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Insider
5h
219
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Meet Masayoshi Son, the billionaire SoftBank founder helping fund the Stargate AI joint venture
- CEO and founder of tech and telecommunications giant SoftBank, Masayoshi Son has been a champion of AI for years and invested millions in some of Silicon Valley's biggest tech companies including Uber, Slack, Amazon, Tesla, and Netflix through SoftBank and the $100 billion Vision Fund.
- Son's view on AI is that it is central to the future of SoftBank and his investments, further backed by his plan to invest $500 billion into US AI projects through SoftBank, OpenAI, and Oracle in the next four years.
- Son founded SoftBank in the 1980s and has since invested billions, becoming known as a gambler who tends to place unconventional bets that tend to pay off in some cases.
- Son reportedly owns millions of dollars worth of property but keeps his family life relatively private which is not much known about.
- Despite his company's losses post-pandemic, Son remained optimistic and SoftBank proceeded to make investments in Amazon, Tesla, Alphabet, and Netflix.
- Son took a bold stance on AI slamming its doubters at SoftBank's World corporate conference in 2023 and has pledged to invest $100 billion into US projects in a plan he announced with President Trump.
- SoftBank invested $500 million in OpenAI in an October 2024 funding round while becoming Nvidia's first customer for its Blackwell chips in November 2024.
- Son believes AI will take the world to new heights and through SoftBank and partnerships in the tech industry, AI will continue to revolutionize so many industries from real estate to food to transportation through his investments in artificial intelligence and machine learning.
- Son's investment strategies are considered unconventional in Silicon Valley, which ultimately makes him a powerful and an important figure in the tech industry.
- Son's partnerships with OpenAI, Oracle, and President Trump indicate his interest and commitment to AI, which he believes is the future-powered tool that Softbank will rely on in the years ahead.
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Insider
5h
279
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Amazon resumes new US green card applications for foreign workers, leaked memo shows
- Amazon has resumed the green card application process for foreign workers.
- The change may signal an improving job market, analysts say.
- Amazon paused PERM filings in 2023-2024 due to 'labor market conditions.'
- Resuming PERM filings indicate Amazon sees a possible 'rebound' in the job market.
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Arstechnica
19h
739
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Anthropic chief says AI could surpass “almost all humans at almost everything” shortly after 2027
- Anthropic CEO Dario Amodei predicts that AI models may surpass human capabilities "in almost everything" within two to three years.
- Amodei believes AI systems will outperform humans in various tasks, including robotics.
- Anthropic, founded by Amodei and his sister in 2021, has emerged as a strong competitor to OpenAI.
- Their Claude 3.5 Sonnet model is highly regarded among AI users and benchmarks.
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Silicon
1d
320
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Amazon To Shutter Sites In Unionised Province In Canada
- Amazon announced the closure of seven warehouses in Quebec, Canada, resulting in the loss of 1,700 jobs.
- These locations were the only ones in Canada with unionised Amazon employees.
- The decision was attributed to cost-savings and not directly related to the recent unionisation of employees.
- The closures will occur within the next two months, according to an Amazon spokesperson.
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Pymnts
1d
11
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AI Regulations: Trump Repeals Biden’s Order, French Minister Critiques EU AI Act
- President Donald Trump repealed Joe Biden’s 2023 artificial intelligence (AI) regulations on his first day in office.
- French Minister of AI, Clara Chappaz, critiqued the EU AI Act, emphasizing the need to see regulation as a tool for innovation.
- Mistral AI CEO, Arthur Mensch, criticized tech executives cozying up to the U.S. government and highlighted the risk of AI concentration.
- The U.S. Department of Commerce has published guidelines to optimize the use of open data for generative AI models.
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Medium
1d
57
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PM Interview Question → Amazon has noticed a 20% drop in daily active users in India.
- Amazon has noticed a 20% drop in daily active users in India.
- To address this issue, Product Managers can follow a structured problem-solving process.
- The process involves segmenting the DAU drop, brainstorming potential causes, and conducting data analysis.
- Possible causes include product/experience issues, market and competition, economic factors, and user behavior shifts.
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TechCrunch
1d
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UK appoints ex-Amazon executive Doug Gurr as interim chair of antitrust body
- Former Amazon executive Doug Gurr has been appointed as the interim chair of the U.K.'s Competition and Markets Authority (CMA).
- The appointment aims to boost growth and support the economy, aligning with the U.K.'s pro-growth and pro-tech agenda.
- Gurr's commercial background suggests a potential shift in the CMA's approach to enforcing rules regarding big tech firms.
- The CMA is currently investigating the cloud services market, with Amazon being a major focus.
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Massivelyop
1h
310
Transfer or be transferred: Here’s what to expect from Throne & Liberty big server merge
- Throne & Liberty is planning a server merge for its global edition.
- The merge will involve consolidating the auction house across all servers.
- Players will have the option to transfer for free to a different server before the merge.
- Existing servers will not be disrupted as the merge will create new servers.
