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Search resuls for: "Babak Parviz"


4 mentions found


☆ Amazon's amazing turnaround: How Andy Jassy secretly wooed Wall Street and overhauled a bloated tech giant
  + stars: | 2024-07-08 | by ( Eugene Kim | ) www.businessinsider.com   time to read: +14 min
This person is one of over a dozen Amazon employees, investors, and analysts that BI interviewed to better understand Jassy's first 3 years as CEO. Andy Jassy replaced Jeff Bezos (pictured here) as Amazon's CEO in July 2021. In his first 3 years as CEO, Jassy has lost many senior staff. Amazon's spokesperson said the company has "strong retention and continuity" among senior leaders. Amazon's spokesperson said the company is making "huge investments" in AI across AWS and the retail business.
Persons: —, Andy Jassy, Jeff Bezos, Jassy, Bezos, EMMANUEL DUNAND, Mark Shmulik, Bernstein, Bernstein's Shmulik, He's, Shmulik, Amazon's, That's, spokespeople, Jassy doesn't, Doug Herrington, Jay Carney, Dave Limp, Adam Selipsky, Dave Clark, Clark, Ted S, Babak Parviz, Parviz, Mark Mahaney, We're, Jeff Organizations: Service, Business, Amazon, Washington Post, BI, Warren, Echo, Microsoft, AWS Locations: Seattle
☆ Amidst the layoffs at Amazon, the company's ultra-secretive research lab is at risk of being shut. It's a sign things are changing 'dramatically' at the company.
  + stars: | 2022-11-14 | by ( Eugene Kim | ) www.businessinsider.com   time to read: +14 min
Early last month, members of Amazon's secretive in-house research lab, Grand Challenge, were called into an unexpected video meeting. Weibel announced 3 of the 5 projects Grand Challenge was working on would shut down, effective immediately. When other team employees wanted to collaborate with the team, they needed additional approvals from its leadership. Amazon Glow was among the Grand Challenge projects to be discontinued at the end of this year. Getting support promoting Grand Challenge projects was a challenge too.
☆ Amazon's moonshots lab recently shut down several secret projects, shocking members of the team. Here are the initiatives that got the chop, and the ones that survived.
  + stars: | 2022-10-25 | by ( Eugene Kim | ) www.businessinsider.com   time to read: +4 min
Amazon's Grand Challenge division recently shut down three confidential projects, a cost-cutting move that shocked and disappointed members of the secretive moonshots lab, Insider has learned. Two healthcare projects survived the cull. The healthcare projects that survived are a new type of at-home fertility-monitoring device and a therapeutic treatment to protect against antibiotic resistance, these people said. The decision to keep two healthcare projects reflects CEO Andy Jassy's ambition in this field. Glow, a video-calling device that Amazon shut down earlier this month, was also part of the broader Grand Challenge team.
☆ The era of Big Tech moonshots is over. Amazon, Google, Facebook, and Microsoft are pulling back on ambitious, risky long-term projects after many of them failed.
  + stars: | 2022-09-29 | by ( Hugh Langley | Eugene Kim | Kali Hays | ) www.businessinsider.com   time to read: +13 min
Amazon, Google, Microsoft, and Facebook have scaled back their ambitious "moonshot" projects. Moonshots like Google X and Amazon Grand Challenge allowed tech firms to build innovative projects. Before Amazon, Parviz led a similar team at Google called Google X. Page and Brin championed X projects they loved, helping them gain funding and headcount within the unit. Parviz, who created the once-hyped-up Google Glass, left Google X in 2014 to start Amazon's Grand Challenge.
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