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☆ Sam Altman joins Microsoft as OpenAI taps Shear for interim CEO
▼ + stars: | 2023-11-20 | by ( Diksha Madhok | David Goldman | ) edition.cnn.com time to read: +5 min

New Delhi/New York CNN —Microsoft has hired Sam Altman to power up its artificial intelligence research efforts just days after the co-founder of OpenAI was ousted as CEO in a chaotic boardroom coup. Meanwhile, Emmett Shear, the former CEO of Amazon’s streaming service Twitch, will join OpenAI as interim CEO. “We look forward to getting to know Emmett Shear,” Microsoft CEO Satya Nadella said in a post on X, formerly known as Twitter. In a post on X early Monday, Shear described the chance to join OpenAI as “a once-in-a-lifetime” opportunity. More recently, Altman announced that OpenAI would make its tools widely available so anyone could create their own version of ChatGPT.

Persons: Sam Altman, OpenAI, Greg Brockman, Brockmann, Altman, Emmett Shear, Satya Nadella, ” Nadella, Shear, “, Brockman, Ilya Sutskever, Kara Swisher, Jony, Bing, Swisher, ’, OpenAI “, ”, “ I’m Organizations: New York CNN, Microsoft, OpenAI Locations: New Delhi, New York, Altman’s

☆ Amazon.com to cut 'several hundred' Alexa jobs
▼ + stars: | 2023-11-17 | by ( Greg Bensinger | Thomson Reuters | Greg Bensinger Joined Reuters As A Technology Correspondent In Focusing On The World'S Largest Technology Companies. He Was Previously A Member Of The New York Times Editorial Board | ) www.reuters.com time to read: +4 min

REUTERS/Steve Marcus/File Photo Acquire Licensing RightsNov 17 (Reuters) - Amazon.com (AMZN.O) on Friday announced it is trimming jobs at its Alexa voice assistant unit, citing shifting business priorities and a greater focus on generative artificial intelligence. Many companies are shifting resources to generative AI, which can create software code and lengthy text responses from short prompts. Alexa is a voice assistant that can be used to set timers, ask search queries, play music, or as a home automation hub. In particular, people familiar with the matter pointed to the Alexa voice assistant, now nearly a decade old, as having failed to keep pace in the age of generative artificial intelligence. The Seattle-based online retailer's voice assistant products compete with offerings from Alphabet (GOOGL.O) and Apple (AAPL.O).

Persons: Steve Marcus, Daniel Rausch, Panos Panay, David Limp, Jeff Bezos, Rausch, Greg Bensinger, Kenneth Li, Chizu Nomiyama, Jonathan Oatis Organizations: REUTERS, Alexa, Fire, Reuters, Devices, Microsoft, Amazon, Origin, Echo, Amazon.com, Apple, Thomson Locations: Las Vegas , Nevada, U.S, Panay, Seattle, San Francisco

☆ She Messed Up Amazon’s Website. Now She’s One of Its Leaders.
▼ + stars: | 2023-11-17 | by ( Sebastian Herrera | Photographs Chona Kasinger For The Wall Street Journal | ) www.wsj.com time to read: 1 min

In her first year at Amazon .com, Beryl Tomay made a software code change for Amazon’s order-confirmation page that caused it to appear blank for customers for over an hour. Later on, she made a change to the database of the Kindle e-reader that prevented users from signing in or downloading anything. That error was so large that Jeff Bezos, Amazon’s founder, noticed and emailed to ask about the problem. Today, Tomay is in charge of a crucial part of Amazon that is in its busiest period right now: She oversees businesses and technology at the company’s “last mile” delivery unit—the logistics business that gets packages through the final steps on their way to customers’ doorsteps. It’s a chokepoint that will help determine whether Amazon is successful during the make-or-break holiday season.

