Amazon.Com Inc - AMZN STOCK NEWS

Amazon Web Services (AWS) and SK Telecom have announced a collaboration to develop new computer vision services at the Mobile World Congress in Las Vegas. This initiative aims to simplify and reduce the costs of building and scaling computer vision applications, enhancing productivity and operational safety across various sectors, including agriculture and manufacturing. The services will leverage SK Telecom's AI models and AWS's edge services, enabling organizations to analyze data flexibly at the edge, in the cloud, or on-premises.

Amazon has announced the continuation of its Community Lending program in partnership with Lendistry, aimed at supporting small businesses in underserved communities. Following a successful pilot, the program has provided over $35 million to more than 800 sellers, exceeding its initial $10 million target. Over the next three years, it plans to deploy $150 million in loans ranging from $10,000 to $250,000. These funds will assist businesses in inventory expansion, staffing, and marketing.

Amazon announced a nearly $1 billion investment for pay increases for U.S. front-line employees starting in October, raising the average starting pay to over $19 per hour. The company also introduced Anytime Pay, allowing employees to access up to 70% of their earned pay at any time without fees. Additionally, Amazon is expanding its career development programs, aiming to upskill 300,000 employees by 2025. Overall, total investments in employee benefits for the year reach nearly $10 billion.

The new Fire TV Cube, announced by Amazon (NASDAQ: AMZN), is the most powerful Fire TV streaming player to date, featuring a 20% performance boost over its predecessor. It introduces industry-first HDMI input and Wi-Fi 6E support for enhanced connectivity. Additionally, the Alexa Voice Remote Pro offers a Remote Finder feature and customizable buttons for easier access to favorite content. Both products prioritize sustainability with ENERGY STAR certification and reduced carbon footprints. The Fire TV Cube is available for pre-order at $139.99, while the Alexa Voice Remote Pro is priced at $34.99.

Amazon (NASDAQ: AMZN) has launched the new Echo Dot and Echo Dot with Clock, featuring enhanced audio, a temperature sensor, and eero mesh Wi-Fi capabilities. The Echo Studio has improved sound technology for a more immersive experience. Echo Auto introduces a compact design for in-car convenience. New Echo Dot Kids designs aim to engage children with interactive features. All devices are made with sustainable materials and will be available for preorder, shipping next month.

Amazon has launched the Halo Rise, a multi-functional sleep tracker priced at $139.99. It employs advanced sensor technology to analyze sleep patterns and environmental factors, providing users with personalized sleep insights. The device includes six months of Halo membership, offering access to health and wellness resources. Halo Rise integrates with Alexa for enhanced user experience, including customized wake-up routines. The product emphasizes privacy with encrypted health data and several sustainability features.

Amazon has launched the Kindle Scribe, featuring the world’s first 10.2-inch, 300 ppi front-lit display, designed for both reading and writing. Priced at $339, it includes a battery-free pen and supports features like digital sticky notes. The device promises a paper-like experience with adjustable warm lighting and months of battery life. Pre-orders are now open, and customers will receive a free four-month Kindle Unlimited membership, providing access to over 3 million eBooks. Kindle Scribe will ship later this year.

Amazon has launched the Fire TV Omni QLED Series, featuring a 4K QLED display with up to 96 local dimming zones, Dolby Vision IQ, and HDR10+ Adaptive support. This new series introduces the Fire TV Ambient Experience, which turns the TV into a smart device when not in use, displaying art and providing information through Alexa. It is available for pre-order at prices starting at $799.99 for the 65" model and $1,099.99 for the 75" model, aimed at enhancing the viewing experience with a broad content selection and sustainability. The official release is expected shortly.