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☆ Amazon’s new cloud boss inherits a business under pressure to keep pace in AI
▼ + stars: | 2024-05-23 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +12 min

"It's very early days in generative AI," said Jassy, who succeeded Jeff Bezos as CEO in 2021. Davidson, told CNBC that Amazon was "caught flat-footed" by the generative AI boom. During a Q&A session on Wednesday, Jassy was asked twice about the status of Amazon's generative AI efforts. He said the company is "seeing a lot of momentum" in generative AI within AWS to where it's now a multibillion-dollar business based on annualized revenue. Amazon has previously said it intends to use generative AI to make Alexa more conversational.

Persons: Noah Berger, Andy Jassy, OpenAI's ChatGPT, Adam Selipsky, Jassy, Jeff Bezos, Matt Garman, Gil Luria, Davidson, Luria, Bezos, Selipsky, Casey McGee, McGee, Anthropic, Dario Amodei, OpenAI, it's, Garman, Amazon, wasn't, Dilip Kumar, Kumar, Swami Sivasubramanian, Jamie Meyers, Meyers, Matt, Jordan Novet, Kate Rooney Organizations: Web Services, Getty, Amazon, Microsoft, Google, D.A, CNBC, Amazon Web, Alexa, AWS, Nvidia, ChatGPT, Accenture, Toyota, Nasdaq, Investments Locations: Las Vegas, Vegas, Bezos, Anthropic

☆ Amazon wants businesses to use its palm-scanning tech to let employees into the office
▼ + stars: | 2023-11-28 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

Amazon is expanding its palm-scanning technology beyond grocery stores and is rolling out a version that's designed for the business world. Companies already signed up for the biometric technology include IHG Hotels and Resorts, turnstile manufacturer Boon Edam, and Kone, an escalator and elevator provider. Amazon didn't disclose pricing for the service, which is available in preview in the U.S. starting Monday. Advocacy groups have criticized the service over privacy and security concerns, arguing it leads to increased surveillance. Earlier this month, Amazon debuted Astro for Business, a version of its household robot that it's framing as a roving security guard for businesses.

Persons: Edam, Kone, Dilip Kumar, It's Organizations: Companies, Resorts, Amazon, Foods, Sports, Business Locations: U.S

☆ Lenovo is tackling circularity to power a new wave of user-friendly devices
▼ + stars: | 2023-11-21 | by ( Sponsor Post | Created Lenovo With Insider Studios | ) www.businessinsider.com time to read: +6 min

Lenovo's Next UX (user experience) team is one such group. "Our team gets to research and explore what's possible and what best empowers Lenovo users, and we share recommendations across the enterprise." Developing a modular PCYears ago, the Next UX team considered a maximally repairable PC concept called Project Aurora. And visionary, data-driven recommendations and the voices of our customers, users, and partners, continue to inform powerful innovation at Lenovo. Learn more about Lenovo's user experience solutions here.

Persons: Lincoln Hancock, Hancock, –, they've, Dilip Bhatia, what's, Alden Rose, Rose Organizations: Lenovo, COVID, Lenovo's, Technology, Next, Insider Studios

☆ Amazon’s top Fresh exec says store reopenings are part of broader grocery revamp
▼ + stars: | 2023-11-10 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +7 min

Peters now oversees Amazon Fresh and reports to ex-Tesco executive Tony Hoggett, who leads Amazon's physical stores business. Shoppers check out the sale items as they wait in line for the new Amazon Fresh store to open on E. Colorado Blvd in Pasadena, CA Thursday, September 15, 2022. In addition to the Woodland Hills Fresh store, Amazon reopened locations in nearby Pasadena and Irvine this week, after redesigning two Chicago-area Fresh stores in August. Amazon Fresh store in Los Angeles neighborhood of Woodland Hills Annie Palmer'Where's the butter located?' On Thursday, Amazon said it's opening the Fresh grocery delivery service to everyone in the U.S., after trials in a handful of cities.