Persons: Beryl Tomay, Jeff Bezos, ’ Organizations: Amazon Locations: It’s

☆ Amazon warns that not complying with return-to-office mandate could impact getting promoted
▼ + stars: | 2023-11-17 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +1 min

New York CNN —Amazon is once again doubling down on its return-to-office mandate, warning staff that not complying with it could impact their chances of being promoted. There are a “variety of factors we consider when determining an employee’s readiness for the next level,” Brad Glasser, an Amazon spokesperson, told CNN in a statement. Like much of the broader business world, Amazon has faced some employee resistance to this mandate. In August, meanwhile, Amazon sent a warning email to some of its office workers that said it believed they were not complying with its return-to-office policies. The company said it has a remote work exception request policy in place, which is considered on a case-by-case basis.

Persons: don’t, ” Brad Glasser, ” Glasser, Andy Jassy, ” Jassy, Amazon Organizations: New, New York CNN, Employees, CNN, Amazon, “, Seattle Locations: New York

☆ Hyundai to be First Automaker to Sell New Cars on Amazon
▼ + stars: | 2023-11-16 | by ( Ryan Felton | Sean Mclain | ) www.wsj.com time to read: 1 min

Prospective buyers will be able to search on Amazon’s website for available vehicles in their area by model, color and features. Photo: Nancy Kaszerman/Zuma PressHyundai Motor customers who want to skip the dealership will have a new option next year: shopping on Amazon .com. The Korean automaker announced the move Thursday with Amazon at the Los Angeles Auto Show. Starting in 2024, U.S. auto dealers will be able to sell vehicles on the tech company’s platform, making Hyundai the first automotive brand to offer such an option for customers.

Persons: Nancy Kaszerman Organizations: Zuma Press Hyundai, Amazon, Los Angeles Auto, Hyundai Locations: Korean

☆ Soon you’ll be able to buy a Hyundai on Amazon
▼ + stars: | 2023-11-16 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

People will be able to shop for Hyundai vehicles on Amazon through an agreement with the South Korean automaker. Laws in most US states protect auto dealerships from automakers who might want to sell directly to consumers. Amazon customers will be able to search dealership inventories through the Amazon website, see pricing for vehicles, and click a button to initiate a purchase. This arrangement was announced as part of a package of deals between Hyundai and Amazon, including that Amazon will provide data storage for Hyundai and that future Hyundai models will include the Alexa voice assistant. Hyundai dealers won’t have to participate in the program, but can opt-in.

Persons: you’ve, Tesla, “ It’s, ”, Jessica Caldwell, Edmunds.com, Caldwell, Jose Muñoz, Mike Sullivan, weren’t, “ I’ve, ” Sullivan Organizations: CNN, Hyundai, South Korean, Hyundai Santa Fe, Edmunds.com, Los Angeles Auto Show, Hyundai Santa Monica Locations: Hyundai Santa

NEW YORK (AP) — Want to buy a car on Amazon? The e-commerce giant will launch vehicle sales in the U.S. next year and allow local car dealers to sell directly to customers on its site. In a joint announcement with car manufacturer Hyundai on Thursday, the two companies said Amazon will begin by offering Hyundai vehicles. The idea, according to Amazon, is to have customers purchase a new car online and pick it up – or have it delivered – from their local dealer. Amazon did not say how many dealers would be participating in the program or if customers across the U.S. would be able to make purchases.

Organizations: Hyundai, Amazon, Alexa Locations: U.S

☆ Amazon to Stop Selling Seven Eyedrops After F.D.A. Warning
▼ + stars: | 2023-11-15 | by ( Amanda Holpuch | More About Amanda Holpuch | ) www.nytimes.com time to read: +1 min

