Rare video and images show more than 50 Mashco Piro people close to a number of logging concessions in the Peruvian Amazon. Watch to know more.

Peru: Uncontacted tribe seen in Peruvian Amazon where loggers are active

Peru: Uncontacted tribe Mashco Piro seen in Peruvian Amazon where loggers are active

The US Federal Trade Commission (FTC) has pulled Amazon for more information over its recent deal to hire top executives and researchers from AI startup Adept.

That signals an increasing unease by the FTC regarding how AI-related deals are structured and follows a wider review of collaborations between major tech firms and top AI startups.

The probe, which hasn't been previously reported, centres on the following: Amazon announced last month that Adept's CEO, David Luan, and other top officials were joining Amazon, as well as that Amazon would license some of Adept's technology.

Such informal inquiries do not always lead to official investigations or enforcement actions. 
The push here for Amazon is to try to match other competitors like Google or Microsoft in racing to develop advanced large language models for instant responses to complex prompts.

This project will now be led under the new Artificial General Intelligence (AGI) team at Amazon by Luan, heading the "AGI Autonomy" team of many people formerly at Adept, reporting directly to Rohit Prasad, head of the AGI team.

In 2022, Adept attracted attention early on with its $400 million capital raise from venture capital investors for training large models for general-use tasks aimed at enterprise customers. 
Valued at a plus of $1 billion and having open-sourced some of the models, Adept could not launch successful commercial products.

What remains to be seen is whether Amazon has compensated the investors or, at a minimum, licensing fees. The FTC, Amazon, and Adept have all declined to comment.

But as part of a broader pattern, the FTC is separately investigating a similar move by Microsoft, which recently poached key leadership and employees from another startup, Inflection AI, and agreed to a $650 million licensing fee.

People familiar with the matter say the FTC has begun investigating whether such deals are being used to circumvent merger disclosure requirements.

This isn't the first time that Amazon has tiptoed into the AI startup space. Since September, Amazon has sunk $4 billion into AI startup Anthropic in exchange for a minority stake in the San Francisco company.

Back in January, the FTC opened an investigation into investments and partnerships in the AI space by requesting information on the relationships between large tech firms like Microsoft, Google, and Amazon and AI companies, including how such deals affect strategic decisions, pricing, product and service access, and personnel.

In the US, antitrust regulators have pointed out such concerns that large technology companies might use this AI advantage against smaller rivals.

The FTC and the Justice Department have divvied the oversight of potential investigations into companies like Microsoft, OpenAI, and Nvidia.

The US Federal Trade Commission (FTC) has pulled Amazon for more information over its recent deal to hire top executives and researchers from AI startup Adept. That signals an increasing unease by the FTC regarding how AI-related deals are structured and follows a wider review of collaborations between major tech firms and top AI startups.

The US Federal Trade Commission (FTC) has pulled Amazon for more information over its recent deal to hire top executives and researchers from AI startup Adept. That signals an increasing unease by the FTC regarding how AI-related deals are structured and follows a wider review of collaborations between major tech firms and top AI startups. The probe, which hasn't been previously reported, centres on the following: Amazon announced last month that Adept's CEO, David Luan, and other top officials were joining Amazon, as well as that Amazon would license some of Adept's technology. Such informal inquiries do not always lead to official investigations or enforcement actions. The push here for Amazon is to try to match other competitors like Google or Microsoft in racing to develop advanced large language models for instant responses to complex prompts. This project will now be led under the new Artificial General Intelligence (AGI) team at Amazon by Luan, heading the "AGI Autonomy" team of many people formerly at Adept, reporting directly to Rohit Prasad, head of the AGI team. In 2022, Adept attracted attention early on with its $400 million capital raise from venture capital investors for training large models for general-use tasks aimed at enterprise customers. Valued at a plus of $1 billion and having open-sourced some of the models, Adept could not launch successful commercial products. What remains to be seen is whether Amazon has compensated the investors or, at a minimum, licensing fees. The FTC, Amazon, and Adept have all declined to comment. But as part of a broader pattern, the FTC is separately investigating a similar move by Microsoft, which recently poached key leadership and employees from another startup, Inflection AI, and agreed to a $650 million licensing fee. People familiar with the matter say the FTC has begun investigating whether such deals are being used to circumvent merger disclosure requirements. This isn't the first time that Amazon has tiptoed into the AI startup space. Since September, Amazon has sunk $4 billion into AI startup Anthropic in exchange for a minority stake in the San Francisco company. Back in January, the FTC opened an investigation into investments and partnerships in the AI space by requesting information on the relationships between large tech firms like Microsoft, Google, and Amazon and AI companies, including how such deals affect strategic decisions, pricing, product and service access, and personnel. In the US, antitrust regulators have pointed out such concerns that large technology companies might use this AI advantage against smaller rivals. The FTC and the Justice Department have divvied the oversight of potential investigations into companies like Microsoft, OpenAI, and Nvidia.

