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...Separate from its innovation fund, Amazon has committed up to $4bn to generative AI start-up Anthropic....
...Tech giant Amazon has struck a deal with the UK’s largest publisher Reach over obtaining customer data to target online advertising, as the media industry scrambles to respond to Google’s move to axe “cookies...
...By contrast, Amazon customers typically get their packages to US consumers within two days....
...The rally has sent Amazon’s share price up to close to its all-time high, and pushed the company’s market capitalisation to $1.75tn. Amazon declined to comment....
...In addition to growing the cloud business, Amazon has been on a drive in recent quarters to cut costs and expand margins across its sprawling empire that includes retail, grocery, healthcare and video streaming...
...Kroger and Albertsons argue the deal is necessary for them to compete against retail giants such as Walmart and Amazon, and even dollar stores in the grocery space....
...Since then, the ecommerce giant has acquired supermarket chain Whole Foods, created Amazon Go and Amazon Fresh grocery stores and added a handful of other shops selling gadgets and clothes....
...The real story about Amazon’s attempt to revolutionise shops is more complicated....
...well for general retail to gain a foothold in medical sales....
Can the e-commerce site grab market share from Amazon?
...Amazon’s online pharmacy business is part of the Seattle-based retail giant’s effort to crack the US healthcare sector....
...The annual retail value of returned goods in the US is said to be approaching $1tn....
UK fashion brand on the brink of collapse, threatening hundreds of jobs
...The tech giant is also running a 10-year partnership with Deutsche Börse, while New York’s Nasdaq is working with Amazon Web Services....
...A central concern is that the company performs so many potentially conflicting roles within the retail economy: it sells stuff like a retailer; acts as a shopfront for others; and sells its own branded goods...
...Amazon declined to comment....
...But it shows Walmart is serious about building a rival to Amazon Prime....
...Amazon rolled out Amazon Q, a rival to Microsoft’s generative AI assistant, last year alongside a suite of AI services and hardware, and on Thursday unveiled an AI shopping assistant that will answer customer...
...EU antitrust regulators raised a formal objection to the deal last year, warning the transaction would restrict competition by allowing the online retail giant to reduce the visibility of rival robot vacuum...
...“They are not cheap Chinese knock-offs . . . you can’t say the same for a lot of the third-party merchants on Amazon.”...
...It’s bigger than Next, M&S and JD Sports put together, and bigger than the whole of the FTSE 250 retail sector....
Also in this week’s newsletter, English football’s casino league and Aston Villa’s grand ambitions
...Amazon said: “We are very disappointed with this decision, as we want to engage constructively with policymakers....
...As the marketplace has grown, Amazon has had to do more to police it....
...After Amazon stepped in, three other MLB clubs — the 2023 World Series champion Texas Rangers, the Cleveland Guardians, and Minnesota Twins — opted instead to sign year-long extensions to have their games...
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