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Pymnts
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Walmart, Amazon Explore Stablecoins as Senate Advances Regulatory Framework
- Walmart and Amazon are considering launching their stablecoins to revolutionize the payments landscape and cut down transaction costs.
- Other major companies like Expedia Group and airlines are also exploring similar initiatives in the U.S.
- Stablecoins are digital tokens tied to fiat currencies and could streamline payment processes for merchants by avoiding traditional card networks.
- The GENIUS Act, a stablecoin regulation bill, has passed a key Senate vote aiming to impose oversight and reserves on stablecoin issuers.
- However, the bill has sparked debates due to proposed amendments unrelated to stablecoins, like credit card fee caps.
- Walmart is advocating for more competition in credit card processing.
- The GENIUS Act would mandate capital and liquidity buffers for stablecoin issuers, AML compliance, and regular reserve attestations.
- The bill's fate remains uncertain pending final Senate and House decisions.
- The potential launch of stablecoins by major retailers underscores the need for banks and payment providers to adjust to the evolving digital economy.
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Bitcoinist
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Amazon and Walmart Eye Launch of Their Own Crypto, Details
- Amazon and Walmart are reportedly considering launching their own digital assets, specifically in-house stablecoins.
- The initiative aims to save billions of dollars on fees and payment transactions by shifting away from the traditional financial system.
- Both Amazon and Walmart have been exploring this strategy for a while and have secured patents related to launching stablecoins.
- The companies might be engaged in a competition to become the first US merchants to introduce their own digital assets.
- While Walmart has been working on financial services to 'bank the unbanked,' Amazon has shown interest in various digital asset initiatives.
- The companies have not made any official announcements, and the current situation is based on rumors and speculation.
- The possible introduction of stablecoins could benefit Amazon and Walmart by attracting more customers and reducing costs in their supply chains.
- The political environment in the US appears more positive towards cryptocurrencies, potentially favoring such initiatives.
- The move towards launching stablecoins aligns with the trend of major companies exploring digital currencies.
- Both Amazon and Walmart have been active in the digital asset space, with Amazon even offering credit packs for Web3 Games.
- The companies are yet to confirm any specific plans regarding the issuance of stablecoins.
- The 2019 report outlined the potential benefits of in-house cryptocurrencies for optimizing supply chains and reducing transaction fees.
- The companies' interest in stablecoins reflects a strategic approach to enhancing their financial operations.
- The introduction of stablecoins could bring significant disruptions to the traditional financial system.
- Amazon and Walmart are leveraging their resources and expertise to investigate the feasibility of launching stablecoins.
- The speculation around Amazon and Walmart's potential entry into the crypto space highlights the evolving landscape of digital assets in the corporate sector.
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Mensjournal
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Amazon Is Selling Bosch's Brushless Drill Driver Kit for Over 40% Off Right Now, and It Packs 'Plenty of Power'
- Amazon is offering a deal on the Bosch 12V Max EC Brushless Flexiclick 5-in-1 Drill/Driver System at a 41% discount for $134, down from $229.
- This highly rated drill-driver weighs just 1.2 pounds, yet delivers up to 300 inch-pounds of torque and rotates at 1,750 rpm.
- It features two speed settings for different tasks and comes with various attachments for added versatility.
- Customers on Amazon praise its compact design, impressive performance, and robust power.
- The kit includes a battery, charger, and a carrying case to keep everything organized.
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Siliconangle
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Inside the AI shift in government: 11 perspectives on public sector ops transformation
- Public sector transformation is advancing with the rise of AI and digital labor focused on adaptation, albeit hindered by existing systems and culture.
- Key hurdles in public sector advancement include adoption challenges due to aged infrastructure and bureaucratic inertia.
- The need for AI integration in the public sector is emphasized for future sustainability and competitiveness.
- Amazon's AI strategy combines physical and digital defense aspects to preempt security threats proactively.
- Snowflake is enhancing public sector data management by bringing AI capabilities to where data is located.
- AWS is investing significantly in AI-powered green data infrastructure for efficient public sector operations.
- Salesforce aims to empower government agencies with AI for streamlined and secure operations.
- Public safety processes are being optimized through AI and cloud technologies, improving response times and efficiency.
- AWS is fostering community partnerships to drive economic development alongside technological expansion.
- Caylent Inc. highlights agentic AI as crucial for public sector services' future operational frameworks.
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Massivelyop
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Throne and Liberty moves into the next phase of its Road to Raid gear-up event
- Throne & Liberty is hosting a Road to Raid gear-up event to prepare the community for a big boss fight in Calanthia this month.
- The second phase of the event, starting with Patch 2.14, offers free login rewards, in-game milestones, and bonuses for Dimensional Trials and PvP battles.
- In addition to the ongoing event, there is an Archboss Guild Raid event running until June 25th.
