Latest News, Updates & Breaking Headlines
China’s e-commerce giant JD.com has launched its online shopping platform called Joybuy in Europe. As reported by CNBC, the company aims to rival Amazon along with other domestic rivals in the country. The platform promises fast deliveries and high-quality products to get an edge on rivals. Joybuy, the report says, is live in six new…
Amazon’s Cloud Unit shut down temporarily after ‘Objects Hit’ UAE data centre facility. Amazon Web Service (AWS) confirmed that at approximately 4:30 AM PST on March 1, “objects struck” the facility in availability zone mec1-az2, creating sparks and igniting a fire. The UAE fire department cut power to the building. The zone went dark. In…
Jeff Bezos loses World’s 4th richest position to Mark Zuckerberg as markets is ‘unhappy’ with Amazon’s … Amazon founder Jeff Bezos has slipped behind Meta CEO Mark Zuckerberg in the global wealth rankings after Amazon’s latest earnings report failed to meet market expectations. According to Forbes Billionaires List 2025, Jeff Bezos’ net worth was reduced…
Amazon stock witnessed a plunge of 11% in extended trading on February 5, erasing more than $250 billion in market value after the company introduced a $200 billion capital expenditure plan for 2026. According to a report by CNBC, this was the highest plunge among the megacap tech firms, far exceeded Wall Street expectations by…
Amazon has introduced a temporary remote work policy for employees stranded in India due to H-1B visa delays, but the company’s latest memo makes clear that these workers cannot actually perform most of their job functions.US investor and Ed-Tech chairman Hany Girgis weighed in on the situation on X, saying Amazon “found a workaround for…
Panos Panay, senior vice president of devices and services at Amazon Panos Panay, Amazon’s head of devices and services, has predicted a big change in consumer technology. According to the executive, the current tech like smartphones and apps is approaching a tipping point due to social media and the rise of generative AI. He said…
Amazon recently held its annual event AWS re:Invent. The conference is an annual gathering for the cloud community, featuring keynotes, technical sessions, and innovation talks. Amazon Web Services (AWS) is Amazon’s on-demand cloud platform. CEO Matt Garman spoke with Acquired podcast hosts Ben Gilbert and David Rosenthal at the event. Garman spoke about a range…
Google co-founders Larry Page and Sergey Brin have moved into the top 5 richest people in the world, after a massive reshuffle in the global wealth rankings, according to Forbes’ Real-Time Billionaires List. The rapid increase in their wealth has been directly attributed to the successful launch of Google Gemini 3 AI model. Essentially, Larry…
Amazon announced last month that it is cutting around 14,000 corporate jobs. Amazon’s senior vice president of people experience and technology, Beth Galetti shared a blog post announcing the job cuts. In the post, Galetti said the company is making “organizational changes across Amazon” that will result in an “overall reduction in our corporate workforce…
Amazon CEO Andy Jassy provided a detailed update on the company’s hardware solution for managing the intense heat generated by AI chips. This system is particularly useful in data centres that house powerful GPUs, such as Nvidia GPUs. In a recent post on the social media platform X (formerly Twitter), Jassy explained that every cloud…
