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Amazon.com, Inc. (NASDAQ: AMZN) is a leading multinational technology company based in the United States, renowned for its expansive e-commerce platform, robust cloud computing services, advanced artificial intelligence capabilities, digital streaming services, and online advertising. Founded in 1994 by Jeff Bezos, Amazon has grown into the world’s largest online retailer and marketplace for third-party sellers, with retail-related revenue contributing approximately 75% of its total income. International sales, particularly from Germany, the United Kingdom, and Japan, make up 25% to 30% of non-AWS sales.
Amazon Web Services (AWS), a pivotal segment contributing around 15% to its revenue, provides cloud computing, storage, and database solutions, and is integral to numerous enterprise operations worldwide. AWS has recently announced several innovative capabilities, including the addition of new models and features to Amazon Bedrock, enhancing generative AI applications. Amazon also extends its focus on artificial intelligence with the launch of Amazon Q Developer and Business, aimed at improving coding accuracy and leveraging enterprise data, respectively.
In e-commerce, Amazon continuously innovates to improve customer experience, such as its recently introduced grocery delivery subscription for Prime members, which offers unlimited grocery deliveries from Amazon Fresh, Whole Foods Market, and other local stores. The company also recently announced a significant partnership extension with Whole Foods Market, ensuring a continued supply chain relationship through 2032. Additionally, Amazon has expanded its entertainment footprint, offering a broad range of original content through Amazon Studios and streaming exclusive sports events on Prime Video.
The company’s commitment to operational excellence is reflected in its latest financial results for Q1 2024, with net sales increasing by 13% year-over-year to $143.3 billion and operating income reaching $15.3 billion, significantly up from $4.8 billion in the previous year. Amazon’s strategic investments in infrastructure, such as new AWS regions and data centers, further underscore its dedication to growth and innovation. Guided by principles like customer obsession and long-term thinking, Amazon continuously seeks to enhance its diverse portfolio of products and services to meet evolving customer needs globally.
Blink, an Amazon company, has introduced Blink Moments, a new feature for its camera systems available to Blink Subscription Plus Plan customers. Blink Moments consolidates multiple motion event clips into a single, seamless video that can be easily saved, shared, and enjoyed. The feature aims to simplify the viewing experience, particularly for users with multiple cameras, by reducing the time spent scrolling through individual clips. Blink Moments is compatible with all generations of Blink cameras, offering flexible, whole-property coverage. Additional benefits of the Blink Plus Plan include person detection, up to 60 days of video cloud storage, and 90 minutes of continuous live view per session. The subscription costs $10 per month or $100 per year and supports unlimited devices per account.
Amazon (NASDAQ: AMZN) has unveiled its Best Books of the Year So Far, with Percival Everett's novel 'James' leading the list. The Amazon Books Editors praised it as an entertaining and thought-provoking read that reimagines 'The Adventures of Huckleberry Finn'. Other top picks include 'The Women' by Kristin Hannah, 'All the Worst Humans' by Phil Elwood, 'The Ministry of Time' by Kaliane Bradley, and 'Martyr!' by Kaveh Akbar. The list, curated by Amazon Books Editors who read thousands of books yearly, features twenty top picks across genres like literary fiction, mystery, romance, history, and more. The full list and further recommendations can be found on Amazon's website. An Amazon Live interview with Percival Everett is scheduled for June 18.
On June 13, 2024, the National Safety Council (NSC) celebrated the anniversary of its MSD Pledge by surpassing 200 signatories and awarding nearly $265,000 in grants. The MSD Pledge, launched in June 2022 and expanded in October 2023, unites global organizations in reducing musculoskeletal disorder (MSD) risks for nearly 2.9 million employees. With funding from Amazon (NASDAQ: AMZN), the MSD Solutions Lab spearheads this initiative, offering grants to advance MSD research and innovation. This year, Virginia Tech, North Carolina State University, Oregon State University, and Wichita State University received R2S grants, while Ocean Spray Cranberries, PepsiCo Global Concentrates Solutions, Wonderbrands, and Superior Tube Products were awarded MSD Solutions Pilot Grants. These efforts aim to transform workplace safety and health.