- Guilds participating in the event face a special version of the Tevent fight adjusted for smaller groups, with different mechanics and rewards.
- Defeating the Guild Raid version of Tevent guarantees drops like Tier 2 armor, accessories, Nebula Island items, and a chance for Arch Boss gear.
- Throne & Liberty aims to boost player stats and engagement through these events.
- The events offer opportunities for players to enhance their characters and prepare for challenging content.
- The focus is on strengthening the community's abilities and progression in the game.
- The events provide a way for players to achieve new rewards and gear up for upcoming challenges.
- Throne & Liberty continues to support and engage its player base with these interactive events.
- Players can benefit from the bonuses and rewards offered during the Road to Raid event.
- Guilds can strategize and collaborate to conquer the special Guild Raid version of Tevent during the event.
- The event aims to create excitement and anticipation for the upcoming Calanthia boss fight.
- Throne & Liberty's Road to Raid event is designed to enhance the overall gaming experience for participants.
- Players have a limited time to capitalize on the rewards and challenges presented in the Archboss Guild Raid event.
- The game developers are focused on providing engaging content and experiences for the community.
- The events offer a mix of gameplay challenges and rewards for players to enjoy.
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Pymnts
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Amazon and Walmart Aren’t Surfing Retail-Tech’s Tidal Wave, They’re Driving It
- Amazon and Walmart are no longer just retail competitors but tech conglomerates integrating AI, cloud computing, FinTech, and robotics into their operations.
- Amazon announced a $20 billion investment for AI and cloud data-center campuses in Pennsylvania, focusing on advancing Amazon Web Services.
- Amazon is using AI for delivery forecasting, exploring ad-supported viewing tiers on Prime Video, and integrating Whole Foods into its ecosystem for logistical synergies.
- Walmart is expanding OnePay financial ecosystem to become a digital bank, offering credit programs and digital services to compete with traditional banks.
- Walmart introduced Sparky, an AI shopping assistant, and is targeting younger demographics through digital marketing, mobile commerce, and AI-enhanced customer service.
- Both Amazon and Walmart are investing in drone delivery for operational rollouts by 2025, aiming to solve last-mile delivery challenges with AI and robotics.
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Mensjournal
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Amazon Is Selling a 'Well-Designed' Wall Mount Tool Organizer for 50% Off, and Shoppers Say It 'Maximizes Space'
- Amazon is offering a 50% discount on the Cccei Power Tool Organizer Wall Mount, now priced at $23 instead of $46.
- The organizer has received a 4.6-star rating on Amazon and is praised by shoppers for maximizing space.
- It can store, hang, and charge tools and features four slots, four hooks, four shelves, and eight outlets for charging.
- Made of alloy steel, the organizer is sturdy and each pegboard layer can support up to 33 pounds.
- Customers appreciate the compact and organized solution it provides, especially for garage tools.
- Reviewers highlight the well-designed nature and durability of the organizer, recommending it for tool organization.
- The Cccei Power Tool Organizer Wall Mount is recommended as a great gift, especially with Father's Day approaching.
- It is described as a versatile and practical charging station for tools.
- Assembly is easy, making it a convenient option for storing and organizing tools.
- Shoppers are advised to take advantage of the 50% discount before the product is sold out.
- The product is highlighted as a way to keep tools in a garage or shop organized and easily accessible.
- The discounted price makes it an attractive option for those looking to improve tool storage.
- This tool organizer is well-made and built to last, according to customer feedback.
- The positive reviews emphasize the importance of staying organized and the effectiveness of this tool organizer.
- The item is recommended as a useful and long-lasting solution for tool storage needs.
- Amazon shoppers are encouraged to make use of this limited-time offer for the Cccei Power Tool Organizer Wall Mount.
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Massivelyop
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First Impressions: Chrono Odyssey feels like a jankier New World
- Chrono Odyssey, an upcoming MMORPG from Kakao Games, resembles New World but feels like an inferior imitation in most aspects.
- Character creation in CO offers strong visual customization with detailed options for tweaking body parts, hair, and tattoos.
- The game features six classes with three available in the beta, allowing players to switch between two weapons at will.
- Each class has its own skill tree and active abilities, with some weapon-agnostic 'class mastery' abilities also available.
- Combat in Chrono Odyssey involves managing multiple resources for different classes, like stamina, vigor, and arrows for Rangers.
- The open world mobs are challenging, requiring players to utilize dodge, block, and health potions consistently.
- Gameplay animations and polish in CO are lacking compared to New World, with interactions feeling dated and combat animations needing improvement.
- The narrative in CO follows a story involving time manipulation and multiverse protection, accompanied by mini-dungeons and tough boss battles.
- The crafting system in CO mirrors aspects of New World, with gatherable materials and familiar interaction mechanics.
