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Amazon News
Crypto-News-Flash
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Bitcoin News: Amazon Should Invest 5% in BTC, Say Shareholders Seeking Inflation Protection
- A group of Amazon shareholders have proposed that the company allocate 5% of its assets to Bitcoin due to rising inflation rates.
- The proposal aims to protect shareholders' value and maximize returns in the face of inflation.
- The shareholders argue that cash is being devalued and bonds yield lower returns than the US inflation rate.
- They suggest that adding Bitcoin to the company's treasury would be a better option as it has shown significant growth compared to corporate bonds.
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Cryptoslate
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Amazon shareholders push for Bitcoin treasury allocation
- A group of Amazon shareholders is urging the company to allocate at least 5% of its assets to Bitcoin as a financial hedge and value driver.
- The proposal argues that Bitcoin can protect Amazon's cash and assets from inflation, citing its outperformance of corporate bonds and concerns about underestimation of actual inflation rates.
- The shareholders believe that Amazon should evaluate Bitcoin as a treasury asset to enhance shareholder value and hedge against inflation without excessive risk.
- Meanwhile, industry leaders have suggested that Amazon incorporate Bitcoin payments into its operations to build a Bitcoin reserve and promote crypto adoption among customers.
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TronWeekly
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Amazon Urged to Add Bitcoin to Treasury: NCPPR’s Bold Proposal for 2025
- The National Center for Public Policy Research (NCPPR) has proposed that Amazon explore Bitcoin’s potential as part of its financial reserve strategy.
- The NCPPR recommends that Amazon allocate at least 5% of its $585 billion in total assets to Bitcoin, to protect shareholder value from inflationary erosion.
- The proposal highlights the stellar growth of BTC, with the cryptocurrency gaining 131% in price over the past year and over 1,200% over five years.
- Inclusion of Bitcoin in Amazon's financial reserves could be a part of the growing institutional adoption trend, and may encourage other global companies to reconsider their treasury strategies.
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Pymnts
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CE 100 Index Gains Ground on Porch Group’s 51% Rally
- The CE 100 Index gained 2.2% last week, with the Live segment jumping over 7.2%.
- Porch Group's shares surged by more than 51% after its investor day event highlighted growth potential and revenue targets.
- Docusign shares rose by over 34%, driven by strong earnings report and international growth.
- Amazon's stock increased by 9.2% due to record-breaking sales during Black Friday and Cyber Monday.
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TheNewsCrypto
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National Center for Public Policy Research Recommends Bitcoin Treasury for Amazon
- The National Center for Public Policy Research has proposed that Amazon adopts a Bitcoin treasury strategy.
- The proposal aims to combat inflation and protect Amazon's $88 billion cash reserves.
- It suggests allocating at least 5% of assets to Bitcoin as a hedge against inflation.
- The proposal highlights Bitcoin's strong performance and the success of MicroStrategy's Bitcoin treasury strategy.
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Bitcoinist
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Image Credit: Bitcoinist
Will Amazon Buy Bitcoin? Shareholders Propose 5% Investment
- Shareholders of Amazon.com, Inc. (NASDAQ: AMZN) have submitted a proposal urging the company to consider adding Bitcoin to its balance sheet.
- The proposal emphasizes that Amazon's current treasury management may be insufficient in the face of ongoing inflation, and suggests that incorporating BTC as a treasury asset could serve the best long-term interests of shareholders.
- The shareholders point to Bitcoin's historical returns and outperformance of corporate bonds to support their case.
- The proposal also refers to other publicly listed companies holding BTC and the introduction of Bitcoin-focused investment products by institutional players.
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Tech Story
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Jeff Bezos predicts that Blue Origin will surpass $2 trillion Amazon
- Jeff Bezos predicts that Blue Origin will eventually surpass the valuation of about $2.3 trillion of Amazon.
- Blue Origin, founded by Bezos in 2000, aims to establish affordable and sustainable access to space.
- The company has made notable progress in reusable rocket technology and is involved in lunar missions.
- Bezos believes Blue Origin's focus on sustainability and safety, along with long-term vision, will differentiate it from competitors.
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TechViral
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Image Credit: TechViral
How to Find Saved for Later Items on Amazon
- Amazon has a 'Saved for Later' feature that lets you bookmark items you plan to purchase later.
- You can use Amazon's web version or mobile app to find your saved-for-later items.
- To find your saved-for-later items on Amazon's website, log in and click on the cart icon at the top right of the screen. Then, find the 'Your Items' section and click on the 'Saved for Later' tab.
- To find your saved-for-later items on the Amazon mobile app, log in and tap on the cart icon at the bottom of the screen.
- If your saved-for-later list is cluttered, you can manually remove items from the list by tapping on the 'Delete' button beneath the product image.
- If your saved-for-later list keeps disappearing, contact Amazon's customer service team to resolve the issue.
- The saved-for-later list on Amazon is private, but if you share your Amazon account credentials with others, they can see your saved-for-later items.
- You cannot share your Amazon cart with others, but you can use an extension called Share-A-Cart for Amazon to share cart contents with others.
- The 'Saved for Later' feature is useful for keeping track of price changes and continuing shopping right where you left off.
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Insider
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Amazon isn't seeing enough demand for AMD's AI chips to offer them via its cloud
- AWS has not committed to offering cloud access to AMD's AI chips due to low customer demand.
- Amazon Web Service said it was considering offering cloud access to AMD's new AI chips.
- AWS is not seeing the type of huge customer demand that would lead to selling AMD's AI chips via its cloud service.
- AMD recently increased its GPU sales forecast, but AWS is still not yet seeing high demand for AMD's AI chips.