FTC inquires into Amazon's AI hiring deal amid broader scrutiny of big tech partnerships

Emilia Clarke who is best known for playing the Queen Mother of Dragons in Game of Thrones has now been cast in a crime drama. Titled Criminal, the show is based on a graphic novel series created by Ed Brubaker and Sean Phillips.&nbsp;

In the show that will premiere on Amazon Prime Video, Emilia Clarke will play a girl named Mallory who is described as&nbsp;“a slick and daring armed robber, as quick with a gun as she is with her wits. Part of a heist crew with Ricky Lawless (Gus Halper), who she’s in a passionate Bonnie-and-Clyde-like affair with. Mallory is a woman on the edge, living on the wrong side of the law and hiding secrets that will bring her and her entire crew into the danger zone.”

Criminal will also feature actors Charlie Hunnam, Richard Jenkins, John Hawkes, Adria Arjona, Logan Browning, Kadeem Hardison, Pat Healy, Taylor Sele, Aliyah Camacho, Michael Mando, Marvin Jones III, Michael Xavier and Dominic Burgess.

The show will have showrunners, Brubaker and Jordan Harper.

<h2>Why was Emilia Clarke recently in news?</h2>

Emilia Clarke was recently trending on social media, especially Instagram and X as HBO show House of the Dragon dropped its most recent episode and featured a bloody war between the dragons of Westeros.

Emilia played Daenerys Targaryen, heir to the Iron Throne in Game of Thrones. 

Game of Thrones is the original series and was a massive success. House of the Dragon is a spinoff of the show which predates the events of Game of Thrones by some 200 years.

Also read:&nbsp;<a href="https://www.wionews.com/entertainment/hollywood/news-_-years-after-filing-for-divorce-angelina-jolie-and-brad-pitts-legal-battle-is-far-from-over-739777">Eight years after filing for divorce, Angelina Jolie and Brad Pitt's legal battle is far from over</a>

Emilia has also featured in Marvel’s Secret Invasion, Disney’s Solo: A Star Wars Story and Terminator: Genisys. In 2022, Clarke made her West End stage debut in Anya Reiss’ adaptation of Anton Chekhov’s The Seagull.&nbsp;

Emilia Clarke who is best known for playing the Queen Mother of Dragons in Game of Thrones has now been cast in a crime drama. Titled Criminal, the show is based on a graphic novel series created by Ed Brubaker and Sean Phillips.

Emilia Clarke who is best known for playing the Queen Mother of Dragons in Game of Thrones has now been cast in a crime drama. Titled Criminal, the show is based on a graphic novel series created by Ed Brubaker and Sean Phillips. In the show that will premiere on Amazon Prime Video, Emilia Clarke will play a girl named Mallory who is described as “a slick and daring armed robber, as quick with a gun as she is with her wits. Part of a heist crew with Ricky Lawless (Gus Halper), who she’s in a passionate Bonnie-and-Clyde-like affair with. Mallory is a woman on the edge, living on the wrong side of the law and hiding secrets that will bring her and her entire crew into the danger zone.” Criminal will also feature actors Charlie Hunnam, Richard Jenkins, John Hawkes, Adria Arjona, Logan Browning, Kadeem Hardison, Pat Healy, Taylor Sele, Aliyah Camacho, Michael Mando, Marvin Jones III, Michael Xavier and Dominic Burgess. The show will have showrunners, Brubaker and Jordan Harper. Why was Emilia Clarke recently in news? Emilia Clarke was recently trending on social media, especially Instagram and X as HBO show House of the Dragon dropped its most recent episode and featured a bloody war between the dragons of Westeros. Emilia played Daenerys Targaryen, heir to the Iron Throne in Game of Thrones. Game of Thrones is the original series and was a massive success. House of the Dragon is a spinoff of the show which predates the events of Game of Thrones by some 200 years. Also read: Eight years after filing for divorce, Angelina Jolie and Brad Pitt's legal battle is far from over Emilia has also featured in Marvel’s Secret Invasion, Disney’s Solo: A Star Wars Story and Terminator: Genisys. In 2022, Clarke made her West End stage debut in Anya Reiss’ adaptation of Anton Chekhov’s The Seagull.

GoT star Emilia Clarke roped in to lead Prime Video's crime drama

The proliferation of obscure Chinese brands on Amazon is reshaping the online shopping landscape. Run of the mill brands dominate search results, often offering low-cost alternatives to established names.

