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Monday, March 2, 2026

Tag: Amazon

Amazon Plans OpenAI Investment to Boost Alexa After Layoffs

Amazon is in talks for a multi-billion dollar investment in OpenAI to enhance its AI capabilities and improve Alexa, following major 2023 job cuts.

LG and Amazon Sign Wi-Fi Patent Licensing Agreement

LG Electronics grants Amazon access to its Wi-Fi standard-essential patents for Alexa speakers, Fire TV, and tablets, strengthening global technology positioning.

COP30 Climate Summit Shows Waning Global Commitment

Brazil climate conference faces low attendance and funding cuts as political divisions sideline environmental goals. Key nations skip crucial talks.

OpenAI and Amazon Sign $38 Billion AI Computing Deal

OpenAI will power its AI systems using Amazon's cloud infrastructure in a landmark $38 billion partnership, marking a strategic shift from Microsoft exclusivity.

Singapore Investors Drive US Tech Stock Activity Amid AI Boom

Singapore investors show strong interest in US tech stocks as Meta, Amazon and Nvidia report mixed results. Keppel hits 10-year high while SGX announces regulatory reforms.

Festive E-commerce Sales Jump 24% as Small Towns Drive Growth

India's festive online sales surge with quick commerce growing 120% and Tier II/III cities contributing 55% of orders. Gold sales see 10x growth.