Asia’s AI Supply Chain Presents Major Opportunity: WhiteOak Capital
Asia’s growing dominance in the AI hardware supply chain is emerging as a major investment opportunity. This is according to Lim Wen Loong, Fund Manager...
Tag : Amazon
Amazon to Cut Up to 15% of HR Staff Amid AI Expansion
Amazon is preparing another major workforce reshuffle as it ramps up its artificial intelligence initiatives. The plans reportedly target up to 15% of its human...
Amazon’s Anti-Counterfeit Drive Triggers $180 Million in Fines, Criminal Charges
Amazon’s fight against counterfeit goods has resulted in over $180 million in court-ordered fines and criminal charges against more than 65 individuals worldwide. This comes...
Amazon India to Invest Rs 2,000 Crore in 2025 to Boost Operations Network
Amazon India will invest over Rs 2,000 crore in 2025 to expand and upgrade its operations network across the country. The funds will be used...
Amazon Unveils Rs 400 Million Litre Water Project for Delhi’s Yamuna Basin
Amazon has launched its first water replenishment project in Delhi’s Yamuna basin, aiming to restore over Rs 400 million litres of water annually to help...
Amazon Acquires Axio; Awaiting Approval from Regulator
E-commerce behemoth Amazon acquires Bengaluru-based digital lending business Axio (formerly Capital Float). The purchase, which is pending regulatory permissions, was completed in December following due...
Amazon Fined €32 Million in France over Alleged “Excessive” Employee Surveillance
France’s National Commission on Informatics and Liberty (CNIL) announced on Tuesday that it has fined Amazon France Logistique €32 million or nearly $35 million, saying...
Amazon to Starting Selling Cars Online in 2024, Partners with Hyundai
Amazon has teamed up with Hyundai to sell cars online, with the venture set to kick off in the second half of 2024. The announcement...
Vodafone Plans to Work With Amazon’s Project Kuiper to Extend 5G Reach
Vodafone to work with Amazon’s low Earth orbit satellite constellation Project Kuiper to increase the reach of its 4G and 5G telecoms networks in Europe...
Spanish Antitrust Regulator CNMC Fined Amazon and Apple $218 Million for Restricting Competition
The National Markets and Competition Commission (CNMC) of Spain slapped a $218 million or €194 million fine on Amazon and Apple collectively for allegedly colluding...