Amazon's junk brand invasion

The proliferation of obscure Chinese brands on Amazon is reshaping the online shopping landscape.

Run-of-the-mill brands dominate search results, often offering low-cost alternatives to established names.

This influx is driven by Amazon’s prioritization of independent merchants, with over half of its top sellers now based in China.

For consumers, this means a vast array of inexpensive products but often at the cost of quality and reliability.

The sheer volume of indistinguishable products can overwhelm shoppers, leading to frustrations with navigating numerous listings and sorting through potentially dubious reviews.

In the broader e-commerce industry, this trend marks a shift towards commoditization and intense price competition.

Rivals like Shein have capitalised on similar models, challenging Amazon's dominance by offering rock-bottom prices even if it means longer shipping times.

Amazon's response, including a "Direct from China" service, highlights the pressure to adapt in a market increasingly driven by cost-conscious consumers willing to sacrifice speed and brand recognition for lower prices.

The proliferation of obscure Chinese brands on Amazon is reshaping the online shopping landscape. Run-of-the-mill brands dominate search results, often offering low-cost alternatives to established names.

The proliferation of obscure Chinese brands on Amazon is reshaping the online shopping landscape. Run-of-the-mill brands dominate search results, often offering low-cost alternatives to established names. This influx is driven by Amazon’s prioritization of independent merchants, with over half of its top sellers now based in China. For consumers, this means a vast array of inexpensive products but often at the cost of quality and reliability. The sheer volume of indistinguishable products can overwhelm shoppers, leading to frustrations with navigating numerous listings and sorting through potentially dubious reviews. In the broader e-commerce industry, this trend marks a shift towards commoditization and intense price competition. Rivals like Shein have capitalised on similar models, challenging Amazon's dominance by offering rock-bottom prices even if it means longer shipping times. Amazon's response, including a "Direct from China" service, highlights the pressure to adapt in a market increasingly driven by cost-conscious consumers willing to sacrifice speed and brand recognition for lower prices.

Chinese brands surge on Amazon, redefining online shopping

Talen Energy has petitioned US regulators to dismiss a challenge brought against its recent deal with Amazon data centre. The opposition, led by electric utilities such as American Electric Power and Exelon, claims that there is likely to be an increase in the power bills for the general public with such an agreement.

In a Friday filing, Talen Energy emphasised that the utilities' concerns are ill-founded. The firm has upheld its interconnection agreement regarding the Amazon data centre, which will have no bearing on grid reliability and increase utility costs to its customers.

"It is an unlawful attempt to hijack this limited interconnection service agreement amendment proceeding that they have no stake in and turn it into an ad hoc national referendum on the future of data centre load," Talen said in its filing with the Federal Energy Regulatory Commission.

The deal, announced in March, will see Talen sell electricity and a data centre campus at its nuclear power plant in Pennsylvania. This will provide Amazon Web Services with up to 960 megawatts of electricity for its data centres—enough to power about one million homes.

Tech companies are looking for vast amounts of electricity to power and cool data centres handling key modern advances such as generative AI. Nuclear energy, which is virtually carbon-free, provides continuous power, rapidly becoming one of the most preferred options for powering data centres.

Last month, a coalition of utilities—including American Electric Power and Exelon—asked the Federal Energy Regulatory Commission to either further investigate the agreement or scrap it. They argued that the interconnection agreement could shift an unfair cost to regular ratepayers of $140 million annually.

Talen Energy believes extensively that the deal has potential public benefits without increased power costs or destabilising power grids. While the company hopes for the regulatory thumbs-up on the deal, Talen claims the deal would usher in surging demand for secure, carbon-free energy needed by the rapidly growing tech industry.

Talen Energy has petitioned US regulators to dismiss a challenge brought against its recent deal with Amazon data centre. The opposition, led by electric utilities such as American Electric Power and Exelon, claims that there is likely to be an increase in the power bills for the general public with such an agreement.

