VENTURE CAPITAL POST

Amazon faces a £1 billion ($1.3 billion) lawsuit from British retailers, led by the British Independent Retailers Association (BIRA), accusing the company of misusing their data to boost its own market share and profits by undercutting them with cheaper rival products.

The Amazon Labor Union has affiliated with the International Brotherhood of Teamsters, receiving support from one of the most powerful labor unions.

Atlas Air Worldwide will stop flying freighter aircraft for Amazon's domestic parcel network by mid-2025.

Amazon said FAA has allowed its Prime Air delivery drones to fly further without ground spotters.

Twitch has terminated the contracts of its current Safety Advisory Council members and will expand the council's membership to include approximately 180 ambassadors from its ambassador program.

Amazon failed to convince a US district court to dismiss the Federal Trade Commission’s lawsuit accusing the tech giant of allegedly tricking people into signing up for its Prime service.

Amazon Fresh price cuts were announced. Will this help bring back the customers it lost because of inflation?

Amazon's AWS will help Italy expand its data center. The cloud computing arm will invest billions of dollars to make it happen.

Amazon.com investors have voted down all 14 resolutions that called for increased transparency on carbon emissions, directors' donations, and the establishment of a committee to manage AI development.

Microsoft, Amazon, OpenAI, and other tech giants have committed to a landmark international AI safety agreement at the Seoul AI Safety Summit, including a "kill switch" to halt AI development if risks cannot be mitigated.

Blue Origin launched its first human spaceflight in two years after an uncrewed flight in 2022 forced the company to postpone its human spaceflights.

Despite being proud of the company's success, Jeff Bezos now voices his concerns about Amazon’s need to enhance its AI capabilities to stay competitive.

Paramount has been reported to be talking with Amazon to expand its media partnership, including the bundled sales of channels and advertising measures.

Amazon is expanding its advertising strategy by introducing ads on its Prime Video streaming service. The company aims to generate $3 billion in revenue and compete with traditional media giants.

Amazon Web Services's CEO Adam Selipsky has announced his resignation, stating that he is leaving the company's cloud computing business in a "strong position" after dedicating 15 years to its growth.