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Pymnts
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Image Credit: Pymnts
Meta Releases Smaller AI Model With Big Cost Savings
- Meta has unveiled a more efficient artificial intelligence (AI) model called Llama 3.3, which reduces computing costs for businesses adopting AI technology.
- The new AI model requires only 4 gigabytes of memory, making advanced AI more accessible to smaller businesses and potentially saving money on hardware costs.
- The model has 70 billion parameters, down from 405 billion in its predecessor, potentially saving companies up to $600,000 in hardware costs.
- Meta's shrinking model size while maintaining performance could make advanced AI models more accessible to smaller businesses, closing the gap between businesses and expensive AI systems.
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Mensjournal
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Bulova's 'Elegant' Chronograph Watch That 'Feels Great' and 'Keeps Excellent Time' Is Over $200 Off Right Now
- The Bulova Marine Star Chronograph Quartz Watch is on sale for $249, a 45% discount from its usual retail price of $450 on Amazon.
- The watch features a striking two-tone color scheme, with a navy blue dial and bezel insert dressed up with gleaming gold-finished accents.
- It has a 41.5mm stainless steel case, a chronograph complication, and a 100-meter water-resistance rating.
- Reviewers praise its style, durability, accuracy, and weight.
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Mensjournal
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Milwaukee's 'Impressive' M18 Angle Grinder That 'Powers Through Everything' Without Issue Is Over $100 Off
- Milwaukee's Fuel M18 Cordless Angle Grinder is currently on sale for $105 on Amazon, with a discount of 51% off its original price.
- Over 5,000 units have been purchased in the last 30 days, making it the top-selling power angle grinder on Amazon.
- Customers have praised its powerful 800-watt motor, lightweight design, electronic clutch, and anti-vibration side handle for comfort and control.
- With its impressive power and versatility, this grinder is recommended for both professional and DIY tasks.
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Mensjournal
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Over 10,000 Shoppers Have Bought This 'Must-Have' $12 Amazon Gadget to Make Upcoming Holiday Travel More Bearable
- Over 10,000 Amazon shoppers have purchased the Miikare Airplane Phone Holder for $10, making it a popular gadget for holiday travel.
- The phone holder clamps onto tray tables and has received over 5,500 five-star ratings from satisfied customers.
- It offers a three-axis phone holder clamp that can rotate 360 degrees, making it easy to find the perfect viewing angle.
- Customers praise its versatility and recommend it for flights with airlines that lack in-seat entertainment systems.
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Mensjournal
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Craftsman's 'High-Quality' Tool Set Is $120 Off Right Now and Is Packed With 'Everything You Need' for DIY Projects
- Amazon is offering a 48% discount on the 262-piece Craftsman Mechanics Tool Set, which is now priced at $129.
- The set has received over 5,900 five-star ratings from Amazon shoppers and is praised for its high-quality tools and comprehensive selection.
- It includes ratchets, sockets, combination wrenches, hex keys, a bit driver, specialty bits, and more, all made from alloy steel and organized in a three-drawer toolbox.
- Customers appreciate the convenience and versatility of the set, making it a great gift option or addition to any tool collection.
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Insider
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Image Credit: Insider
Amazon's AI chip executive tells BI why Nvidia is not a competitor, how Anthropic helps, and what AMD needs
- Amazon Web Services has launched an upgraded line of AI chips, called Trainium 2, designed for lower cost and not to compete with their Nvidia counterparts, according to Gadi Hutt senior director of customer and product engineering at the company's chip designing subsidiary, Annapurna Labs. The AI chips are meant to provide more customer choice, said Hutt. Meanwhile, AWS has partnered with Anthropic and Intel, and also considered selling AMD's new AI chips, but those chips are still unavailable on AWS as there has not been strong customer demand yet.
- Earlier versions of AWS's AI chips saw mixed results, however, the new chips come with Project Rainier, a new supercomputer cluster, designed to accommodate the new chips. The goal is to give customers a lower-cost option because the market is big enough for multiple vendors, said Hutt.
- The customer profiles and AI workloads they target are also different, making it a joint effort to grow the overall size of the market. In the interview, Hutt discussed several topics, including AWS's partnership with Anthropic, which will be Project Rainer's first customer. The two companies have worked closely over the past year. AWS will continue to work with Intel, whose CEO Pat Gelsinger just retired, because customer demand for Intel's server chips remains high.
- Hutt insists this is not a competition, but a joint effort to grow the overall size of the market and that Nvidia's GPUs will remain dominant in the foreseeable future. But if customers believe that's the way they need to go, then they will do it. Number two is a very good position to be in, Hutt added.
- Graviton is not replacing x86. However, following customer demand, more than 50% of our recent landings on CPUs were Graviton, said Hutt. They also still sell a lot of x86 cores too for their customers and believe they're the best place to do that. They are treating other chip companies as good suppliers and have a lot of business to do together.
- Amazon Web Services is always looking for customer demand and customer feedback, and if customers strongly indicate that they need AMD's AI chips, then there's no reason not to deploy it, said Hutt. As of now, there hasn't been a strong customer demand yet.
- Amazon's AI chip business is supported by Amazon CEO Andy Jassy and AWS's CEO Matt Garman, and there is also a lot of collaboration within the company with science and service teams that build solutions on those chips.
- However, customers still love Nvidia and there is no intention to stop selling them. The market is still big, so there's room for multiple vendors here.
- In summary, AWS's new AI chips are designed to provide more customer choice and not to compete with Nvidia's GPUs, as there is enough customers in the market for multiple vendors. They have also partnered with Anthropic and Intel and already considering AMD's AI chips. However, no strong customer demand yet for it.
- Hutt insists this is not a competition and they aim to grow the market. He also mentioned that Nvidia's GPU will continue to dominate in the foreseeable future and noted that number two is still a good position to be in.
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