Talen Energy has petitioned US regulators to dismiss a challenge brought against its recent deal with Amazon data centre. The opposition, led by electric utilities such as American Electric Power and Exelon, claims that there is likely to be an increase in the power bills for the general public with such an agreement. In a Friday filing, Talen Energy emphasised that the utilities' concerns are ill-founded. The firm has upheld its interconnection agreement regarding the Amazon data centre, which will have no bearing on grid reliability and increase utility costs to its customers. "It is an unlawful attempt to hijack this limited interconnection service agreement amendment proceeding that they have no stake in and turn it into an ad hoc national referendum on the future of data centre load," Talen said in its filing with the Federal Energy Regulatory Commission. The deal, announced in March, will see Talen sell electricity and a data centre campus at its nuclear power plant in Pennsylvania. This will provide Amazon Web Services with up to 960 megawatts of electricity for its data centres—enough to power about one million homes. Tech companies are looking for vast amounts of electricity to power and cool data centres handling key modern advances such as generative AI. Nuclear energy, which is virtually carbon-free, provides continuous power, rapidly becoming one of the most preferred options for powering data centres. Last month, a coalition of utilities—including American Electric Power and Exelon—asked the Federal Energy Regulatory Commission to either further investigate the agreement or scrap it. They argued that the interconnection agreement could shift an unfair cost to regular ratepayers of $140 million annually. Talen Energy believes extensively that the deal has potential public benefits without increased power costs or destabilising power grids. While the company hopes for the regulatory thumbs-up on the deal, Talen claims the deal would usher in surging demand for secure, carbon-free energy needed by the rapidly growing tech industry.

Power play: Will Talen's Amazon deal spark a utility battle?

Amazon has announced that it would axe its security robot Astro for Business to focus only on in-home robots. Astro was initially launched in 2021 for homes and in November for small and medium-sized businesses. The business edition was focused on supporting industries such as retail, manufacturing, and health and wellness.

"To accelerate our progress and ongoing research to make Astro the best in-home robot, we've made the decision to wind down support for Astro for Business," an Amazon spokesperson stated.

Astro, for home purposes, performs functions such as monitoring the home, setting routines or reminders, and moving about the house playing music and TV shows. Priced at $2,349.99, it had a business version available only in the United States to help customers monitor their business round the clock.

Astro for Business robots will not be operational from September 25, as the discontinuation of Astro for Business takes effect. Also, Amazon is offering a $300 credit to affected customers for a replacement solution for their workplace needs.

The company will no longer charge for the subscription to Astro Secure and will offer refunds for any unused, pre-paid fees starting Wednesday. The move underscores Amazon's commitment to refining Astro's capabilities for household use and its promise for advancement in home automation.

The business-to-household robotics shift is a strategic step taken by Amazon toward enhancing in-home experiences for its customers. With resources and research now focused on the domestic version of Astro, Amazon puts itself in a position to make a huge splash within the evolving market for home robotics. Hence, this move is important for the company in its quest to redefine home automation.

Further iterations of Astro will be available with advanced features and a much more user-friendly interface as Amazon innovates in the field of household robotics. Winding down Astro for Business clearly outlines their commitment to home-centric technologies.

Amazon has announced that it would axe its security robot Astro for Business to focus only on in-home robots. Astro was initially launched in 2021 for homes and in November for small and medium-sized businesses.

Amazon has announced that it would axe its security robot Astro for Business to focus only on in-home robots. Astro was initially launched in 2021 for homes and in November for small and medium-sized businesses. The business edition was focused on supporting industries such as retail, manufacturing, and health and wellness. "To accelerate our progress and ongoing research to make Astro the best in-home robot, we've made the decision to wind down support for Astro for Business," an Amazon spokesperson stated. Astro, for home purposes, performs functions such as monitoring the home, setting routines or reminders, and moving about the house playing music and TV shows. Priced at $2,349.99, it had a business version available only in the United States to help customers monitor their business round the clock. Astro for Business robots will not be operational from September 25, as the discontinuation of Astro for Business takes effect. Also, Amazon is offering a $300 credit to affected customers for a replacement solution for their workplace needs. The company will no longer charge for the subscription to Astro Secure and will offer refunds for any unused, pre-paid fees starting Wednesday. The move underscores Amazon's commitment to refining Astro's capabilities for household use and its promise for advancement in home automation. The business-to-household robotics shift is a strategic step taken by Amazon toward enhancing in-home experiences for its customers. With resources and research now focused on the domestic version of Astro, Amazon puts itself in a position to make a huge splash within the evolving market for home robotics. Hence, this move is important for the company in its quest to redefine home automation. Further iterations of Astro will be available with advanced features and a much more user-friendly interface as Amazon innovates in the field of household robotics. Winding down Astro for Business clearly outlines their commitment to home-centric technologies.

Amazon discontinues Astro for Business to focus on household robots

Amazon is going against the conventional process of carbon offset validation that may create differentiated markets with higher risks regarding quality.

The company additionally launched its own standard known as Abacus, which was developed jointly with a carbon registry named Verra to avoid the use of a system created by the Integrity Council for the Voluntary Carbon Market (ICVCM).

Interestingly, Jeff Bezos, the founder and the executive chair of Amazon supports ICVCM through his Earth Fund.