Amazon Web Services (AWS) has committed $230 million to support startups developing generative AI applications. The funding will provide AWS credits, mentorship, and education, particularly through the AWS Generative AI Accelerator program. This initiative aims to support 80 early-stage startups globally with up to $1 million in AWS credits each, and hands-on expertise in AI and ML technologies. The selected startups will participate in a 10-week program, receiving support from AWS and NVIDIA experts, and presenting their solutions at re:Invent 2024. Applications for the accelerator are open until July 19, with the program starting on October 1.
Vrio , parent company of DIRECTV Latin America and Sky Brasil, has partnered with Amazon's Project Kuiper to bring satellite broadband to seven South American countries: Argentina, Brazil, Chile, Uruguay, Peru, Ecuador, and Colombia.
This agreement aims to provide affordable, high-speed internet to unserved and underserved communities, benefiting an estimated 200 million people who currently lack connectivity.
The collaboration leverages Project Kuiper's low-latency, high-bandwidth satellite network, offering nationwide coverage without the need for extensive infrastructure. Initial service demonstrations are expected to begin later this year.
Amazon Web Services (AWS), a subsidiary of Amazon, announced the launch of a new AWS infrastructure region in Taiwan by early 2025. The AWS Asia Pacific (Taipei) Region aims to meet the growing demand for cloud services in Taiwan and across the Asia Pacific. AWS plans to invest billions of dollars in Taiwan over the next 15 years. The new region will include three Availability Zones, enhancing data security and reducing latency. AWS's investment is expected to drive digital transformation, create high-quality jobs, and support sustainable development initiatives. The AWS Partner Network in Taiwan is set to benefit significantly from this expansion.
The National Safety Council (NSC) has published a report, 'The Intersection of DEI and MSDs: Ensuring Equitable Outcomes,' which addresses the impact of diversity, equity, and inclusion (DEI) on musculoskeletal disorders (MSDs) in the workplace. Supported by Amazon's funding through the MSD Solutions Lab, the report examines various workplace factors influencing MSD prevalence among workers of color. Key findings indicate that work organization, equipment design, safety culture, psychological safety, and psychosocial risk factors contribute to higher MSD risks. The report also offers solutions such as ergonomic accommodations, adjustable devices, and inclusive policies to mitigate these risks. Lorraine Martin, NSC president and CEO, emphasizes the importance of DEI in creating safer work environments. The report references over 100 academic sources and suggests that DEI integration is important for equitable occupational safety outcomes.
Amazon Games announces New World: Aeternum, an action RPG launching on October 15, 2024, for PlayStation 5, Xbox Series X|S, and PC. This expanded console version includes all past updates and new features like a large-scale PvP zone, a 10-player raid, and solo end-game trials. The game supports cross-platform play and enhanced console-specific features such as target locking and aim assist. Available for $59.99, with a Deluxe Edition for $79.99, New World: Aeternum aims to deliver a richly immersive experience. Pre-order bonuses include an Azoth Stalker wolf mount.
ezCater, a leading food for work technology company in the US, has appointed Kaushik Subramanian as Chief Revenue Officer, effective June 3, 2024. Subramanian brings over 20 years of experience from high-growth companies like Lyft, Amazon, and Visa. As CRO, he will oversee sales and partnerships, aiming to expand ezCater's platform and increase the growth of its food solutions among workplaces.
Subramanian's role comes at a time when demand for workplace food is rising, with 53% of surveyed business orderers planning to increase their food spending in 2024. This year, ezCater has added notable restaurants and companies as partners and customers. Subramanian previously held senior leadership roles at Lyft, Amazon, and Visa, managing strategic partnerships and launching new products. His extensive experience is expected to drive ezCater's growth and solidify its position as a top choice for workplace food solutions.
Amazon (NASDAQ: AMZN) and Grubhub announced a partnership, allowing Prime members to order from Grubhub directly via Amazon.com and the Amazon Shopping app.
Prime members benefit from $0 delivery fees on eligible orders, reduced service fees, 5% credit back on pick-up orders, and exclusive Grubhub offers, valued at $120 annually.
For a time, Prime members save $5 on Grubhub orders over $25 until June 2. This integration aims to enhance convenience and savings.
Since the Grubhub+ offer started, Prime members have saved hundreds of millions in delivery fees and promotions.
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