Can tiny artificial intelligence (AI) startup Perplexity take on Google in the search space? Jeff Bezos apparently thinks so. The Amazon founder is among the backers of the company that is not yet two year old, recently investing $74 million with a group of venture capitalists, The Wall Street Journal...
Digital freight startup Convoy has announced the suspension of its operations and the winding down of its core business. The company, which was founded by former Amazon executives and which has attracted money from prominent tech investors, is now exploring alternatives that may include selling its technology. Last...
If money could’ve talked this spring, it would’ve been saying “goodbye.” Or so politicians, businesses and individuals around America thought when Silicon Valley Bank (SVB) collapsed on March 10 in one of the biggest bank failures in U.S. history, starting runs at other regional lenders. That’s why the Federal...
Nineteen months and $1 trillion of lost market value later and Amazon CEO Andy Jassy is fast approaching a second anniversary and a reckoning. This, as talk of Jassy struggling to put his own stamp on the company he took over from billionaire founder Jeff Bezos in...
June 23, 2023
If money could’ve talked this spring, it would’ve been saying “goodbye.” Or so politicians, businesses and individuals around America thought when Silicon Valley Bank (SVB) collapsed on March 10 in one of the biggest bank failures in U.S. history, starting runs at other regional lenders. That’s why the Federal Deposit Insurance Corp. (FDIC) quickly stepped in and backstopped SVB’s […]
April 27, 2018
There are good earnings days, there are great earnings days and there are astonishing earnings days. Amazon’s earnings day yesterday floated someplace between great and astonishing – and the market took...
July 04, 2017
Eight months in, assessing the impact of what happens when you remove 86 percent of a country’s notes in circulation. India’s push toward digital payments has had effects both positive...
April 28, 2017
When it comes to reporting quarterly earnings, there’s beating Wall Street’s expectations, really beating them, and then there is what Amazon did yesterday. Eight straight quarters of profits seem to...
January 04, 2024
Can tiny artificial intelligence (AI) startup Perplexity take on Google in the search space? Jeff Bezos apparently thinks so. The Amazon founder is among the backers of the company that is not yet two year old, recently investing $74 million with a group of venture capitalists, The Wall Street Journal (WSJ) reported Thursday (Jan. 4). The report notes that this […]
October 18, 2023
Digital freight startup Convoy has announced the suspension of its operations and the winding down of its core business. The company, which was founded by former Amazon executives and which has attracted money...
September 22, 2022
Amazon founder Jeff Bezos and CEO Andy Jassy have no choice but to testify before the Federal Trade Commission (FTC) in the agency’s ongoing investigation after a ruling on Wednesday...
May 31, 2021
Chipper Cash, an African fintech startup, has raised $100 million in a Series C round, according to Tech Crunch on Monday (May 31). The company’s last funding round in November...
