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Amazon founder and executive chairman Jeff Bezos is planning to sell some of his holdings in the company. Bezos, whose net worth is valued at over $200 billion, will sell up to 25 million shares in the company, valued at around $5 billion, Amazon disclosed in a regulatory filing Friday. The value of the shares…
Amazon’s upgraded digital assistant powered by generative AI, Alexa+, has rolled out to over 100,000 users, CEO Andy Jassy said on the company’s earnings call Thursday. While that’s a far cry from the 600 million Alexa devices out there, the company is making some progress on the rollout of Alexa+, which was first unveiled in…
If you purchase an independently reviewed product or service through a link on our website, The Hollywood Reporter may receive an affiliate commission. Once you’ve used a luxury version of your everyday beauty product, it’s tough to go back. But it can also be hard to justify spending the money on that really good moisturizer,…
Amazon is raising eyebrows with the timing of its big book sale for 2025, which runs from April 23 to 28 — which means it’s competing directly with Independent Bookstore Day. As writer Maris Kreisman explained in Lit Hub, Independent Bookstore Day is an annual event organized by the American Booksellers Association (ABA), with events,…
On Sunday, 21-year-old Chungin “Roy” Lee announced he’s raised $5.3 million in seed funding from Abstract Ventures and Susa Ventures for his startup, Cluely, that offers an AI tool to “cheat on everything.” The startup was born after Lee posted in a viral X thread that he was suspended by Columbia University after he and…
Learn how Amazon ads match types shape your ad success – and how to use them to cut waste, boost rankings, and drive real results. Advertising on Amazon is getting more complex, with an ever-growing list of targeting options. At the core of it all? Match types. Understanding how they work is essential to making…
Legendary‘s Pacific Rim series has landed at Amazon MGM Studios. The two studios will adapt the IP together (with Legendary in first position) for Amazon’s Prime Video streaming service. The Pacific Rim TV project, currently in development, is the first from Legendary’s first-look television deal with Eric Heisserer and his Chronology banner. Heisserer will write…
Amazon’s AWS powers some of the world’s leading crypto exchanges with high-throughput cloud infrastructure for crypto trading, presenting a central point of vulnerability. Update April 15, 9:17 am in UTC: This article has been updated with information throughout. Binance, KuCoin, MEXC and other exchanges and wallet providers have been experiencing service issues due to a…
Kraken launches stock and ETF trading for US users, expanding beyond crypto as it pushes for a borderless, all-in-one trading platform. Kraken is expanding beyond cryptocurrencies by offering US-listed stocks and exchange-traded funds (ETFs) in a move aimed at appealing to more traditional investors. Kraken, the world’s 13th largest centralized cryptocurrency exchange (CEX) by volume,…
In a quiet transformation from merchandising giant to (also) healthcare giant, Amazon may be positioning its sprawling logistics network and growing medical footprint to potentially save lives, starting with your front door. According to Bloomberg, back in 2023, Amazon piloted a several months-long pilot program called Project Pulse, equipping delivery vans with defibrillators and training…