Tag: amazon

Dream11 shifts away from fantasy gaming; enters sports-entertainment space
Posted in Startups

Dream11 shifts away from fantasy gaming; enters sports-entertainment space

Dream11 is recasting itself as a “second-screen sports platform”, moving beyond its fantasy-gaming roots as it looks to tie itself more closely to live broadcasts….

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More Retail was acquired in 2019 by Witzig Advisory Services Pvt., a joint venture of Amazon and Samara Capital, from Aditya Birla Group. (AI Image)
Posted in Business

Now Amazon-backed More Retail plans IPO at a valuation of ~$2.5 billion| Business News

More Retail Pvt. Ltd., the food and grocery chain jointly owned by Amazon.com Inc. and Samara Capital Partners, has picked advisers for an impending initial…

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Perplexity AI CEO Aravind Srinivas says he is "happy to work together with Amazon to figure out a win-win outcome for both us and them". (Reuters)
Posted in Business

‘Bullying is not innovation,’ — Perplexity CEO pushes back against Amazon attempt to block AI shopping via Comet| Business News

Perplexity AI Inc. has pushed back against attempts by Amazon.com Inc. to block AI shopping via its Comet AI browser, in what it says is…

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OpenAI recently turned into a for-profit enterprise. (Reuters)
Posted in Business

OpenAI, Amazon strike $38-billion deal for ChatGPT to use AWS| Business News

Amazon.com Inc. will supply OpenAI with cloud computing services under a multi-year $38-billion deal, giving the ChatGPT maker access to hundreds of thousands of Nvidia…

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In all, Amazon is planning to replace and/or avoid 600,000 US jobs by 2027. (AFP)
Posted in Business

Amazon layoffs to impact 800-1,000 jobs in India as AI upends work model| Business News

The global Amazon layoffs can result in 800-1,000 job cuts in India, as the US-based e-commerce firm taps AI to reduce overheads. In all, Amazon…

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Amazon CEO Andy Jassy, (Reuters)
Posted in Business

Amazon to cut 14,000 corporate jobs in yet another round of layoffs| Business News

Amazon.com Inc. has announced yet another round of layoffs that will see the United States’ second largest employer trim 14,000 jobs, even as it steps…

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Amazon’s exporter base in India has grown by a third in year to about 2 lakh sellers, spanning 28 states and seven union territories. (AFP)
Posted in Business

Amazon targets India e-commerce exports of $80 billion by 2030 despite US tariffs| Business News

Amazon.com Inc. says its e-commerce exports from India has surpassed $20 billion, including nearly $7 billion this year, despite the punitive US tariffs on the…

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In all, Amazon is planning to replace and/or avoid 600,000 US jobs by 2027. (AFP)
Posted in Business

Amazon plans to replace more than half-a-million US jobs with robots| Business News

Amazon.com Inc. plans to replace more than half-a-million jobs in the United States with robots, the New York Times reported citing internal strategy documents and…

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Amazon-backed aerospace startup Beta Technologies files for US IPO
Posted in Startups

Amazon-backed aerospace startup Beta Technologies files for US IPO

Aerospace startup Beta Technologies filed for an initial public offering in the United States on Monday, the latest company to join the rush to tap…

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Swiggy Instamart to launch Quick India Movement festive sale on September 19
Posted in Startups

Swiggy Instamart to launch Quick India Movement festive sale on September 19

Swiggy Instamart will run its festive season sale, Quick India Movement, from September 19 to 28, a company statement said on Saturday. The sale will…

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