- Chrono Odyssey, set for a potential 2025 launch, may have potential but currently feels unfinished and less polished compared to its inspiration, New World.
- The article by MassivelyOP offers detailed impressions of CO, emphasizing the evolving nature of MMOs and the importance of hands-on experiences over scored reviews.
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Androidauthority
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Amazon may double the time you spend watching ads on Prime Video
- Prime Video plans to double the amount of ad time users spend watching from two to three and a half minutes to four to six minutes per hour.
- This change places Amazon's Prime Video in the middle tier in terms of ad experience intensity.
- The increased ad load comes after Amazon introduced ads to Prime Video in 2024, despite customer pushback.
- The ad load increase aims to bring Prime Video closer to other platforms like Hulu and Paramount Plus in terms of ad time exposure.
- A report by Adweek cited insights from six ad buyers and reviewed documents to note the current ad load increase on Prime Video.
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Insider
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Leaked memo reveals new leaders reorganizing Amazon's grocery business and integrating Whole Foods
- Jason Buechel, head of Amazon's Worldwide Grocery business, has reorganized the grocery business by assembling a new leadership team.
- Buechel was recently promoted to oversee the global grocery operation.
- Amazon is integrating Whole Foods corporate staff under its main employee programs as part of the restructuring.
- The leaked memo revealed a new leadership team that includes executives from both Whole Foods and Amazon.
- This restructuring is the first major one under Buechel, who took over as Whole Foods CEO in 2022.
- The move aims to accelerate the growth of Amazon's grocery business and promote efficiency.
- The new leadership team is divided into seven main business areas, covering technology, operations, marketing, and more.
- Key members of this team include leaders for grocery technology and supply chain, store operations, real estate growth, marketing, logistics, legal, finance, and communications.
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Mensjournal
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Amazon Is Selling a Solar-Powered Camping Lantern for Under $15, and Shoppers Say It Shines 'Nice and Bright'
- Amazon is offering a Whetstone Cutlery Solar-Powered Lantern for just $13, discounted from its original price of $44.
- The lantern has garnered nearly 650 five-star ratings from happy shoppers and offers four-way power capabilities: solar power, hand crank, AAA batteries, and a rechargeable battery.
- It features 180-lumen bulbs that can last up to 100,000 hours and three levels of brightness, serving as a backup power bank for electronic devices.
- Shoppers appreciate its versatility and value, stating it's perfect for emergencies, camping, and comes fully charged.
- The lantern includes a carrying handle and fold-away hook for easy hanging in tents.
- The solar cell is securely attached, and a handle for cranking the dynamo folds away into the base.
- Customers praise the lantern's illumination and emphasize its affordability as a reliable option for various scenarios.
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Brighter Side of News
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Researchers uncover ancient network of cities hidden in the Amazon rainforest
- Researchers have uncovered a network of ancient settlements hidden in the Amazon rainforest that dates back over 2,500 years, revealing a previously unknown urban civilization.
- The findings, published in Science, show large, complex communities with advanced farming systems and monumental buildings in the Upper Amazon near Ecuador’s Andes.
- This ancient urban network consisted of interconnected settlements with roads, earthen platforms, and agricultural landscapes, supporting a dense population estimated at 10,000 to 30,000 people.
- The societies in these settlements were sedentary agrarian, cultivating crops like maize and sweet potatoes in fertile soils, and engaging in ritual activities that shaped the landscape for ceremonial and social purposes.
- Despite facing challenges from natural disasters like nearby volcanic eruptions, the communities demonstrated resilience over centuries, adapting to and thriving in the Amazon environment.
- The discovery challenges previous assumptions of Amazonia as untouched wilderness, shedding light on the rich cultural history and architectural achievements of ancient Amazonian civilizations.
- The research offers insights into a lesser-known aspect of Amazonia's past and encourages a reevaluation of the region's historical significance and cultural complexity.
- Archaeologists hope that this discovery will lead to further exploration and appreciation of the Amazon's ancient past, showcasing the diversity and sophistication of pre-Hispanic societies in the region.
- The network of cities hidden in the Amazon rainforest provides a fascinating glimpse into the ingenuity and resilience of ancient civilizations, challenging perceptions of the region's history.
- This remarkable find highlights the depth of human history waiting to be rediscovered within the dense jungles of the Amazon, offering a new perspective on the cultural heritage of the region.
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Ars Technica
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Amazon Prime Video subscribers sit through up to 6 minutes of ads per hour
- Amazon Prime Video now requires all subscribers to choose a new ad-based subscription tier or pay more for an ad-free experience starting from January 2024.
- Subscribers are facing an increased number of ads on Prime Video, with the platform reportedly showing four to six minutes of ads per hour.
- Initially, Amazon stated that the ad load would be lower than traditional TV and other streaming services.
