Welcome to our dedicated page for Amazon.Com news (Ticker: AMZN), a resource for investors and traders seeking the latest updates and insights on Amazon.Com stock.
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.
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.
Amazon (NASDAQ: AMZN) and Salvatore Ferragamo have filed lawsuits against four individuals and three entities for counterfeiting Ferragamo products on Amazon's platform. The defendants allegedly violated Amazon's policies and Ferragamo's intellectual property rights by selling counterfeit items. Amazon has invested over $500 million in anti-counterfeiting measures since 2019, resulting in 99.9% of products viewed by customers being free from counterfeit complaints. Ferragamo has also been active in combating counterfeiting, achieving significant online monitoring success with millions of illicit profiles blocked.
Amazon Web Services (AWS) has partnered with the German Bundesliga to introduce three new advanced statistics—Most Pressed Player, Attacking Zones, and Average Positions – Trends. Debuting during Matchday 21 on February 12, 2021, these stats aim to enhance fan engagement by providing real-time analytical insights during matches. The advanced metrics allow fans, coaches, and commentators to better understand player performance and team strategies, leveraging AWS's robust data analysis capabilities. This initiative reflects AWS's commitment to innovation in sports analytics.
Amazon Web Services (AWS), a subsidiary of Amazon.com (NASDAQ: AMZN), has partnered with the National Hockey League (NHL) as its Official Cloud, AI, and Machine Learning Infrastructure Provider. This collaboration will leverage AWS's vast services to automate video processing, enhance fan engagement, and provide advanced analytics using the NHL's Puck and Player Tracking System. The initiative aims to create a cloud-based HD video delivery system and introduce innovative game analytics throughout the upcoming season, enriching the viewing experience for fans and media partners.
Amazon (NASDAQ: AMZN) has filed four federal lawsuits on behalf of Dutch Blitz Acquisition Corporation against individuals and entities for counterfeiting its card game. The lawsuits, filed in the Western District of Washington, seek to recover profits lost by Dutch Blitz due to unauthorized use of its trademarks. Amazon has invested over $500 million in anti-counterfeiting measures, achieving a 99.9% valid counterfeit complaint rate. The company’s Counterfeit Crimes Unit, launched in 2020, continues to pursue legal action against counterfeiters, demonstrating its commitment to intellectual property protection for brands like Dutch Blitz.
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