Tag: Amazon

Amazon Launches Machine Learning Chip ‘Inferentia’, Taking on Nvidia and Intel

Amazon.com on Wednesday launched a microchip aimed at so-called machine learning, entering a market that both Intel Corp and Nvidia Corpare counting on to boost their earnings in the coming years. Amazon is one of the largest buyers of chips from Intel and Nvidia, whose semiconductors help power Amazon’s booming cloud computing unit, Amazon Web Services. But Amazon has started to design […]

Amazon Posts Record Profit, but Disappoints on Revenue and Outlook

Amazon reported another record quarterly profit Thursday, fueled by the growth of online shopping and its cloud-computing service. But its revenue grew less than Wall Street analysts expected, and Amazon’s shares fell after the results were released. The company, based in Seattle, has boosted its profitability as it expanded far beyond online shopping. For years, the […]

Paytm Mall Looks to Deepen Partnerships in Fight With Flipkart, Amazon

Paytm Mall, the e-commerce venture backed by China’s Alibaba Group, is looking to deepen ties with regional retailers as well as partner with top online grocer BigBasket to compete with Walmart-controlled Flipkart and Amazon’s local unit, a company executive said. Patym Mall, owned by Paytm E-Commerce, is currently the third biggest player in India’s rapidly-growing online retail space. The company already has a […]

Amazon to Buy PillPack in Potentially Disruptive Drug Retail Push

Amazon.com said on Thursday it would buy small online pharmacy PillPack, a move that will put the world’s biggest online retailer in direct competition with drugstore chains, drug distributors and pharmacy benefit managers. The deal’s potential to disrupt major players across the drug supply chain nationwide prompted a sell-off in shares of possible rivals, while sending Amazon […]

OnePlus 6 Marvel Avengers Limited Edition Goes on Sale in India Today: Where to Buy, Price, Offers, and More

OnePlus 6 Marvel Avengers Limited Edition model with custom design from the hit Avengers franchise goes on sale in India today. For fans of the hit Marvel series, the new OnePlus 6 Marvel Avengers Limited Edition handset has the Avengers’ insignia on the back, a carbon fibre texture below the rear glass casing, and the Alert Slider […]

Amazon Urged Not to Sell Facial Recognition Tool to Police

Amazon’s decision to market a powerful face recognition tool to police is alarming privacy advocates, who say the tech giant’s reach could vastly accelerate a dystopian future in which camera-equipped officers can identify and track people in real time, whether they’re involved in crimes or not. It’s not clear how many law enforcement agencies have purchased […]

SoftBank Says Selling Its Entire Flipkart Stake to Walmart

SoftBank Group said on Wednesday it is selling its roughly 20 percent stake in Indian e-commerce firm Flipkart to Walmart. Walmart said earlier this month it will pay $16 billion (roughly Rs. 1.1 lakh crores) for a roughly 77 percent stake in Flipkart, the US retailer’s largest-ever deal. A SoftBank spokesman declined to give further details. SoftBank CEO Masayoshi Son said earlier […]

Amazon Eyes Latin America Expansion, Opens Argentina Office

Amazon.com aims to expand cloud computing operations in Latin America, a company executive said on Monday, after its Amazon Web Services unit opened an office in Buenos Aires last month. That added to Amazon offices in Brazil, Chile, Colombia and Mexico, Teresa Carlson, Amazon Web Services vice president, worldwide public sector, said at a conference. “We have to […]

Amazon India Valued at $16 Billion, Has 30 Percent Market Share: Citi Research

While we are yet to see the impact of Walmart on Flipkart, but Citi Research claims its arch rival Amazon India is worth $16 billion (approximately Rs. 1.09 lakh crores). This is the same amount Walmart has agreed to pay to acquire a 77 percent stake in Flipkart. However, Amazon India has 30 percent market share despite the lower estimated valuation, […]