According to Amazon, Abacus is inherently a loftier standard that guarantees that the carbon offset projects provide the intended and substantiated effect.

These offsets are thus planned to be used by the company to offer net-zero emissions by the year 2040.

Nonetheless, some analysts such as Pedro Martins Barata, the co-chair of ICVCM’s group of experts, believe that this action threatens to confuse the market where various companies are likely to develop their own standards.

Barata wants to see Abacus get integrated into the system that ICVCM uses to bring the format they both use into parity.

Thus, the overall, primary voluntary carbon offset market is still not very vast, and there are doubts about some of the projects claiming that they reduce emissions.

Amazon, therefore, plans to do this amid this fact while some experts have hailed the measures of Abacus as increased transparency, they have further queried its permanence assurance.

The environmental lobby also brought out their concerns. Carbon Market Watch’s Gilles Dufrasne details that firms might view purchasing offsets as an opportunity to neglect actual efforts at emission reduction.

Verra is optimistic that the label is soon going to be out; probably in several weeks. Despite this, some people view Abacus as an advantage that will lead to the market’s development.

Eron Bloomgarden, the founder of a non-profit organisation for forest conservation funding, Emergent, opines that, besides Abacus and other tools that have been developed, there are sizable problems that cannot be solved without international recognition.

(With inputs from Reuters)

Amazon is going against the conventional process of carbon offset validation that may create differentiated markets with higher risks regarding quality. The company additionally launched its own standard known as Abacus, which was developed jointly with a carbon registry named Verra to avoid the use of a system created by the Integrity Council for the Voluntary Carbon Market (ICVCM).

Amazon is going against the conventional process of carbon offset validation that may create differentiated markets with higher risks regarding quality. The company additionally launched its own standard known as Abacus, which was developed jointly with a carbon registry named Verra to avoid the use of a system created by the Integrity Council for the Voluntary Carbon Market (ICVCM). Interestingly, Jeff Bezos, the founder and the executive chair of Amazon supports ICVCM through his Earth Fund. According to Amazon, Abacus is inherently a loftier standard that guarantees that the carbon offset projects provide the intended and substantiated effect. These offsets are thus planned to be used by the company to offer net-zero emissions by the year 2040. Nonetheless, some analysts such as Pedro Martins Barata, the co-chair of ICVCM’s group of experts, believe that this action threatens to confuse the market where various companies are likely to develop their own standards. Barata wants to see Abacus get integrated into the system that ICVCM uses to bring the format they both use into parity. Thus, the overall, primary voluntary carbon offset market is still not very vast, and there are doubts about some of the projects claiming that they reduce emissions. Amazon, therefore, plans to do this amid this fact while some experts have hailed the measures of Abacus as increased transparency, they have further queried its permanence assurance. The environmental lobby also brought out their concerns. Carbon Market Watch’s Gilles Dufrasne details that firms might view purchasing offsets as an opportunity to neglect actual efforts at emission reduction. Verra is optimistic that the label is soon going to be out; probably in several weeks. Despite this, some people view Abacus as an advantage that will lead to the market’s development. Eron Bloomgarden, the founder of a non-profit organisation for forest conservation funding, Emergent, opines that, besides Abacus and other tools that have been developed, there are sizable problems that cannot be solved without international recognition. (With inputs from Reuters)

Amazon develops new carbon offset standard, raising concerns about market confusion

Satellite data has revealed that, the Brazilian Amazon recorded 13,489 wildfires in the first half of this year, the worst in 20 years. The number was up more than 61 percent compared to the same period last year, an increase that experts say is the result of a historic drought that struck the world's largest tropical rainforest last year...

Brazil witnesses worst 6 months of wildfire

Amazon has crossed a historic threshold. The e-commerce giant's market capitalization surpassed 2 trillion dollars for the first time on Wednesday. This achievement places amazon among an elite group of companies, joining apple, Microsoft, alphabet, and Nvidia in the 2 trillion dollar club.