Persons: Annie Palmer, Andy Jassy, Claire Peters, Peters, Tony Hoggett, Dilip Kumar, Stephenie Landry, Jeff Bezos, Amazon, Honey Grahams Organizations: Amazon, Woolworths, Amazon Fresh, Tesco, CNBC, Walmart, . Colorado, Medianews, los Angeles Daily, Getty, Citibank, Amazon Web, Woodland, Foods, Alexa Locations: Los Angeles, Woodland, ., Pasadena , CA, Woodland Hills, Amazon, Pasadena, Irvine, Chicago, U.S

☆ Rupee likely to open weaker pressured by surging U.S. yields
▼ + stars: | 2023-10-03 | by ( Jaspreet Kalra | ) www.reuters.com time to read: +2 min

MUMBAI, Oct 3 (Reuters) - The Indian rupee is likely to open weaker on Tuesday as U.S. treasury yields rose to fresh multi-year highs after the United States averted a partial government shutdown. Non-deliverable forwards indicate the rupee will open at around 83.25 to the U.S. dollar compared with a close of 83.04 in Friday's session. Buoyed by higher U.S. yields, the dollar index also climbed to 107.13 in Asia, its highest level since November 2022. While the rupee has come close to testing its record low levels in recent weeks, likely dollar sales from the RBI have managed to keep some of the weakness at bay. The rupee could see an intraday fall to a fresh record low if the dollar index continues to strengthen, said Dilip Parmar, a foreign exchange research analyst at HDFC Securities.

Persons: Loretta Mester, Dilip Parmar, Jaspreet Kalra, Sonia Cheema Organizations: U.S, . Federal Reserve, Reserve Bank, Cleveland, Reserve Bank of India, Brent, HDFC Securities, Thomson Locations: MUMBAI, United States, Asia

India's defence ministry did not respond to Reuters questions. The U.S. Congress in 2019 banned the Pentagon from buying or using drones and components made in China. India has set aside 1.6 billion rupees ($19.77 billion) for military modernisation in 2023-24, of which 75% is reserved for domestic industry. But the ban on Chinese parts has raised the cost of making military drones locally by forcing manufacturers to source components elsewhere, government and industry experts said. Sameer Joshi, founder of Bengaluru-based NewSpace Research and Technologies, a supplier of small drones for India's military, said 70% of goods in the supply chain were made in China.

Persons: Narendra Modi, Sameer Joshi, Joshi, Dilip, ADE, Nirmala Sitharaman, Narang, Krishn Kaushik, Joe Cash, David Crawshaw, YP Rajesh Organizations: Reuters, U.S, Congress, Pentagon, Research, Technologies, Manohar Parrikar Institute for Defence Studies, Finance, YP, Thomson Locations: DELHI, India, China, Delhi, cyberattacks, Beijing, Bengaluru, Polish

☆ Rupee ends at 3-wk high on dollar inflows; Fed meet in focus
▼ + stars: | 2023-07-24 | by ( Sethuraman N R | ) www.reuters.com time to read: +1 min

Likely corporate dollar inflows related to an Indian conglomerate was the major driver for the rupee's move, traders and analysts said. There are possibilities of central bank intervention given that it has previously bought dollars in the 81.85-81.90 range, said Dilip Parmar, research analyst at HDFC Securities. The appreciation in the rupee is also on the moderate side given the rise in the dollar index, Parmar said. The dollar inflows into equities have also been helping the rupee, traders added. The dollar index , on the other hand, has recovered from 15-month lows hit last week and was up 0.2% on Monday.

Persons: Dilip Parmar, Parmar, India's, Avni Jain, Sonia Cheema Organizations: U.S ., HDFC Securities, Reserve Bank of India, U.S . Federal, European Central Bank, Bank of, FX, HDFC Bank, Sethuraman NR, Thomson Locations: BENGALURU, Bengaluru

The AI models behind a viral chatbot like ChatGPT require immense computing power to train and operate, the kinds of costs Amazon Web Services (AWS) is good at lowering, said Dilip Kumar, vice president overseeing its applications group. A potential boost is that the company, like Google (GOOGL.O), has proprietary chips for AI. Rivals Microsoft (MSFT.O) and Google have marketed higher profile, proprietary technology, capturing mindshare and some business in the sector's potentially lucrative AI contest. Like Google, Amazon is marketing the technology of other prominent startups to give customers choice. The promise of AI aside, Amazon has faced uncertain economic conditions and slowing cloud revenue growth in the near term.

