4-12, Bloomberg reported on Wednesday (July 14). The new wearable, which is code-named Seeker, could be a wristband, keychain or ...Read moreVodafone, Amazon To Bring Speedy 5G ‘Edge Computing’ Services To UK Businesses
June 16, 2021
Vodafone and Amazon Web Services are partnering to bring so-called “edge computing” to business customers in the U.K. Edge computing quickly analyzes bulk data — collected from, say, the factory ...Read moreAmazon, Tile Team Up To Compete With Apple AirTags
May 7, 2021
Amazon has announced new partnerships in hopes of enhancing its connected devices to compete with products such as Apple AirTags. The company said Friday it had formed partnerships with Tile, which ...Read moreAmazon Expands Palm Biometrics In Seattle
February 1, 2021
Three more Amazon Go stores in Seattle are being equipped with Amazon One palm-reading biometric identification scanners, Geekwire reported on Monday (Feb. 1). The eCommerce giant already added the palm scanning ...Read more
Amazon to Change How Alexa Developers Are Paid
April 10, 2024
Amazon will stop paying developers to create applications — called Skills — for its voice assistant Alexa. This will end an offering that has been available to developers since 2017 and ...Read moreAmazon Employees Debate Idea of Charging for Alexa
January 22, 2024
Would you pay a subscription to use Amazon’s voice assistant Alexa? Inside the company, that’s apparently the subject of some debate. A recent Business Insider report — citing internal documents and ...Read moreAmazon Devices Leader Dave Limp Named CEO of Bezos’ Blue Origin
December 21, 2023
Amazon veteran Dave Limp is going from Alexa to outer space. Limp, who led the company’s devices unit, was chosen by Amazon founder Jeff Bezos to be CEO of his aerospace ...Read moreAmazon Adds Favorites and Shortcuts to Alexa App
December 1, 2023Amazon has unveiled a redesigned Alexa app, offering users an enhanced experience in managing their smart home devices. The updated app has new customization options and prioritizes frequently used smart home ...Read moreAmazon Puts Alexa in the Driver’s Seat, Walmart Revs Up Package Delivery
November 24, 2023
Amazon and Walmart are revving up their engines with initiatives set to hit consumers by the year’s end or the start of 2024. The projects go full throttle on transportation ...Read moreWith Hyundai Deal, Alexa Helps Amazon Link Commerce to Connected Cars
November 22, 2023
With the recent news that Amazon is partnering with Hyundai, the conventional wisdom might be to say: Amazon sells pretty much everything else across its platform, and as part of its ...Read moreDoes Meta’s 3.59 Billion Users Give It Competitive AI Moat?
September 29, 2023
Big Tech’s artificial intelligence (AI) arms race shows no signs of slowing to a cold war. At least not any time soon, while there are still consumers to convert and addressable ...Read moreAmazon’s Bid to Get Smart Glasses Right
September 26, 2023
Smart glasses have long been the stuff of science fiction dreams, promising a future where we can seamlessly integrate digital information and augmented reality into our daily lives. However, despite ...Read moreThis Week in AI: Interactive Evolutions, Enterprise Wins, Biometric Payments
September 21, 2023
Generative artificial intelligence (AI) hasn’t even celebrated its first birthday yet. But the innovative technology continues to be the gift that keeps on giving. Another week has gone by, and with it ...Read moreAmazon Makes Alexa More Human-Like to Increase VoiceTech Adoption
September 20, 2023
Amazon aspires for Alexa to be an integral part of the consumer’s household. During its product launch on Wednesday (Sept 20), Amazon unveiled enhancements to its Alexa voice assistant, introducing intuitive ...Read more