Royal Bank of Canada (RBC) Capital said there’s an overlooked part of Amazon’s ecosphere of services that’s being casually overlooked but will be extremely profitable for the company in the coming years, according to a report by CNBC. RBC said Amazon Business will see revenue...
Amazon Web Services (AWS) is launching a voice transcription tool for doctors at its Las Vegas re:Invent conference Dec. 2-6, CNBC reported on Monday (Dec. 2). Amazon Transcribe Medical transcribes doctor-patient interactions and transfers the information to an individual’s health record. “Our overarching goal is...
Shares in Future Retail rose 13 percent on Friday (November 29) after India’s antitrust body announced that it has approved a deal that would give Amazon a minority stake in the company. In August it was reported that the eCommerce giant was in discussions to...
When you can’t beat ‘em, join ‘em. Or: If at first you don’t succeed … try, and try again. China is a market that most Western firms — especially online marketplaces — covet. But the walls are high. Amazon has learned that firsthand, having shuttered...
Amazon has discontinued a program that would send users free samples based on the products they previously purchased, according to a report by CNBC. Amazon began the program earlier in the year, and it included products like mascara, perfume and food items. However, the program...
Amazon Web Services (AWS) announced on Monday (Nov. 25) the launch of Amazon Rekognition Custom Labels, a new feature allowing customers to train their custom model to identify database and inventory items. In a blog post, Anushri Mainthia, senior product manager on the Amazon Rekognition...
A source told Reuters on Sunday (Nov. 24) that Amazon is opening a store on the Chinese eCommerce site Pinduoduo. Amazon closed its marketplace in China in July after realizing it could not compete with rivals like Alibaba’s Tmall marketplace and JD.com. Although Alibaba and...
Amazon users in Japan are now able to use Paidy, an instant credit provider, as a payment option, according to a release. The company provides instant payment accounts consolidated monthly. “We are deeply honored to be working with Amazon to offer a new and unique...
Five senators wrote a letter to Amazon CEO Jeff Bezos, asking him to explain how security surveillance company Ring uses peoples’ data and video, according to a report by CNBC. Sens. Ron Wyden of Oregon, Chris Van Hollen of Maryland, Ed Markey of Massachusetts, Chris...
