Jeff Bezos is reportedly in the process of raising $100 billion to acquire and transform outdated manufacturing companies using artificial intelligence (AI), as per sources cited by The Wall Street Journal. This initiative is linked to Bezos’s AI venture, Project Prometheus, where he serves as co-founder and co-CEO alongside former Google executive, Vik Bajaj. Project […]
On February 26, 2026, Jack Dorsey announced a significant restructuring at Block, the payments company he founded, which includes Square, Cash App, and Tidal. The company plans to lay off over 4,000 employees, effectively reducing its workforce by nearly half, from over 10,000 to just under 6,000. The announcement triggered a 24% increase in Block’s […]
CES 2026 has recently wrapped up in Las Vegas, attracting attention from the consumer tech sector, with companies like Nvidia, Sony, and AMD showcasing innovative products. Over the event’s duration, a notable emphasis was placed on AI, particularly on advancements in physical AI and robotics, overshadowing last year’s focus on agentic AI. During the event, […]
Amazon has recently acquired the AI wearables startup Bee, according to a LinkedIn post from Bee co-founder Maria de Lourdes Zollo. Amazon confirmed the acquisition to TechCrunch, although the deal has yet to be finalized. Bee, which raised $7 million last year, produces both a stand-alone device resembling a Fitbit, priced at $49.99 plus a […]
Google recently announced its initiative called the AI Futures Fund, aiming to invest in AI startups. This venture is designed to provide capital, early access to unproduced AI models, and support from Google’s internal experts. To date, Alphabet, Google’s parent company, has already invested in 38 AI firms, including notable acquisitions such as DeepMind, Waymo, […]
Amazon has launched a new feature called "Recaps" for Kindle users, aimed at helping them recall plot points and character arcs before diving into the latest book in a series. Though Amazon’s initial announcement did not mention artificial intelligence, the company confirmed to TechCrunch that the recaps are indeed generated using AI technology. Ale Iraheta, […]
Amazon has unveiled its latest advancement in artificial intelligence, the Nova Act, a robust AI model designed to enhance the capabilities of smart agents within web environments. Traditionally, AI agents were limited to answering queries through methods like Retrieval-Augmented Generation (RAG). However, Amazon aims to redefine this concept, envisioning agents that can undertake complex, multi-step […]
Amazon Echo users are facing a significant change as the company announces that starting March 28, voice recordings will no longer be processed locally on devices. Instead, all recordings will be sent directly to Amazon’s cloud. This decision was disclosed via an email from Amazon to users who have previously enabled the "Do Not Send […]
Amazon has announced the formation of a new group within AWS focused on creating agentic AI systems designed to help automate various aspects of daily life. According to a report from Reuters, AWS CEO Matt Garman emphasized that agentic AI holds significant potential, possibly leading to the next multi-billion dollar opportunity for the company. The […]
Amazon has announced a significant plan to invest over $100 billion in AI for 2025, marking a considerable increase from its earlier projection of $75 billion for the same year. This spending primarily focuses on enhancing their Amazon Web Services (AWS) cloud division’s AI capabilities. CEO Andy Jassy highlighted that the fourth-quarter capital expenditures of […]