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'You'll never go to Amazon': Bill Gates believes AI will change the way we shop and search
- Bill Gates predicts that advanced AI agents will disrupt search engines and online shopping platforms.
- He believes that people will no longer need to visit search sites or Amazon with the advent of AI agents.
- Microsoft aims to lead in the development of AI agents, but Gates acknowledges the possibility of a startup taking the lead.
- Gates highlights Inflection AI as an impressive company working on redefining human-computer interaction.
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Jeff Bezos, girlfriend make grand entrance at Cannes on $500 million superyacht
- Jeff Bezos and his girlfriend Lauren Sanchez arrived in France to attend the Cannes Film Festival aboard his $500-million superyacht, Koru. The yacht measures 417 feet in length and is considered the largest sailing yacht globally.
- Bezos also brought along his support yacht, Abeona, to accompany Koru during the festival. This additional vessel provides further assistance and amenities during their time in Cannes.
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Amazon employee who was fired in January, rejoins company after 4 months in senior role
- Ex-Amazon employee Paige Cipriani announces her rejoining of the company just four months after being laid off, expressing her happiness in a LinkedIn post.
- Cipriani reveals she has returned to the same team she was previously on, but in a different role as a Product Marketing Manager.
- Amazon recently laid off 500 employees in India and had previously announced layoffs of 9,000 globally in March and 18,000 in January.
- Cipriani's rehiring suggests strategic workforce adjustments at Amazon and highlights the company's value in retaining skilled employees.
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Tech company delays fresher's joining by 6 months, leaving limited time to find job in the US
- International student on F1 visa faces visa status uncertainty as Amazon delays job offer by six months, leading to cancellation and search for new opportunities.
- Amazon's delayed job offer leaves international student on F1 visa in a 'devastating blow', forcing them to seek employment within 90 days to maintain visa status.
- F1 visa holder shares LinkedIn post after declining other offers for Amazon job, seeks new opportunities in Data Analytics, Data Science, and Software Engineering.
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15-minute phone call leads to layoff of Indian employee in the US
- An Indian data scientist, who was recently laid off by Amazon after three years of service, shared his foreboding experience on LinkedIn, having joked about setbacks just before his promotion.
- He described the disheartening experience of a 15-minute phone call leading to his termination, highlighting the contrast between years of dedication & layoffs
- Despite being promoted to Senior Economist at Amazon, an unfortunate turn of events led to the data scientist's termination exactly three months later, emphasizing the unpredictability of job security.
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Slash, hike, paywall: What Netflix, Amazon and JioCinema are doing with their pricing strategies
- Leading video OTT players in India like JioCinema, Amazon Prime Video, and Netflix have been experimenting with their strategies by introducing a paywall, hiking prices, and slashing prices respectively.
- India boasts 424 million OTT users, but only 49 million are paying subscribers, prompting OTT players to explore diverse price points and content offerings to tap into the vast entertainment consumption market.
- Netflix slashed prices by 20-60%, Amazon Prime Video increased monthly and quarterly plan prices, while JioCinema introduced a subscription-based tier and exclusive content.
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Amid mass layoffs and slowing growth, what lies ahead for Amazon India's future?
- Despite recent layoffs, experts believe Amazon's India business has growth potential in e-commerce and web services, leveraging the country's tech talent and market customization.
- Layoffs in Indian e-commerce companies are seen as a normal response to the current economic situation, with efficiency improvement and automation compensating for reduced workforce impact on business operations.
- Branding expert Harish Bijoor predicts that Amazon will undergo changes and experiment with its products and services in the evolving e-commerce segment, indicating a shift in business models.
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Why shopping on Amazon will get costlier from May 31
- The e-commerce giant, Amazon, has decided to increase fees and commissions on certain categories of products, including electronics, cosmetics, clothes, beauty products, groceries, and medicines.
- The increase in charges is likely to pass on the additional burden to customers, potentially making shopping on Amazon more expensive.