Persons: Dilip Kumar, Jeffrey Dastin, Nuri Vallbona AUSTIN, Kumar, Jamie Freed Organizations: Amazon, REUTERS, Amazon Web Services, Google, Rivals Microsoft, Microsoft, Thomson Locations: Austin , Texas, U.S, Austin

REUTERS/Francis MascarenhasBALASORE, India, June 7 (Reuters) - Indian authorities made fervent appeals to families on Tuesday to help identify over 100 unclaimed bodies kept in hospitals and mortuaries after 275 people were killed in the country's deadliest rail crash in over two decades. Following non-stop efforts to rescue survivors and clear and repair the track, trains resumed running over that section of the line on Sunday night. Till Monday evening around 100 bodies were yet to be identified, a senior state health department official told Reuters. Bijay Kumar Mohapatra, health director of Odisha, said authorities were trying to source iced containers to help preserve the bodies. "Unless they are identified, a post mortem cannot be done," Mohapatra said, explaining that under Odisha state regulations no autopsy can be conducted on an unclaimed body until 96 hours has passed.

Persons: Dilip Kumar Sabar, Jyotilal Sabar, Francis Mascarenhas BALASORE, Bijay Kumar Mohapatra, Odisha, Mohapatra, A.M, Chowdhary, Jatindra Dash, Krishn Kaushik, Sudipto Ganguly, Simon Cameron, Moore Organizations: REUTERS, Reuters, All India Institute of Medical Sciences, India's Railway, federal Central Bureau of Investigation, CBI, Railway, Express, Thomson Locations: Balasore, Bhubaneswar, Odisha, India, Bhubaneswar's, Assam, Bihar, Jharkhand, West Bengal, Tamil Nadu, Karnataka, Andhra Pradesh, Chennai, Kolkata, Howrah

☆ Indian rupee posts biggest single-day gain in two months on strong growth data
▼ + stars: | 2023-06-01 | by ( Sethuraman N R | ) www.reuters.com time to read: +1 min

MUMBAI, June 1 (Reuters) - The Indian rupee saw its best single-day gain in two months on Thursday, and also rose to a two-week high during the session, following strong domestic growth data, which prompted traders to square off long dollar positions. On Thursday, the rupee rose 0.38%, to mark its best day since April 5. Consistent flows into equities coupled with strong economic data is supporting the rupee, said Dilip Parmar, a research analyst at HDFC Securities. Adding to strong growth numbers, India's factory output expanded at the quickest pace since October 2020 in May, thanks to strong demand and output, a private survey showed. The string of positives for the rupee has prompted USD/INR long positions to lose patience, a sales person at a private bank said.

Persons: Dilip Parmar, Parmar, Sonia Cheema Organizations: U.S ., HDFC Securities, . Federal Reserve, Fed, Sethuraman NR, Thomson Locations: MUMBAI, Mumbai

☆ Indian rupee hits six-week low as weaker yuan dents Asian currencies
▼ + stars: | 2023-05-17 | by ( Sethuraman N R | ) www.reuters.com time to read: +1 min

MUMBAI, May 17 (Reuters) - The Indian rupee hit a more-than-six-week low against the U.S. dollar on Wednesday, in line with the decline in other Asian currencies that tracked the fall in the Chinese yuan after weak economic data. The rupee hit 82.4425 against the U.S. dollar, its lowest since April 3, during the session, before recovering to close up 0.21% at 82.38. The weak economic print from China has weighed on Asian currencies, said Dilip Parmar, research analyst at HDFC Securities. Parmar doesn't expect the Reserve Bank of India to intervene at the current levels as other Asian currencies have started depreciating and the dollar index is strengthening. Domestic economic data points like easing inflation and improved external currencies have mostly come in support of the local currency.