Amazon said on Wednesday that it was removing seven eyedrops products from its website after the Food and Drug Administration warned the company that the eyedrops had not been recognized as safe and effective. said in a letter to Andrew Jassy, Amazon’s chief executive, on Monday that Amazon had violated federal regulations by selling the eyedrops, which claimed to help with problems including pink eye, dry eyes, eyestrain and floaters. “These products are especially concerning from a public health perspective,” the F.D.A. letter said. “Ophthalmic drug products, which are intended for administration into the eyes, in general pose a greater risk of harm to users because the route of administration for these products bypasses some of the body’s natural defenses.”The eyedrops named in the letter are: Similasan Pink Eye Relief, The Goodbye Company Pink Eye, Can-C Eye Drops, Optique 1 Eye Drops, OcluMed Eye Drops, TRP Natural Eyes Floaters Relief, and Manzanilla Sophia Chamomile Herbal Eye Drops.

Persons: Andrew Jassy, Manzanilla Sophia Organizations: Food and Drug Administration, Amazon, Eye

☆ Snapchat users can now buy Amazon products without leaving the app
▼ + stars: | 2023-11-15 | by ( Sergio Padilla | ) edition.cnn.com time to read: +2 min

New York CNN —Amazon will now run shopping ads for select products on popular photo messaging app Snapchat, an Amazon spokesperson confirmed to CNN. Unlike prompts to get a user to open their phone’s web browser, Amazon’s shopping ads will allow them to shop and check out without having to exit the Snapchat app. “For the first time, customers will be able to shop Amazon’s Snapchat ads and check out with Amazon without leaving the social media app,” the Amazon spokesperson said in an email to CNN. “Customers in the U.S. will see real-time pricing, Prime eligibility, delivery estimates, and product details on select Amazon product ads in Snapchat as part of the new experience. The Amazon partnership could put Snapchat one step closer to competing with the robust in-app shopping experiences of rivals like Instagram.

Persons: ’ Organizations: New, New York CNN, Amazon, CNN, “, Instagram, Meta’s Facebook Locations: New York, U.S, Snapchat

☆ Amazon’s New Approach to Selling Enterprise Software? In-Person Demos
▼ + stars: | 2023-11-10 | by ( Isabelle Bousquette | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ 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

☆ Inside Amazon’s Strategy to Redefine Fast Shipping, Again
▼ + stars: | 2023-11-08 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

Inside Amazon’s Strategy to Redefine Fast Shipping, AgainAmazon is the king of fast delivery—it pioneered the two-day shipping model customers have come to expect. But to stay ahead of Target and Walmart, it’s overhauling its distribution network. WSJ visits a same-day facility to explore the company’s fast-shipping strategy. Photo illustration: JJ Lin

Persons: JJ Lin Organizations: Fast Shipping, Target, Walmart

☆ Amazon cuts jobs in music streaming unit
▼ + stars: | 2023-11-08 | by ( Greg Bensinger | Thomson Reuters | Greg Bensinger Joined Reuters As A Technology Correspondent In Focusing On The World'S Largest Technology Companies. He Was Previously A Member Of The New York Times Editorial Board | ) www.reuters.com time to read: +2 min

The logo of Amazon is seen on the door of an Amazon Books retail store in New York City, U.S., February 14, 2019. Employees in Latin America, North America and Europe received notices that their jobs had been eliminated Wednesday, according to people familiar with the matter. “Some roles have been eliminated on the Amazon Music team. Amazon has been quietly trimming jobs, including communications staff in its Studios, Video and Music divisions last month. Amazon Music, which also includes podcasts, competes with Spotify , Pandora, Alphabet’s (GOOGL.O) Google and Apple (AAPL.O) in offering unlimited music streaming services for a fee.

Persons: Brendan McDermid, Greg Bensinger, Peter Henderson, Lisa Shumaker Organizations: Amazon, REUTERS, Employees, Reuters, Amazon Music, Studios, Spotify, Google, Apple, Thomson Locations: New York City, U.S, Latin America, North America, Europe, Washington, California, New York

☆ Amazon’s health push is a too-costly prescription
▼ + stars: | 2023-11-08 | by ( Robert Cyran | ) www.reuters.com time to read: +4 min

Snag is, primary care tends to be a recipe for burning cash. Drugstore chains have been buying up primary care companies in the hope of steering patients to their stores. Prime members can add up to five additional memberships to the same plan at $6 a person. The primary care provider had 836,000 members at the end of last year, with practices in two dozen metropolitan areas. It had over 200 million members worldwide as of April 2021.

