Search startup Perplexity AI has raised $73.6 million from a group of investors including Nvidia and Amazon founder Jeff Bezos, the latest example of investors hunting for AI startups that challenge incumbents, according to Reuters report. The round was led by venture capital firm IVP and valued the company at about $520 million, according to the company.…
US-based e-commerce giant Amazon has infused Rs 915 crore fresh capital into one of its India units – Amazon Seller Services, according to PTI report. The fresh infusion is expected to provide more arsenal to Amazon in India to compete more aggressively against rivals like Walmart-owned Flipkart and Mukesh Ambani’s JioMart. Amazon Corporate Holdings and…
Amazon announced nine new utility-scale wind and solar energy projects in the U.S., Canada, Spain, Sweden, and the UK. The company now has 206 renewable energy projects globally, including 71 utility-scale wind and solar projects and 135 solar rooftops on facilities and stores worldwide, which will generate 8.5 GW of electricity production capacity globally. With…
Jeff Bezos will step down as CEO of Amazon and become the Executive Chairman of the Board. Jeff Bezos will be succeeded by Andy Jassy as new CEO. “I’m excited to announce that this Q3 I’ll transition to Executive Chair of the Amazon Board and Andy Jassy will become CEO,” Jeff Bezos said. In the…
At a time when layoffs, furloughs, and pay cuts have become a common phenomenon, e-commerce giant Amazon is surely leading the way in job creation and salary benefits for employees. The Jeff Bezos-led company recently said that it would spend $500mn on one-time bonuses to its front-line employees and partners working through the coronavirus crisis.…
Online retail giant Amazon Inc recently announced The Climate Pledge Fund to support the development of sustainable technologies and services that will enable Amazon and other companies to meet The Climate Pledge—a commitment to be net zero carbon by 2040. This dedicated venture investment program—with an initial $2 billion in funding—will back visionary companies whose…
Amazon, one of the world’s largest online retailers, announced it has pumped in Rs 284 crore in Amazon Retail, the unit which sells grocery and food items on the India marketplace, according to regulatory documents sourced from business intelligence platform Tofler. The current funding is a result of rising demand for grocery and food items…
Jeff Bezos who founded Amazon Inc., which has been often criticized for its damage to the environment, has recently committed $10bn to a new fund to tackle climate change. Announcing the news on Instagram, the e-commerce tycoon said that the Bezos Earth Fund would “fund scientists, activists, NGOs — any effort that offers a real…
Amazon recently announced that it has hired streaming and TV veteran Mike Hopkins to lead its video entertainment business like Prime Video and Amazon Studios. Hopkins was earlier working with Sony as Chairman of Sony Pictures Television. His appointment will come in effect from February 24. Hopkins will directly report to the Amazon founder and…
In an attempt to reduce its carbon footprint and achieve carbon neutrality by 2040, Amazon CEO Jeff Bezos announced the introduction of electric delivery rickshaws in India. The details of the plan are not yet made public by the company, however, CEO Jeff Bezos through twitter announced the use of e-rickshaws for door-to-door delivery. The…