☆ Panera Bread to start using handprints to greet you by name and suggest menu items
▼ + stars: | 2023-03-23 | by ( Aidan Pollard | ) www.businessinsider.com time to read: +3 min

Panera Bread will allow customers to link their handprints to loyalty accounts, the company announced. Panera will use handprints to greet customers by name and suggest menu items based on preferences. It allows Panera employees to greet customers by name and suggest menu items based on their preferences, a company press release said Wednesday. Go customers have the option of linking their palm print to their Amazon accounts, or using a credit card or app. The use of Amazon One technology will be optional at Panera Bread, the company stressed, and private data obtained through the new technology will be protected by security controls.

☆ Amazon has rolled out contactless tech to 200 locations including Panera cafes
▼ + stars: | 2023-03-22 | by ( Jeffrey Dastin | ) www.reuters.com time to read: +2 min

The e-commerce and cloud-computing giant is widening deployment of its contactless technology with existing customers, Vice President Dilip Kumar said in an interview. Amazon declined to provide growth figures, but in June 2022 the company said more than 69 locations in the U.S. and UK had such technology. On Wednesday the U.S. cafe chain Panera Bread unveiled Amazon One devices, which let customers scan their palms to pay, for two locations in greater St. Louis. Nearly 150,000 employees at tech companies have faced cuts this year alone, according to industry tracker Layoffs.fyi. "It wasn't as bad" for tech companies in the 2008 financial crisis.

Adani, whose home state is Gujarat in western India, built his business empire from scratch after starting as a commodities trader. Adani's business empire grew rapidly and his wealth ballooned. In recent years, the $220 billion Adani Group empire has attracted foreign investment - France's TotalEnergies (TTEF.PA), for example, partnered with Adani last year to develop the world's biggest green hydrogen ecosystem. It is not known what was discussed and Adani Group did not respond to a request for comment on Friday. Adani Group's consolidated gross debt stands at $23.34 billion, Jefferies says.

☆ INDIA RUPEE Rupee may open slightly lower, risks falling below key support
▼ + stars: | 2022-12-22 | by ( Nimesh Vora | ) www.reuters.com time to read: +2 min

MUMBAI, Dec 22 (Reuters) - The Indian rupee is likely to open marginally lower against the U.S. currency on Thursday, weighed by persistent dollar demand from importers and rise in oil prices. The rupee is expected to be around 82.85-82.88 at open, compared with 82.81 in the previous session. It looks like it will be another session where help will be needed to prevent the rupee from falling below 83, a trader at a Mumbai-based private bank said. Public sector banks have been regularly selling dollars lately, when rupee falls near to 82.85-82.90 levels. Asian currencies were mostly higher, while the dollar index was down to 103.98 on the back of the positive.

☆ Indian shares set to rise on China recovery hopes
▼ + stars: | 2022-12-19 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Dec 19 (Reuters) - Indian shares are set to open higher on Monday on hopes of demand recovery in China, even as concerns of global recession linger. Asian markets rebounded after a mixed start on hopes of demand recovery in China, with the MSCI Asia ex Japan (.MIAPJ0000PUS) rising 0.3%. Reports say that China planned to increase flights to encourage the recovery of its air transport market. Foreign institutional investors sold 19.75 billion rupees ($238.80 million) worth of equities on a net basis on Friday, while domestic investors bought 15.42 billion rupees ($186.44 million) of shares, as per provisional NSE data. ** Dilip Buildcon (DIBL.NS): Co gets order worth 16.47 billion rupees.

The rupee finished last week 1.2% lower at 82.27 per dollar, tumbling swiftly from trading in the 81-handle initially. Considering that, the rupee is still expected to be "stuck" in a range, they added. Meanwhile, India's benchmark government bond yield ended last week at 7.2982%, with the 8 bps gain its biggest weekly rise since late-September. Yields are expected to move in a narrow range of 7.26%-7.36%, with high chances of the upper end being tested, said a fixed income trader. After the Fed meeting, traders will also watch out for the central bank's dot plot to see where terminal rates could go.