- When Prime Video started with ads, it featured two to three-and-a-half minutes of ads per hour, which has now increased.
- Amazon representatives confirmed the increase in ad load to four to six minutes per hour but did not provide specifics on the exact number of ads shown.
- Ad buyers have noticed Amazon's push for more ads, indicating an intention to increase the ad load further in the future.
- With 200 million Prime Video subscribers, a significant portion are ad subscribers, suggesting the need to enhance ad revenue opportunities.
- By increasing ad load, Amazon aims to balance the number of viewers with the number of subscribers and appease advertisers.
- Despite the increase, Prime Video's ad frequency falls in the middle range compared to other streaming services like Netflix, HBO Max, and Peacock.
- Amazon's VP of Prime Video International hinted at a future increase in ad load, projecting a further ramp-up into 2025.
- Reportedly, Prime Video's ad strategy has not led to a significant loss of subscribers, granting Amazon flexibility to continue advancing its ad-supported model.
- Prime Video's ad load compared to linear TV is still lower, as linear TV features 13 to 16 minutes of ads per hour.
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Mensjournal
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Amazon Is Selling a 'Highly Reliable' Portable Power Station for Over 30% Off, and Shoppers Say It’s a 'Lifesaver'
- Amazon is offering a Marbero M82 Portable Power Station for $74, discounted from $110, resulting in a 33% off deal.
- The power station has received over 1,500 five-star ratings from satisfied customers who describe it as a 'lifesaver' and a versatile energy tool.
- It features eight output ports that can charge various devices including phones, laptops, and gaming consoles, and it can also act as a light source with three brightness levels.
- The power station comes with an adapter that enables it to charge from 0 to 80% in just two hours.
- It is compact and lightweight, weighing under 3 pounds, and includes an ergonomic handle for easy portability.
- Customers praise the power station for its versatility, reliability, and ability to charge multiple devices simultaneously.
- One reviewer highlighted using it for camping and powering a small projector, while another emphasized its usefulness during power outages and emergencies.
- The Marbero M82 Portable Power Station is currently a bestseller on Amazon and is in high demand.
- The product is recommended for those looking for a reliable and practical power solution for various situations.
- Men's Journal, where the article is featured, may earn a commission from purchases made through the provided links in the article.
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TechDigest
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Amazon’s AI-powered Alexa Plus rolls out, sparking mixed reactions
- Amazon's advanced generative AI upgrade, Alexa Plus, is now accessible to over a million users, offering enhanced features like managing calendars, music control across rooms, Uber bookings, and more.
- The rollout to Echo devices, starting in late March after delays, is accelerating, with wider availability planned for summer, and will eventually cost $19.99 per month or be free for Amazon Prime members.
- Not all features are live due to gradual release; upcoming functionalities include Fire TV control, grocery ordering, browser access, and personalized music creation over the next few weeks and months.
- Early user feedback on Alexa Plus varies, with appreciation for natural conversations but criticism for the new voice and significant smart home control bugs.
- Some users have praised the conversational experience, complex request handling, and smart home device coordination, while others find the new voice tone irksome.
- Reports have surfaced regarding bugs affecting smart home device control under the new Alexa Plus version which users didn't encounter with the prior Alexa service.
- Mixed reactions suggest that while Alexa Plus has notable features, such as voice-based Alexa Routines and smart home customization, there are concerns about voice quality and functionality issues.
- For some users, bugs in smart home control have been a significant drawback of the new Alexa Plus experience, impacting the usability of previously working devices.
- Amazon's Alexa Plus service aims to offer a more interactive, personalized, and seamless voice assistant experience, catering to a diverse range of user needs.
- The new service is set to provide enhanced capabilities like document information recall, music transfer between rooms, and easy management of various tasks through voice commands.
- Despite initial positive feedback on Alexa Plus's conversational aspects and advanced features, concerns have emerged regarding the new voice's perceived obnoxiousness and reported bugs in smart home device control.
- Lingering issues with smart home device control indicate a need for further improvements to ensure a smooth transition to the latest Alexa Plus system.
- Early adopters have highlighted both the strengths and weaknesses of Amazon's Alexa Plus, emphasizing the potential of the AI-powered voice assistant while also noting areas that require refinement.
- The rollout of Alexa Plus marks a significant advancement in Amazon's AI technology, introducing new capabilities and enhancing user interactions with voice-activated features.
- Further updates and bug fixes are expected to address the reported bugs and fine-tune the overall user experience with the Alexa Plus platform.
- User feedback will be crucial in shaping the future development of Alexa Plus, guiding Amazon in refining the service to meet user expectations and improve functionality.
- Overall, the mixed reactions to Amazon's Alexa Plus underscore the complexities of introducing advanced AI features and the importance of continual updates and user feedback in refining the service.
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