U.S. antitrust report hints on break-up of Big Tech Firms
The House antitrust subcommittee will probably publish their report on Amazon, Alphabet (Google), Apple and Facebook this week.
The draft response’s authenticity, first reported by Politico, was confirmed by Buck, a representative. Buck shared concerns from the Democratic side about Big Tech f...
Amazon S3 Now Available on AWS Outposts
Outposts customers can now benefit from S3 services just like in an AWS facility.
AWS Outposts customers can now use Amazon Simple Storage Service (S3) APIs to store and retrieve data. Using S3, they can access or use data in the same way they would in a regular AWS Region. Users can configure t...
Amazon announces plan to recruit 10,000 more employees in Bellevue
Amazon.com announced on September 4 that they are going to employ 10,000 more people in Bellevue, Washington, in addition to the 15,000 workers they were already planning to hire in the city. Bellevue is home to 2,000 Amazon workers.
It is 15 minutes by car from Seattle, which is the home of Ama...
Amazon in talks with Apollo to invest in Rackspace Technology
Amazon is in the early stages of a plan to invest in Rackspace Technology. People close to the deal said that the agreement would involve Amazon acquiring a minority stake in Rackspace. Rackspace is in the business of helping companies migrate to the cloud.
The deal could be a great way to soli...
Will Google, Apple and Amazon change after historic antitrust hearing?
Amazon CEO Jeff Bezos, Google CEO Sundar Pichai, Apple CEO Tim Cook and Facebook CEO Mark Zuckerberg testified before the House Judiciary Antirust Subcommittee as part of an antitrust probe. A historic hearing, as the CEOs faced questions about the power of the tech titans. Eventually the companie...
Amazon commits more than $10 billion to Project Kuiper
Project Kuiper is an initiative led by Amazon that will set up 3,236 satellites in low-Earth orbit for internet connectivity. Amazon reported on Thursday that the Federal Communications Commission (FCC) had granted the regulatory approval to launch Project Kuiper while providing other details conce...
Antitrust investigation report involving big tech expected this fall
The highly anticipated investigation is expected to detail the antitrust allegations involving Amazon, Apple, Facebook, and Google. Also, the recommendations on how to enforce new rules to decrease their power within the market are expected. The report can be expected early fall or, if things work ...
‘Amazon invested in startups to launch competing products’
Amazon invests in startups and subsequently uses the collected information to release competing products, according to a new study by The Wall Street Journal. The research cites dozens of examples of Amazon's methods.
The Wall Street Journal spoke to numerous startups, investors and advisors who...
Amazon’s Dash Cart makes cashier-less stores almost a reality
Amazon revealed its latest development in retail tech. The Dash Cart is a new way that will enable shoppers to buy groceries without having to stand in line at the checkout. Amazon, which has a brick-and-mortar operation with over $4 billion of revenue, is experimenting with this new technology to ...
Apple, Amazon, Facebook and Google will testify before Congress
The CEOs of Apple, Amazon, Facebook, and Google are ready to testify before Congress as part of the lawmaker’s inquiry into competitive practices in the technology industry.
The news of the CEO's participation was announced on Twitter by Record co-founder Kara Swisher, but the official confir...
‘Amazon pays $1.2 billion for autonomous vehicle startup Zoox’
Amazon reported last week that it is buying Zoox. The company is an autonomous vehicle startup backed by a reported $1 billion in venture capital. Zoox was valued at $3.2 billion, after a recent round of funding. Amazon is paying $1.2 for the startup.
Even with the valuation discount, it is repo...
It is a new dawn as Amazon launches $2B venture capital fund
Today, Amazon announced that it will set up a 2 billion dollars project capital fund to back firms developing sustainable technologies and services.
The investment venture, dumped Climate Pledge Fund, comes at the right time as the giant store had declared its efforts to become net carbon-neutra...