Persons: Dado Ruvic, Jonathan Guilford, Sharon Lam, Aditya Sriwatsav Organizations: REUTERS, Reuters, Amazon, Amazon Web Services, Walgreens Boots Alliance, Telecom, AT, Time Warner, Thomson

☆ DouYu CEO Chen Shaojie: Yet another CEO is missing in China
▼ + stars: | 2023-11-07 | by ( Manav Tanneeru | Diksha Madhok | ) edition.cnn.com time to read: +3 min

New Delhi CNN —The CEO of a Chinese live-streaming service backed by Tencent has become the latest high-flying executive to fall mysteriously silent in the world’s second largest economy. According to a Monday report from the Cover News, a state-owned media outlet, DouYu (DOYU) CEO Chen Shaojie has been unreachable in recent days. It also cited unconfirmed reports that Chen was being investigated and had been missing for nearly three weeks. DouYu listed on the Nasdaq in 2019, where it raised about $775 million in one of the largest share offerings by a Chinese company on Wall Street that year. Chen’s unexplained absence comes as China continues an anti-corruption crackdown that has ensnared top executives, particularly in the finance and tech sectors.

Persons: Tencent, Chen Shaojie, Chen, DouYu, Zhang Hongli, Zhang, Bao Fan, Bao, haven’t, Xu Jiayin Organizations: New Delhi CNN, CNN, Nasdaq, Wall, Industrial, Commercial Bank of China, Central Commission, Inspection, Evergrande Locations: China, New Delhi, Hong Kong

Federal Trade Commission (FTC) Chair Lina Khan testifies before a House Judiciary Committee hearing on "Oversight of the Federal Trade Commission," on Capitol Hill in Washington, U.S., July 13, 2023. Surrounded by tech workers and VC investors in San Francisco, Khan reiterated her focus on artificial intelligence, an area her agency has been tasked with looking into by President Joe Biden's executive order this week. "We’re very much focused on using our laws to protect everybody: Consumers, but also workers," she said in a standing-room-only nightcap appearance in San Francisco on Thursday. Big Tech companies, particularly Amazon (AMZN.O) and Meta, view Khan, who rose to prominence after publishing a 2017 academic article pointing to Amazon’s practices as anticompetitive, as an impediment. Reporting by Krystal Hu and Greg Bensinger in San Francisco; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Lina Khan, Kevin Wurm, Khan, Kahn, Joe Biden's, he'd, “, Krystal Hu, Greg Bensinger, Jamie Freed Organizations: Federal Trade Commission, REUTERS, FRANCISCO, Federal Trade, Big Tech, D.C, Mission, Stanford University, Meta, Republican, Activision, Thomson Locations: Washington , U.S, Silicon, New York, San Francisco

☆ Look, Up in the Sky! It’s a Can of Soup!
▼ + stars: | 2023-11-04 | by ( David Streitfeld | More About David Streitfeld | ) www.nytimes.com time to read: +1 min

Exactly a decade ago, Amazon revealed a program that aimed to revolutionize shopping and shipping. Drones launched from a central hub would waft through the skies delivering just about everything anyone could need. The buzzy announcement, made by Jeff Bezos on “60 Minutes” as part of a Cyber Monday promotional package, drew global attention. “I know this looks like science fiction. If this is science fiction, it’s being played for laughs.

