Amazon.Com Inc - AMZN STOCK NEWS

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.

Amazon Web Services (AWS) and SAP have announced an expanded collaboration to enhance enterprise resource planning (ERP) experiences using generative AI. This strategic partnership integrates SAP AI Core with Amazon Bedrock models, enabling advanced AI-driven insights and process automation. AWS's support of SAP solutions accelerates generative AI adoption, boosts performance, and optimizes energy efficiency, significantly benefiting SAP workloads. Notably, SAP's use of AWS's Graviton3 chips has led to substantial performance gains and cost savings. Additionally, Amazon's Project Kuiper is now using RISE with SAP to streamline its operations and improve productivity.

EDF Renewables North America and Enbridge have announced the completion and commercial operation of the 150 MWac Fox Squirrel Solar Phase 1 in Madison County, Ohio. This project is part of a larger 577 MWac solar development planned to be finished by the end of 2024. The project is a significant milestone in Ohio's renewable energy sector and is expected to meet the region's growing power demands, which are projected to double by 2028.

Amazon has entered into power purchase agreements for the full generation capacity of Fox Squirrel Solar, supporting its commitment to operate on 100% renewable energy by 2025. The project has created hundreds of jobs and will continue to provide economic benefits to the local community. EDF Renewables and Enbridge highlight this project as a testament to their ongoing partnership and commitment to the energy transition.