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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.
(NASDAQ: AMZN) Amazon Music has announced a new integration of artist merchandise within its mobile app, enhancing the fan experience by allowing customers to shop for artist merch alongside music content. This feature showcases merchandise from artists like Billie Eilish, Jack Harlow, and Lady Gaga, available with Prime shipping. Additionally, exclusive collections, including items from Selena Gomez and Weezer, are now offered. The goal is to deepen artist-fan connections by uniting various entertainment forms in one platform.
Amazon Web Services (AWS) has launched new Amazon Elastic File System (EFS) One Zone storage classes, reducing storage costs by 47% compared to existing options. These classes are designed for workloads that do not require the high availability of regional EFS, offering lower costs without compromising on features. Customers only pay for the storage they use, which starts at $0.043/GB-month. One Zone storage classes provide 99.9% availability and are available in multiple regions worldwide. This innovation aims to help businesses optimize costs while maintaining necessary features.
Amazon Web Services (AWS) has been selected as the Official Cloud Provider for the PGA TOUR. This partnership aims to enhance golf content creation and distribution, providing fans with more personalized experiences. AWS will deliver machine learning and media services to transform tournament footage into engaging digital content, including Every Shot Live streaming for real-time shot access. Additionally, AWS will build a data lake to archive 100 years of multimedia content, enhancing access for fans. AWS will also support the First Tee youth organization, reaching over 3.7 million youngsters annually.
Amazon Web Services (AWS), a subsidiary of Amazon.com (NASDAQ:AMZN), has launched its new AWS Asia Pacific (Osaka) Region, expanding its existing Osaka Local Region. This new region features three Availability Zones, enhancing service availability and reducing latency for users in Japan. With 80 Availability Zones across 25 global regions, AWS aims to meet growing customer demands for cloud services. Key customers utilizing this new region include Mitsubishi UFJ Financial Group and Sony Bank, which have shifted significant workloads to AWS, underscoring the growing reliance on cloud computing in Japan.
IMDbPro has enhanced its platform by adding thousands of searchable cast and crew notices through partnerships with Staff Me Up, Casting Calls America, and Crew Calls America. This expansion provides access to over 30 job categories, including actor, writer, and director roles. IMDbPro's commitment to supporting entertainment professionals amid COVID-19 includes a feature for work-from-home job searches and free access to video conferencing via Amazon Chime. The updates also incorporate the IMDbPro Discover tool, allowing users to find talent based on their experience.
Amazon Web Services (AWS), a subsidiary of Amazon.com (NASDAQ: AMZN), has launched Amazon Lookout for Vision, a new service that employs machine learning to detect manufacturing defects. Utilizing few-shot learning, customers can train models with just 30 baseline images. This tool aims to streamline quality control in manufacturing, reducing costly errors by enabling real-time anomaly detection without requiring machine learning expertise. Available through the AWS console, Lookout for Vision charges customers based on actual usage, facilitating a cost-effective solution for various industrial applications.
Amazon (NASDAQ: AMZN) announced a $15 million donation to nonprofit Code.org through its Amazon Future Engineer program. This funding will support the creation of a new Advanced Placement computer science curriculum aimed at increasing diversity in tech education for underrepresented students, particularly Black, Latino, and Native American groups. The curriculum will incorporate cultural perspectives and aim to engage students through real-world projects, enhancing their preparation for college-level computer science courses.
ReFrame and IMDbPro announced that 29 out of the 100 most popular scripted films of 2020 received the ReFrame Stamp, a 12% increase from 2019. This Stamp signifies films achieving gender-balanced hiring. Notably, 17 films were directed by women, up from 12, and 6 by women of color, an increase from 4. 'The Old Guard,' directed by ReFrame Ambassador Gina Prince-Bythewood, topped the list. ReFrame and IMDbPro promote equitable hiring in film and TV. Over 40 additional films were also recognized with the Stamp for their commitment to gender parity.
Amazon and Global Optimism announced 20 new signatories for The Climate Pledge, totaling 53 companies across 18 industries committed to achieving net-zero carbon by 2040, a decade ahead of the Paris Agreement's goal. Companies include ACCIONA, IBM, and Cranswick plc, emphasizing diverse sectors from energy to food. Each organization will measure emissions and implement decarbonization strategies. This initiative reflects a strong commitment to sustainability and aims to significantly lower corporate carbon emissions globally.
IMDb awarded the inaugural STARmeter Award of 2021 to Regé-Jean Page, recognizing his rise as a fan favorite, particularly for his role in Bridgerton. Page topped the IMDbPro STARmeter chart in January 2021, driven by his performances in Bridgerton and Sylvie's Love, both well-received by audiences. IMDb founder Col Needham praised Page's talent and highlighted the STARmeter Awards as indicators of emerging stars. Page expressed gratitude for the recognition, reflecting on the global interest in Bridgerton and its creators.
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