Amazon market cap surpasses $2 trillion for first time

US equities eked out a small gain Wednesday, as Amazon (AMZN) steered a rise in the technology sector that pushed its market capitalization beyond $2 trillion for the first time ever. By doing so, Amazon became the fifth US company to hit such a valuation. 
&nbsp; 
The S&amp;P 500 advanced 0.2 per cent, while the Dow Jones Industrial Average rose 0.04 per cent. The Nasdaq Composite surged about 0.5 per cent to lead the gainers. 
&nbsp; 
Treasury yields regained some of their losses from a three-month low, with the 10-year Treasury yield rising some 8 basis points to 4.31 per cent. 
&nbsp; 
The recent market volatility has some investors doubting whether this stock drag is just temporary or symptomatic of a larger downturn. How much Nvidia contributed to the broader market had added to those concerns. 
&nbsp; 
Wednesday saw gains in the technology sector, mainly led by Amazon, whose stock soared nearly 4 per cent to enable the company to break above a $2 trillion market valuation. This goes on to prove the massive extent to which Amazon has had an influence on the high-tech industry. 
&nbsp; 
In other market movements in light of the keenly watched economic data, investors are remaining watchful ahead for the crucial Personal Consumption Expenditures inflation report to be posted this Friday. Fed officials have sought to take a cautious tack on potential interest-rate cuts, looking to remain data-dependent in their decisions. 
&nbsp; 
Elsewhere, shares of Rivian surged over 23 percent on news of a deal with Volkswagen. That partnership could bring as much as $5 billion into Rivian's coffers, shoring up the electric vehicle maker's finances. 
&nbsp; 
FedEx also had a big stock move, surging over 15 per cent following news its 2025 profit forecast topped Wall Street estimates. That gave investor sentiment a serious boost. 
&nbsp; 
Also in focus was Chipotle, whose 50-for-1 stock split became official on Wednesday, meaning the Mexico-based fast food company has executed the largest stock split ever on the NYSE. 
&nbsp; 
The market is digesting all these stories, and investors are always on watch for clues in both data reads on the economy and corporate announcements that may signal what's to come next.

US equities eked out a small gain Wednesday, as Amazon (AMZN) steered a rise in the technology sector that pushed its market capitalization beyond $2 trillion for the first time ever.

US equities eked out a small gain Wednesday, as Amazon (AMZN) steered a rise in the technology sector that pushed its market capitalization beyond $2 trillion for the first time ever. By doing so, Amazon became the fifth US company to hit such a valuation. The S&P 500 advanced 0.2 per cent, while the Dow Jones Industrial Average rose 0.04 per cent. The Nasdaq Composite surged about 0.5 per cent to lead the gainers. Treasury yields regained some of their losses from a three-month low, with the 10-year Treasury yield rising some 8 basis points to 4.31 per cent. The recent market volatility has some investors doubting whether this stock drag is just temporary or symptomatic of a larger downturn. How much Nvidia contributed to the broader market had added to those concerns. Wednesday saw gains in the technology sector, mainly led by Amazon, whose stock soared nearly 4 per cent to enable the company to break above a $2 trillion market valuation. This goes on to prove the massive extent to which Amazon has had an influence on the high-tech industry. In other market movements in light of the keenly watched economic data, investors are remaining watchful ahead for the crucial Personal Consumption Expenditures inflation report to be posted this Friday. Fed officials have sought to take a cautious tack on potential interest-rate cuts, looking to remain data-dependent in their decisions. Elsewhere, shares of Rivian surged over 23 percent on news of a deal with Volkswagen. That partnership could bring as much as $5 billion into Rivian's coffers, shoring up the electric vehicle maker's finances. FedEx also had a big stock move, surging over 15 per cent following news its 2025 profit forecast topped Wall Street estimates. That gave investor sentiment a serious boost. Also in focus was Chipotle, whose 50-for-1 stock split became official on Wednesday, meaning the Mexico-based fast food company has executed the largest stock split ever on the NYSE. The market is digesting all these stories, and investors are always on watch for clues in both data reads on the economy and corporate announcements that may signal what's to come next.

US stocks edge higher as Amazon crosses $2 trillion market cap

Amazon became the fifth US company to hit $2 trillion in market value on Wednesday. This comes as investors flock to the stock on optimism around artificial intelligence and potential interest rate cuts. The stock rose 3.1 per cent to $192.1.

Amazon joins the league of tech heavyweights such as Microsoft, Nvidia, Alphabet, and Apple.

Earlier, Nvidia's shares saw a 5 per cent increase following a three-day decline that reduced the company's market worth by $430 billion. They had lost about 13 per cent since their peak on July 18 as a result of the decline. The drop followed a rally that accelerated after a 10-for-1 stock split. The drop also prompted speculations about a potential 'bubble' that could burst sooner or later.

The value of Nvidia's stock, which briefly surpassed Apple as the most valuable company in the world last week, has increased by 152 per cent so far this year and accounts for almost 30 per cent of the S&amp;P 500's return for the year. The index is up 14.6 per cent so far this year.

Big tech rally is reflective of the surging AI demand, that has investors locked in a buying spree. Still, some remain sceptical of a possible 'bubble' that could burst sooner or later.

