Amazon Unveils Next-Generation Foundation Models: Amazon Nova Ushers in a New Era for Generative AIAt the 2024 re:Invent global conference, Amazon unveiled Amazon Nova, a suite of next-generation foundation models marking a new era in generative artificial intelligence. This launch encompasses several advanced models designed to empower developers with powerful intelligence and content generation capabilities, addressing challenges related to latency, cost-effectiveness, customization, retrieval-augmented generation (RAG), and agent capabilities...

Amazon Invests an Additional $4 Billion in Anthropic, Bringing Total Investment to $8 BillionOn November 23rd, AI startup Anthropic announced an expanded partnership with Amazon Web Services (AWS), securing an additional $4 billion investment from Amazon. This brings Amazon's total investment in Anthropic to $8 billion, though Amazon remains a minority shareholder...

Amazon Prime Video to Add Ads in 2025, Users Can Pay to Remove ThemKelly Day, Vice President of International for Amazon Prime Video, recently revealed in an interview that Amazon will be offering more ad inventory to advertisers on its platform starting next year, meaning the amount of ads on Prime Video will increase in 2025. This decision comes after Amazon began placing ads in select movies and TV shows on January 29th, 2024...

Amazon Raises Warehouse Workers' Pay to $22/Hour, Adds Free Prime Membership...

Amazon in China: Reflections on the Fall of a GiantAmazon, the once-dominant force in global e-commerce, suffered a crushing defeat in its foray into the Chinese market, ultimately exiting with a staggering $6 trillion in assets. This begs the question: What led to Amazon's downfall in China?Global e-commerce giant, ambitious foray into the Chinese marketFounded in 1994, Amazon began as a modest online bookstore, but within a few short years, it evolved into the world's largest e-commerce platform...

Amazon's Q2 Profit Surges, But Q3 Guidance Falls Short of ExpectationsAmazon recently released its second-quarter earnings report for fiscal year 2024, revealing strong performance with significant growth in net sales and net income. However, despite the impressive Q2 results, Amazon's revenue outlook for the third quarter of fiscal year 2024 fell short of market expectations, raising concerns among investors...

Amazon Prime Day Breaks Records Again, Third-Party Sellers Sell Over 200 Million ItemsThe just-concluded 48-hour Amazon Prime Day event once again set new sales records. While Amazon did not disclose specific sales figures or growth rates, it stated that Prime members purchased millions of items across over 35 categories, setting a new high for all Prime Day events...

Amazon Global Store Partners with SF Express International, Ushering in a New Era of Cross-border Direct ShippingOn July 16th, Amazon Global Store announced the official launch of SF Express International direct shipping service, providing Chinese consumers with a more convenient and faster cross-border shopping experience. This partnership marks a significant breakthrough in logistics for Amazon Global Store and will open wider global shopping doors for Chinese consumers...

Amazon Unveils Rufus, an AI Shopping Assistant Ushering in a New Era of Smart ShoppingE-commerce giant Amazon recently launched its Rufus AI shopping assistant in the United States, marking another significant breakthrough in the application of AI technology in the shopping sphere. Rufus, an AI-powered shopping tool built on generative AI technology, aims to help consumers complete their online shopping journey more conveniently and efficiently through intelligent interactions...

Amazon Graviton4: A Price-Performance Revolution in Cloud ComputingThe rapid growth of artificial intelligence is driving an insatiable demand for chips, ushering in a golden age for the semiconductor industry. Faced with a $544 billion market, tech giants are vying to develop custom chips to meet specific needs, reduce costs, and offer more compelling user experiences...

On November 16th, Amazon's e-book app Comixology announced that it will officially close the app on December 4th and require users to migrate to the Amazon Kindle platform.According to the announcement, after December 4th, all comics, comics, and graphic novels purchased or borrowed by users on Comixology will exclusively exist on the Kindle platform...

On November 9th, according to foreign media reports, an insider revealed that Amazon will invest millions of dollars to establish an AI model training team to train Large Language Models (LLMs), hoping to compete with OpenAI and AlphabetAI models.According to insiders, the model, codenamed "Olympus," has 2 trillion parameters and may become one of the largest models currently being trained...