Tag: Amazon

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Amazon Seller Services: Amazon Seller Services cuts net loss by 28% in FY24

Amazon Seller Services, the marketplace arm of the ecommerce giant, reported a 14% year-on-year increase in its operating revenue for fiscal 2024 at...

amazon: Amazon mulls new multi-billion dollar investment in Anthropic: report

Amazon is in talks for its second multi-billion dollar investment in artificial intelligence startup Anthropic, the Information reported on Thursday, citing a person...

amazon: Amazon to invest $1.3 billion in Italy data centre business

Amazon's computing unit AWS on Thursday said it planned to invest 1.2 billion euros ($1.3 billion) in Italy over the next five years...

Ecommerce: ED searches sellers using Amazon, Flipkart platforms in FEMA probe

The Enforcement Directorate on Thursday conducted searches against some sellers who do business on e-commerce giants like Amazon, Flipkart as part of a...

amazon: Festival season sees ecommerce surge, Amazon registers 140 crore customer visits

The festival season coincing with deals on E-commerce platforms has seen a surge of customers queue online. Amazon Great Indian Festival 2024 witnessed...

Ecommerce sales: Festive sales end with a bang, after Rs 1 lakh crore of clicks

Ecommerce platforms recorded total sales of nearly Rs 1 lakh crore (about $11.9 billion) during the month-long festive season that ended last week,...

Tech giants are set to spend $200 billion this year chasing AI

Three months ago, Wall Street punished the world's largest technology firms for spending enormous amounts to develop artificial intelligence, only to deliver results...

Amazon: Amazon’s plan to tackle Temu, Shein? Sell more toothpaste

Amazon's push to offer more everyday essentials like toothpaste is hurting its average selling prices, but it is also a guard against rivals...

Amazon: Amazon belt-tightening produces strong cloud, ecommerce results

Amazon Inc. reported strong results that showed a company humming on all cylinders, a testament to its efforts to cut and reallocate costs...

Amazon: Amazon denies duping US consumers over Alexa’s recording practices

E-commerce giant Amazon.com has asked a U.S. judge to throw out a multibillion-dollar consumer lawsuit that claims the tech company's cloud-based voice service...

Results from Alphabet and Snap lift shares of online ad sellers

Online ad sellers added over $100 billion stock market value late on Tuesday after upbeat quarterly results from Alphabet, Reddit and Snap lifted...