☆ Amazon's cloud unit wants to widen appeal of cashier-less tech
▼ + stars: | 2022-12-01 | by ( Jeffrey Dastin | ) www.reuters.com time to read: +2 min

LAS VEGAS, Dec 1 (Reuters) - Amazon.com Inc (AMZN.O) hopes to interest a wider range of industries in the technology it developed for cashier-less checkout at brick-and-mortar shops, a vice president said. Since 2020, it has sold these systems to food and retail markets in airports, professional and university stadiums, and a convention center. In India, an area of growth for Amazon, it has bought another cashier-less company called Watasale, he said. TechCrunch in September reported Watasale's founders had moved to the online retailer, but Amazon had no comment on the acquisition at the time. Reporting by Jeffrey Dastin in Las Vegas; Editing by Howard GollerOur Standards: The Thomson Reuters Trust Principles.

☆ Dilip Kumar, una dintre cele mai mari vedete ale epocii de aur a cinematografiei indiene, a murit
▼ + stars: | 2021-07-07 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +2 min

Alături de Dev Anand şi Raj Kapoor, Dilip Kumar a fost unul dintre cei trei monştri sacri ai epocii de aur a Bollywood-ului, cuprinsă între sfârşitul anilor 1940 până la începutul anilor 1960.Poreclit "regele tragediei" din cauza sobrietăţii sale naturale, Dilip Kumar a apărut în peste jumătate de secol în circa şaizeci de filme, jucând în unele dintre cele mai emblematice producţii indiene ale perioadei respective.Kumar şi-a ratat însă probabil ocazia de a avea o carieră internaţională, refuzând oferta lui David Lean de a-l pe juca Cherif Ali în "Lawrence of Arabia", lansat în 1962. În cele din urmă, Omar Sharif a acceptat rolul.Pe numele său real Mohammed Yusuf Khan, Dilip Kumar s-a născut pe 11 decembrie 1922 la Peshawar, un oraş situat azi în nordul Pakistanului care făcea parte atunci din India britanică.Tatăl său, un negustor de fructe, şi-a dus familia la Bombay în anii 1930.Tânărul a refuzat să preia afacerea familiei după ce a fost remarcat de actriţa Devika Rani care i-a permis să apară în 1944 în primul său film, "Jwar Bhata".Ea l-a convins să-şi schimbe numele pentru a intra în lumea cinematografiei fără ştirea tatălui său care nu a aprobat această carieră.Una dintre cele mai faimoase interpretări ale sale rămâne rolul din "Mughal-E-Azam", unul dintre cele mai mari succese ale cinematografiei indiene, lansat în 1960, care spune povestea legendară a unei iubiri imposibile dintre un prinţ mogul şi sclava sa.Spre deosebire de alţi actori de la Bollywood care au apărut în sute de filme, Dilip Kumar şi-a ales cu grijă proiectele cinematografice, ceea ce nu a făcut decât să-i consolideze aura de star într-o industrie cinematografică extrem de concurenţială.La sfârşitul anilor 1990, el s-a implicat mai mult în politică, acceptând să lucreze pentru reconcilierea dintre India şi Pakistan. Doi ani mai târziu, a fost ales parlamentar al Partidului Congresului, atunci aflat în opoziţie.

Persons: Dev Anand, Raj Kapoor, Dilip Kumar, David Lean, Ali, Omar Sharif, Mohammed Yusuf Khan, Tânărul, . Ea, Kumar Organizations: Bollywood, Partidului Congresului Locations: Arabia, Peshawar, Pakistanului, India, Bombay, mogul, Pakistan

Amazon pregătește o nouă tehnologie care va permite să plătești cu palma la supermarketAmazon reprezintă aproape 40 % din vânzările din comerțul electronic din SUA. Amazon a dezvăluit recent o nouă modalitate de plată la anumite supermarketuri din lanțul Whole Foods. Noua tehnologie este acum disponibilă într-un supermarket Whole Foods din Seattle, Washington, însă și alte șapte locații vor beneficia de tehnologie în următoarele luni. Amazon a introdus pentru prima oară tehnologia în luna septembrie a anului trecut, la unele magazine alimentare ale companiei din Seattle. Compania vrea să obțină și o parte din tranzacțiile din lumea reală, acolo unde 80% din comerț încă are loc în SUA.

Persons: Dilip Organizations: Amazon, Compania Locations: SUA, Seattle, Washington, Amazon

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