Persons: Jeff Bezos, “, It’s, ”, Bezos, Minestrone, it’s Organizations: Drones, College Station , Locations: College, College Station , Texas, Houston

☆ ‘The Marvels’ battles nasty superheroes like ‘Gen V,’ ‘The Boys’ and ‘Invincible’
▼ + stars: | 2023-11-04 | by ( Brian Lowry | ) edition.cnn.com time to read: +4 min

Yet for this genre, a more subtle factor might be the bad, no good, extraordinarily nasty “heroes” that have entered the chat, as Amazon’s “The Boys” spinoff “Gen V” concludes its first season and the animated “Invincible” begins its second. Like “The Boys,” “Gen V” has explored the corruptible side of superheroes, with its college-age characters at the appropriately named Godolkin University (God U, for short) yearning for a place among the Seven, the amoral heroes brought to the world by a shadowy corporation more interested in public relations and profits than the public good. Lizze Broadway, Jaz Sinclair and Maddie Phillips in "Gen V," the spinoff to Amazon's "The Boys." The fact that “The Boys,” “Gen V” and “Invincible” play on Prime Video merely reinforces that streaming has created hungry platforms for genre-friendly franchises – including raunchier ones, like Max’s “Peacemaker” – while further adding to the crush of viewing options featuring characters in capes and masks. “Gen V” concludes and “Invincible” begins its second season November 3 on Amazon’s Prime Video.

Persons: ”, V ”, Jaz Sinclair, Maddie Phillips, Brooke Palmer, V, Max’s, Marvel, Monica Rambeau, “ WandaVision, Ms, Amazon’s, “ Invincible ” Organizations: Marvel, Disney, Godolkin University, Amazon Studios, DC, Fox, Amazon’s Locations: “

☆ UK officials close antitrust probes into Amazon’s and Meta’s retail platforms
▼ + stars: | 2023-11-03 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

London CNN —The United Kingdom’s competition watchdog has wrapped up its antitrust investigations into Amazon’s and Meta’s retail platforms, saying it has secured commitments from the US tech giants that will ultimately benefit consumers. In theory, the more businesses are able to fairly compete for consumers’ cash, the more choice consumers ultimately have. Meta’s competitors will have the option to “opt out” of the tech firm using some of their data to improve Facebook Marketplace, the CMA said. That commitment, along with others, means Meta “cannot exploit advertising customers’ data to give itself an unfair advantage — and as such distort competition,” Pope said. A spokesperson for Meta told CNN it welcomed the CMA’s decision to close its investigation into Facebook Marketplace.

Persons: Ann Pope, ” Pope, Meta Organizations: London CNN, Markets Authority, CMA, Amazon, Facebook, CNN, Meta, Global, Big Tech, US Federal Trade Commission, European Union

☆ Amazon algorithm juiced prices, cost US consumers $1 billion new FTC lawsuit documents allege
▼ + stars: | 2023-11-02 | by ( Brian Fung | ) edition.cnn.com time to read: +7 min

It has earned Amazon more than $1 billion from US households, newly unredacted portions of the suit allege. Public revelationsThe complaint’s newly unsealed portions, filed Thursday in Seattle federal court, uncover a wide range of previously non-public allegations. More than 70% of Amazon shoppers do not click past the first page of search results, according to the unsealed complaint. In another situation, Amazon allegedly took steps to promote its own, proprietary products — such as the Amazon Kindle tablet — as having been recommended by expert reviewers when the Amazon products had not earned such a recommendation. If the Amazon price went up, the competing retailers would increase their prices as well, according to the complaint.

Persons: Amazon’s, Jeff Bezos, Biden, ”, Tim Doyle, ” Doyle, “, Nessie, David Zapolsky Organizations: Washington CNN, Federal Trade Commission, Amazon, FTC, Amazon Prime Locations: Seattle, Bezos

☆ Vodafone will struggle to get clean exit in Spain
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Toby Melville Acquire Licensing RightsLONDON, Oct 30 (Reuters Breakingviews) - Vodafone’s (VOD.L) boss Margherita Della Valle is cleaning up the sprawling 21 billion pound telecom group, but it’s a tough job. A potentially messy exit in Spain illustrates the point. Della Valle lacks an obvious partner in the country: local giant Telefónica (TEF.MC) is too big, while rivals Orange (ORAN.PA) and MásMóvil are merging with one another. As a result, Vodafone may have found itself a potentially problematic counterparty for the Spanish business, which Della Valle has put under strategic review. Investors might be reassured that Della Valle is making things happen, but a clean break in Spain looks increasingly unlikely.