Amazon became the fifth US company to hit $2 trillion in market value on Wednesday. This comes as investors flock to the stock on optimism around artificial intelligence and potential interest rate cuts.

Amazon became the fifth US company to hit $2 trillion in market value on Wednesday. This comes as investors flock to the stock on optimism around artificial intelligence and potential interest rate cuts. The stock rose 3.1 per cent to $192.1. Amazon joins the league of tech heavyweights such as Microsoft, Nvidia, Alphabet, and Apple. Earlier, Nvidia's shares saw a 5 per cent increase following a three-day decline that reduced the company's market worth by $430 billion. They had lost about 13 per cent since their peak on July 18 as a result of the decline. The drop followed a rally that accelerated after a 10-for-1 stock split. The drop also prompted speculations about a potential 'bubble' that could burst sooner or later. The value of Nvidia's stock, which briefly surpassed Apple as the most valuable company in the world last week, has increased by 152 per cent so far this year and accounts for almost 30 per cent of the S&P 500's return for the year. The index is up 14.6 per cent so far this year. Big tech rally is reflective of the surging AI demand, that has investors locked in a buying spree. Still, some remain sceptical of a possible 'bubble' that could burst sooner or later.

Amazon hits $2 trillion in valuation

Sources familiar with amazon’s plans say the company is giving its Alexa voice assistant an AI boost and could charge some users for the upgrade. It plans to offer two conversational generative AI versions of the money-losing product, one of which could cost $5 a month.

Amazon's big bet on AI

In yet another case of Amazon delivery gone bad, a Bengaluru woman discovered a snake inside her Amazon parcel. On June 16, the woman ordered a Microbox Xbox controller from Amazon India. The delivery arrived on June 18. When the woman opened the box, she was horrified to see a snake inside.

Woman orders Xbox controller, finds a snake instead

In a shocking incident, a Bengaluru couple found a live venomous snake in the Amazon package they ordered online. The customer shared a video showing the&nbsp;cobra trying to come out of the taped package they received on Sunday.

The techie couple ordered an Xbox controller two days earlier but found a live snake in their package that was handed over to them by the delivery person at their home on Sarjapur Road. Fortunately, the snake could not come out of the box, kept in a red bucket, as it was stuck to the duct tape with the Amazon Prime logo on it.

Also read |&nbsp;<a href="https://www.wionews.com/india-news/video-maharashtra-woman-falls-in-gorge-while-reversing-car-for-shooting-reel-dies-732824">Video: Maharashtra woman falls in gorge while reversing car for shooting reel, dies</a>

The incident was filmed by the couple and shared on Twitter to which Amazon responded, "We're sorry to know about the inconvenience you've had with the Amazon order. We'd like to have this checked. Please share the required details, and our team will get back to you soon with an update."

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<blockquote class="twitter-tweet">
Ordered an Xbox controller, got a cobra! 
 
Bengaluru couple receives 'venomous surprise' in their Amazon order 
. 
. 
. 
.<a href="https://twitter.com/hashtag/ViralVideo?src=hash&amp;ref_src=twsrc%5Etfw">#ViralVideo</a> <a href="https://twitter.com/hashtag/Amazon?src=hash&amp;ref_src=twsrc%5Etfw">#Amazon</a> <a href="https://twitter.com/hashtag/Bengaluru?src=hash&amp;ref_src=twsrc%5Etfw">#Bengaluru</a> <a href="https://t.co/1FsmIkFU2J">pic.twitter.com/1FsmIkFU2J</a>
— WION (@WIONews) <a href="https://twitter.com/WIONews/status/1803290574675435823?ref_src=twsrc%5Etfw">June 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

The couple said they had received a refund but they are still dissatisfied and question Amazon's negligence during the warehousing and transportation of the package as they worry for their safety after this incident.&nbsp;

As the video went viral, many Twitter users expressed&nbsp;shock. One user commented, "How did the package transported so far so long no one noticed..." while another said, it is "Enough reason to delete @amazonIN app". Another&nbsp;joked, "Living to the name Amazon is delivering now from Amazon rainforest."

Also read |&nbsp;<a href="https://www.wionews.com/trending/boy-from-tamil-nadu-invents-device-to-protect-wild-animals-from-accidents-near-railway-tracks-732827">Boy from Tamil Nadu invents device to protect wild animals from accidents near railway tracks</a>

The snake was released to a safe location away from the public, but the customer remains disappointed due to&nbsp;the lack of safety supervision on Amazon's part.

(With inputs from agencies)

In a shocking incident, a Bengaluru couple found a live venomous snake in the Amazon package they ordered online. The customer shared a video showing the cobra trying to come out of the taped package they received on Sunday.

