Amazon India Predicts Record Festive Sales
Amazon India expects unprecedented sales during the biggest e-commerce online event, the Great Indian Festival, this year.
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Amazon’s Secret ‘Project Nessie’ Algorithm Used to Drive Prices According to FTC
The media reports that the Federal Trade Commission (FTC) accuses Amazon of using a secret algorithm codenamed Project Nessie, which is applied to check the boundaries of price increases and is a guarantee that competitors will comply with pre-determined product cost limits.
AWS Launches New Service for AI Applications
Amazon Web Services (AWS) has launched a new technology product called Amazon Bedrock.
Amazon to Invest in AI Startup Anthropic
Amazon will direct investments of up to $4 billion to the company Anthropic, which operates in the sphere of artificial intelligence.
AI in Retail: Follow the Amazon Lead
Artificial intelligence (AI) is transforming numerous business routines. From data analytics to interaction with customers, global retail leaders apply AI solutions that improve their operational efficiency and user experience. Why shy away from the nascent technology? Take a look at creative AI applications in retail illustrated by the industry giant Amazon.
Amazon to Introduce Limited Ads in Its Prime Video Service
Amazon announced that at the beginning of next year, advertising materials will appear in the streaming video service of this company called Prime, which will have a limited distribution scale.
Amazon Leverages First Zero-Carbon Cargo Ship
A new collaboration with shipping and logistics company Maersk enabled Amazon to transport goods on a zero-carbon cargo ship using methanol as a power source
Amazon Unveils Buy With Prime Merchant Tools
Amazon has developed new tools designed for use by sellers who interact with the company’s program called Buy with Prime.
EU Antitrust Regulators Reportedly Suspends Investigation of Amazon’s Acquisition of iRobot
The media reported that the antitrust regulators of the European Union temporarily halted their investigation in connection with Amazon’s acquisition of the manufacturer of robot vacuum cleaners iRobot in a deal worth $1.7 billion.
EU Names Six Tech Giants to Comply With DMA
The EU regulators have come up with a list of so-called gatekeepers with enough market power to report their core platform services to the European Commission under the Digital Markets Act (DMA)
FTC Reportedly to Sue Amazon
The media reported that the US Federal Trade Commission (FTC) is likely to sue Amazon in the near future.
Shopify Merchants to Avail Buy With Prime From Amazon
Integration of Buy with Prime into Shopify stores aims to increase shopper conversion by an average of 25%
Amazon Acquires Company Fig
Amazon has expanded its ownership structure as a result of the acquisition of Fig, which is a manufacturer of an autocomplete tool for terminals used by developers.
Amazon Tests Higher Free Shipping Threshold
Amazon is currently testing a minimum purchase requirement of $35 to receive a free shipping service for customers who are not members of the Prime loyalty program.
TOP 10 Biggest Online Stores in the World
The 21st century has brought significant changes, one of which is the way people shop. Online stores have become increasingly popular, with around 20% or 1 in 5 global retail sales now being made through them. This rate is even higher in many highly developed countries.
