eCommerce Daily News
September 25, 2023
Amazon lines up a $4 billion investment into AI startup Anthropic
Amazon has announced a $4 billion investment in AI startup Anthropic, with an initial investment of $1.25 billion. Google is also a major investor in Anthropic, which is aiming to raise up to $5 billion in the next two to three years. This move puts Amazon in direct competition with Microsoft, Meta, Google and Nvidia in the AI sector.
Amazon Prime Video announces major change coming in 2024
Amazon Prime Video will start including "limited advertisements" in early 2024, with an ad-free option available for an additional $2.99 per month for U.S. Prime members. This change comes as prices for competing streaming services are increasing and Netflix is experiencing a strong level of U.S. sign-ups. Warner Bros. Discovery's new streaming platform, Max, offers three different membership plans with varying levels of ads.
September 24, 2023
Amazon Tests Prime Member Loyalty With Streaming Ad Push
Amazon Prime has been a successful service, offering fast shipping and other benefits to its members. However, Amazon has recently increased fees and added ads, which could push away members who are on the fence about staying with Prime. Traditional retailers have also sped up their online shipping and invested in pick-up options, making it easier for customers to drop Prime. Amazon must be careful not to destroy the customer loyalty it has built up over the years.
Nvidia, Amazon, and Alphabet Announced 3 Key Artificial Intelligence (AI) Developments Last Week You May Have Missed
The development of generative AI has sparked a gold rush in the tech industry, with Amazon and Google leading the charge. Amazon has upgraded its voice-controlled digital assistant Alexa, while Google has launched its generative AI, Bard, with a new language model and reinforcement learning techniques. Nvidia is also looking to expand its presence in India, which has a population of 1.4 billion and could potentially be a large AI market. Nvidia CEO Jensen Huang is working to set the stage for Nvidia's next big production hub and AI chip market.
1 Super Stock Just 28% Away From Joining Apple, Microsoft, Amazon, Alphabet, and Nvidia in the $1 Trillion Club
Meta Platforms is close to joining the exclusive $1 trillion market capitalization club, with its stock prices up 144% this year and its market cap at $778 billion. The company has seen a 7% increase in user time spent on Facebook due to AI discovery, and a 30% and 40% improvement in monetization efficiency on Instagram and Facebook respectively. This has resulted in a return to revenue growth for the company, and a 77% increase in net income in the second quarter of 2023. Wall Street analysts expect the company's EPS to surge in the second half of the year, potentially taking the stock to a P/E of 22.8 and a $1 trillion valuation.
Amazon To Show Ads On Prime Videos From Next Year Amid Slowdown In Subscribers
Amazon has announced that it will begin displaying limited advertisements on Prime Video in 2021 in order to fund further content investments. The ads will be fewer than traditional TV and other streaming providers, and Prime membership plans will remain unchanged.
Amazon unveils a ‘smarter’ Alexa. Its AI has a lot of work to do
Amazon has announced a new version of its popular voice assistant, Alexa, powered by "smarter and more-conversational" artificial intelligence. This version is designed to be more proactive and personalized, with the ability to understand commands for smart home control. Additionally, Amazon has created a separate Alexa specifically designed for children to answer questions in a safe manner. However, there is a concern about trust, as chatbots have a reputation for sometimes giving out bad advice.
Amazon unveils a ‘smarter’ Alexa. Its AI has a lot of work to do
Amazon has announced a new version of its popular voice assistant, Alexa, powered by "smarter and more-conversational" artificial intelligence. This version is designed to be more proactive and personalized, with the ability to understand commands for smart home control. Additionally, Amazon has created a separate Alexa specifically designed for children to answer questions in a safe manner. However, there is a concern about trust, as chatbots have a reputation for sometimes giving out bad advice.
Amazon unveils a ‘smarter’ Alexa. Its AI has a lot of work to do
Amazon has announced a new version of its popular voice assistant, Alexa, powered by "smarter and more-conversational" artificial intelligence. This new version is designed to be more proactive and personalized, with the ability to understand commands for smart home control. Additionally, Amazon has created a separate Alexa specifically designed for children to answer questions in a safe manner. However, there is a concern about trust, as chatbots have a reputation for sometimes giving out bad advice.
Amazon unveils a ‘smarter’ Alexa. Its AI has a lot of work to do
Amazon has announced a new version of its popular voice assistant, Alexa, powered by "smarter and more-conversational" artificial intelligence. This new version is designed to be more proactive and personalized, with the ability to understand commands and respond appropriately. Amazon is also working on guardrails to ensure the new Alexa does not disclose personal information and has created a separate Alexa specifically designed for children to answer questions in a safe manner.
September 23, 2023
Who Owns Amazon? Top Shareholders & Owners
Amazon is the world's largest e-commerce company, founded by Jeff Bezos in 1994. It has a market capitalization of $1.05 trillion and offers a wide range of products and services. Its top individual shareholders are Jeff Bezos, Andrew Jassy, and Douglas Herrington, and its top institutional shareholders are Vanguard, Blackrock, and State Street. Investors can purchase shares of Amazon by opening a trading account through a brokerage firm or other. Jeff Bezos suggests that everyone get eight hours of sleep to help them make better decisions.