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Mensjournal
3h
189
DeWalt's 21-Piece Drill Bit Set That'll 'Stay Sharp' After Years of Use Is Now Only $20 on Amazon
- Get the DeWalt 21-Piece Drill Bit Set on Amazon for only $20, 33% off the original price.
- This set has over 3,900 five-star ratings and is one of Amazon's bestselling sets.
- The drill bits have a brushed finish and black oxide coating for durability and efficient drilling.
- The 135-degree split-point tips ensure precise impact and reduce bit walking.
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Macdailynews
4h
294
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Britain signals it is prepared to go easier on Big Tech regulation
- Britain's appointment of a former Amazon executive as the chair of its antitrust regulator indicates a more lenient approach to Big Tech regulation.
- The move is seen as an invitation for investment, signaling that Britain may be willing to go easier on mergers and acquisitions for economic growth.
- The selection of the former Amazon executive suggests that Britain is aligning closer to US regulation in the hopes of attracting investment.
- Some executives and experts believe that the move reflects a recognition that the UK needs to adapt its approach to match the increasing size and scale of businesses.
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Sellerengine
4h
156
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Export Central: Amazon’s Solution for Cross-Border Selling
- Amazon has introduced Export Central, a tool for sellers to enable them to sell their products across 39 countries within Europe - many of which do not have an Amazon marketplace - through the international settings on Amazon Seller Central for free on six European venues.
- Fulfilment shouldn't be an issue; both FBA and MFN sellers can benefit from the tool. Sellers who activate Export Central now for free may benefit from the convenience of Amazon managing most of the logistics.
- Export Central makes cross-border selling simple and efficient. However, to take part, sellers must comply with VAT regulations in the destination countries, including filing VAT reports and issuing VAT invoices to buyers.
- To tackle the challenge of VAT registration, Amazon has introduced VAT Services on Amazon to help sellers with VAT compliance. Though, if selling to buyers in France or Spain, then fiscal representation is also required.
- Export Central offers potential sales boost of up to 10% and expands visibility and sales opportunities into market where access used to be limited.
- Cross-border shopping is on the rise and European shoppers love to shop abroad, with online shopping sprees particularly popular, yet consistent offers are often not available in different regions. Offering these products online provides options for a range of shoppers.
- Export Central allows sellers to sell their products in Europe using Amazon’s seller tools and distribution channels to tap into a growing market with cross-border shoppers.
- International expansion can become less daunting as issues like logistics and complications of VAT compliance issues are now resolved through Amazon's new Export Central tool, which should be one of favourite tools for sellers when operating in multiple countries on Amazon.
- To start exporting, sellers need to activate international shipping settings in their Amazon Seller Central account. Once activated, Export Central will manage these shipping settings for eligible stores, making the transition to cross-border selling seamless
- As sellers combine Amazon's Export Central's global reach with repricing tools such as BuyBoxBuddy, they could boost sales while maintaining a healthy profit margin.
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Massivelyop
8h
236
Throne & Liberty’s lunar new year celebration goes live today alongside the new currency tab and guild buffs
- Throne & Liberty is launching its 1.13.0 update, starting the Lunar New Year celebration.
- Players can participate in the Lunar Celebration event for daily login rewards and collect New Year Coins for unique loot.
- The update also includes bug fixes, quality-of-life improvements, a new currency tab, guild buffs, and more.
- However, server downtime was extended due to reported issues.
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HRKatha
12h
2.8k
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Amazon phasing out operations in Quebec; 1,700 jobs may be axed
- Amazon is phasing out operations in Quebec and reverting to a third-party delivery model.
- Approximately 1,700 full-time employees and 250 seasonal workers will be affected.
- Quebec is the only site with unionized Amazon employees.
- The move is viewed as an attempt to discourage union activities.
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Teslarati
1d
225
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Rivian prepares to launch the EDV outside of Amazon – Here’s when
- Rivian is preparing to launch its Electric Delivery Van (EDV) to customers outside of Amazon in the coming weeks.
- The EDV starts at $83,000 and is suitable for commercial package delivery, appealing to companies looking to reduce their carbon footprints.
- AT&T has committed to purchasing Rivian EDVs as part of its EV pilot program, aimed at sustainability and cost reduction.
- Rivian had an exclusive deal with Amazon, but is now expanding sales to companies outside of Amazon.
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Guardian
1d
98
Image Credit: Guardian
Competition watchdog role for ex-boss of Amazon UK ‘a slap in face’, say unions
- The appointment of a former Amazon boss to lead the UK’s competition watchdog has faced backlash from trade unions and consumer activists.
- Doug Gurr, former country manager of Amazon UK, has been appointed as the chair of the Competition and Markets Authority (CMA).
- Trade unions criticize the appointment, calling it a 'slap in the face to workers' due to Amazon's alleged flouting of workers' rights and market dominance.
- Consumer activists express concerns over potential conflicts of interest and the government's approach to regulating tech monopolies.
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