Persons: Toby Melville, Margherita Della Valle, Della Valle, Eamonn O’Hare, Expansión, Zegona, Pamela Barbaglia, Liam Proud, Streisand Neto Organizations: Vodafone, REUTERS, Reuters, Orange, Zegona Communications, Virgin Media, Bloomberg, Deutsche Bank, ING, Reuters Graphics Reuters, X, Thomson Locations: London, Britain, Spain

HONG KONG (AP) — Asian shares were mixed on Monday ahead of a Federal Reserve decision this week on interest rates. U.S. futures gained while oil prices fell more than $1 a barrel. That’s particularly concerning for the Fed, which fears such expectations could lead to a vicious cycle that worsens high inflation. The Shanghai Composite index rose 0.3% to 3,025.76. As one of the most massive companies on Wall Street, Amazon’s stock movements carry huge weight on the S&P 500 and other indexes.

Persons: Netanyahu, Australia’s, Stocks, Russell, Ford, Brent Organizations: Federal, Federal Reserve, U.S, Nikkei, Bank of Japan, China, Dow Jones, Nasdaq, Wall, Intel, United Auto Workers, Treasury, New York Mercantile Exchange, U.S . Locations: HONG KONG, Israel, Israeli, Gaza, China, Shanghai, Hong Kong, Bangkok

☆ Amazon Beefs Up Bottom Line as AI Battle Shapes Up
▼ + stars: | 2023-10-27 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

Results for Amazon Web Services, the company’s cloud-computing division, were more closely watched than normal this quarter. Photo: Pau Barrena/Agence France-Presse/Getty ImagesAmazon might not yet be the clear winner in the race among tech giants over artificial intelligence. Total revenue of $143.1 billion was up 13% from the same period last year, which exceeded the 11% growth Wall Street was expecting. And operating income soared, hitting a record $11.2 billion compared with $2.5 billion in last year’s third quarter—exceeding analysts’ consensus target by nearly half. That was helped by sharp growth in advertising and third-party seller services—both of which offer superior profit margins compared with Amazon’s more typical retail sales.

Persons: Pau Organizations: Amazon Web Services, Pau Barrena, Agence France

☆ Here's why TD Cowen raised its price target on Amazon to $180
▼ + stars: | 2023-10-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why TD Cowen raised its price target on Amazon to $180John Blackledge, Cowen senior internet analyst, joins ‘Squawk on the Street’ to discuss Amazon’s quarterly earnings results, why his firm raised the price target on the stock, and more.

Persons: TD Cowen, John Blackledge, Cowen, Squawk

☆ The Best Deals From Amazon’s Holiday Beauty Haul Sale
▼ + stars: | 2023-10-26 | by ( Buy Side Staff | ) www.wsj.com time to read: +4 min

This week the mega-retailer is offering deals that may help you update your beauty stash or medicine cabinet. Amazon’s Holiday Beauty Haul sale. Shop these deals now through Nov. 5, and keep scrolling for our top picks from the sale. Electric shaverWe featured this three-blade model in our list of the best electric shavers for women, and right now, you can buy a four-blade version for 15% off during Amazon’s beauty sale. It made our list of the best everyday sunscreens, according to dermatologists, in part thanks to its sweat- and water-resistant formula.

Persons: It’s, Mario Badescu, shaver, it’s, they’re Organizations: Staff, Neutrogena, Revlon, American Dental, Colgate

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