- The seller fees for over-the-counter medicines are expected to rise significantly, with fees for products worth Rs 500 or less increasing from 5.5% to 12%, and for products costing more than Rs 500, the seller fee will be 15%.
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Ex-TCS, Amazon employee reveals he got offers with 30% hike even after being laid off
- Arideep Dutta, a former employee of TCS and Amazon, shared his experience of being laid off by Amazon and successfully finding new job offers with a 30% salary hike.
- After being mentally prepared for the layoff, Arideep took a short break to attend a family wedding before strategizing and preparing for his job search.
- He shared news of his layoff on LinkedIn and received interview offers, but some companies tried to negotiate lower salaries upon realizing he had been laid off.
- Arideep stands strong on salary expectations, secures multiple offers, including Flipkart, with a 30% salary hike in a tough job market.
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Layoffs at Amazon India: Employees in web services, HR teams handed pink slips
- Amazon India has laid off employees in its AWS and PXT verticals in a fresh round of downsizing.
- The layoffs are part of the announcement made by Amazon CEO Andy Jassy in March that would impact 9,000 employees.
- Sources suggest that nearly 400-500 employees may be impacted, and PXT is one of the most vulnerable verticals.
- The slowdown in growth of AWS revenues and the macroeconomic conditions were cited as major reasons behind the downsizing round.
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Amazon Web Services announces $250,000 investment to support 50 Polkadot-based startups
- Amazon Web Services (AWS) has pledged $250,000 to Polkadot Now India to fund 50 blockchain projects building on the Polkadot network.
- Startups building these projects will get access to $5,000 worth of AWS credits each to help them develop and scale up their businesses with expert support.
- Polkadot Now India recently organized a conference in Bangalore to educate the Indian blockchain crypto community about its network, and this grant is expected to strengthen the Indian Web3 ecosystem.
- This initiative is expected to provide essential infrastructure required to build on Polkadot, and it will open up a gateway of opportunities for startups to explore and expedite their journey.
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Amazon teams up with Uber to allow customers to track Uber Eats orders through Alexa
- Amazon and Uber partner up to allow customers to track Uber Eats orders through Alexa, Amazon's voice assistant.
- The new feature will give Echo device owners updates on their food delivery status and is set to launch later this month.
- Customers can turn on the "Track with Alexa" option in the Uber Eats app's voice assistant settings and receive updates through the Echo's blue ring light or Alexa's voice announcement.
- The integration is expected to drive adoption of Alexa's third-party voice apps and increase customer satisfaction by providing a convenient and hands-free way to track food deliveries.
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'We will do okay': Amazon Prime Video on recent subscription price hike in India
- Amazon Prime Video's recent hike in prices of membership plans in India is expected to reap benefits, according to its top executive Sushant Sreeram.
- The firm recently increased the pricing of its monthly and quarterly plans by Rs 120 and Rs 140, respectively, within two years of hiking its Prime membership prices in India.
- The Country Director of Prime Video in India stated that the company is obsessed over customers and as long as the service is broadly available and accessible across different products, price plans, and genres of entertainment, they will do okay.
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Amazon worker making TikTok video accidentally records moment she got fired
- Amazon employee accidentally films the moment she finds out she's been laid off while making a TikTok video.
- Jen Lucas, a former recruiting manager at Amazon, discovered the news while checking her emails in the morning.
- Lucas shared her experience on LinkedIn and reflected on her time at Amazon, where she had worked since 2015.
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Amazon India acquires OTT platform MX Player for a marked-down price
- Amazon India is reported to have acquired OTT platform MX Player from Times Internet Ltd (TIL) for a much lower price than the 2018 acquisition cost of INR1,000 crore ($134m).
- The deal is expected to add around 78 million users to Amazon Prime Video's current 28 million, potentially making it four times larger in terms of consumer acquisition.
- Amazon Prime Video has not commented on the rumours or speculation, but it is expected that the final payments of the deal should be completed by 30 June.
- The acquisition is likely to intensify India's OTT war, especially as the sector faces growth challenges with new players entering the game.
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