Amazon has announced the launch of Project Amelia, an AI assistant designed to help sellers grow their businesses on the platform by answering questions about their metrics and resolving issues on behalf of sellers. According to reports, Project Amelia is currently available to a limited set of sellers in the United States and is built…
Amazon: $2 Trillion Market Cap
Amazon Inc. is an American multinational technology company founded in 1994 and headquartered in Seattle, Washington, and Arlington, Virginia. It specializes in e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence. According to reports, Amazon hit the $2.01 trillion USD market cap mark after its shares rose nearly 4%, finishing the day at $193.61…
Amazon: $10.75 Billion Cloud Investment In Germany
Amazon has announced plans to invest $10.75 billion USD in Germany to expand its cloud infrastructure and logistics network in the country. According to reports, about $8.8 billion USD will be used to enhance the cloud infrastructure for Amazon Web Services (AWS) in Frankfurt by 2026. The report further mentions that the remaining funds will…
Amazon: $1.3 Billion France Investment
Amazon has announced plans to invest $1.3 billion USD in its French operations. It also aims to create more than 3,000 permanent jobs in the country. This investment deal will enhance cloud infrastructure for Gen AI and research centers as it plans to expand logistics networks for faster eco-friendly deliveries. Last week, Incognito blog reported…
Amazon: $9 Billion Cloud Computing Investment
Amazon Web Services (AWS) has announced plans to invest $9 billion USD in expanding its cloud infrastructure in Singapore. This investment will be made over the next four years and will help AWS meet growing customer demand for cloud services and accelerate the adoption of artificial intelligence technologies. The report further states that the investment…
Amazon: $10.6 Million Fine
Italy’s competition authority has fined two Amazon companies a sum of $10.6 million USD for allegedly engaging in unfair commercial practices related to online purchases. The Italian Competition Authority, also known as Autorità Garante della Concorrenza e del Mercato (AGCM), is a competition regulator in Italy. It is responsible for consumer protection against unfair trade…
Amazon To Layoff Hundreds
Amazon Web Services, Inc. (AWS) is a subsidiary of Amazon that provides on-demand cloud computing platforms to individuals, companies, and governments on a metered, pay-as-you-go basis. Its web services were founded in 2002, and its cloud computing unit was established in 2006. According to reports, AWS has announced plans to lay off hundreds of employees…
Amazon: $7.8 Million Fine
Amazon has been fined $7.8 million USD by the Competition authorities in Poland for misleading customers about product availability and delivery dates. UOKiK stands for the Office of Competition and Consumer Protection in Poland. It’s the government agency that’s responsible for enforcing competition law and consumer protection law in Poland and takes action against anti-competitive…
Jeff Bezos is the Richest Man in the World
Jeff Preston Bezos is a business man, investor, and founder of the largest e-commerce company in the world, Amazon. Jeff was born on January 12 1964 in the town of Albuquerque, New Mexico, USA. He started Amazon in 1994 as an online bookstore, a few years after graduating from renowned Princeton University, with degrees in…
Amazon: $1.9 Million Settlement
Amazon has agreed to pay the sum of $1.9 million USD to 700 migrant contract workers to settle claims that they suffered human rights abuses as a result of exploitative labor contracts in Saudi Arabia. The third-party temporary labor agency involved was Abdullah Fahad Al-Mutairi Co. (AFMCO). The report states that workers had to pay…