In a shocking incident, a Bengaluru couple found a live venomous snake in the Amazon package they ordered online. The customer shared a video showing the cobra trying to come out of the taped package they received on Sunday. The techie couple ordered an Xbox controller two days earlier but found a live snake in their package that was handed over to them by the delivery person at their home on Sarjapur Road. Fortunately, the snake could not come out of the box, kept in a red bucket, as it was stuck to the duct tape with the Amazon Prime logo on it. Also read | Video: Maharashtra woman falls in gorge while reversing car for shooting reel, dies The incident was filmed by the couple and shared on Twitter to which Amazon responded, "We're sorry to know about the inconvenience you've had with the Amazon order. We'd like to have this checked. Please share the required details, and our team will get back to you soon with an update." Ordered an Xbox controller, got a cobra! Bengaluru couple receives 'venomous surprise' in their Amazon order . . . .#ViralVideo #Amazon #Bengaluru pic.twitter.com/1FsmIkFU2J — WION (@WIONews) June 19, 2024 × The couple said they had received a refund but they are still dissatisfied and question Amazon's negligence during the warehousing and transportation of the package as they worry for their safety after this incident. As the video went viral, many Twitter users expressed shock. One user commented, "How did the package transported so far so long no one noticed..." while another said, it is "Enough reason to delete @amazonIN app". Another joked, "Living to the name Amazon is delivering now from Amazon rainforest." Also read | Boy from Tamil Nadu invents device to protect wild animals from accidents near railway tracks The snake was released to a safe location away from the public, but the customer remains disappointed due to the lack of safety supervision on Amazon's part. (With inputs from agencies)

Bengaluru couple finds live cobra in Xbox package from Amazon

Amazon is set to invest $10.75 billion amid booming demand for its products in Europe's biggest economy. This brings Amazon's planned investments in Germany to over $19 billion.

Most of the investment will be spent by 2026 to expand its computing unit, Amazon Web Service (AWS). This aligns with a broader trend of companies focusing on expanding their AI-related services.

German Chancellor Olaf Scholz welcomed the investment, which is said to create more than 4000 jobs this year. Germany is currently dealing with an economic downturn triggered by high energy costs and interest rates. The country is also facing significant economic threats owing to EU-China trade tensions. Major industries have voiced concerns over potential losses if tensions escalate. At this time, such an investment is a good breather for Germany.

Regarding Amazon's partnerships in Europe, Just Eat Takeaway, Europe's biggest food delivery firm, has struck a deal with Amazon over free delivery of food orders for Amazon Prime members in Germany, Austria and Spain. Amazon struck a similar agreement with Just Eat's US business - GrubHub.

Amazon is set to invest $10.75 billion amid booming demand for its products in Europe's biggest economy. This brings Amazon's planned investments in Germany to over $19 billion.

Amazon is set to invest $10.75 billion amid booming demand for its products in Europe's biggest economy. This brings Amazon's planned investments in Germany to over $19 billion. Most of the investment will be spent by 2026 to expand its computing unit, Amazon Web Service (AWS). This aligns with a broader trend of companies focusing on expanding their AI-related services. German Chancellor Olaf Scholz welcomed the investment, which is said to create more than 4000 jobs this year. Germany is currently dealing with an economic downturn triggered by high energy costs and interest rates. The country is also facing significant economic threats owing to EU-China trade tensions. Major industries have voiced concerns over potential losses if tensions escalate. At this time, such an investment is a good breather for Germany. Regarding Amazon's partnerships in Europe, Just Eat Takeaway, Europe's biggest food delivery firm, has struck a deal with Amazon over free delivery of food orders for Amazon Prime members in Germany, Austria and Spain. Amazon struck a similar agreement with Just Eat's US business - GrubHub.

Amazon invests billions in Germany to expand cloud services and boost jobs

Brazilian President Lula De Silva has urged his government to speed up actions to combat organised crimes in the Amazon. The world's largest tropical has faced systematic destruction from illegal logging and gold mining as the rainforest is being used as a conduit for drug trafficking.

Brazilian President demands faster action against crimes in Amazon

Major technology companies are increasing their focus on artificial intelligence (AI) as they seek to boost growth in a difficult economic climate typified by geopolitical uncertainty and unpredictable market conditions. Google, Microsoft, and Amazon are increasing their expenditures in AI, citing its transformative potential to improve efficiency and creativity.<o:p></o:p>

<h2 class="MsoNormal">Investments surge in AI capabilities<o:p></o:p></h2>

According to a recent analysis by market research firm IDC, global investment in&nbsp;AI systems is predicted to increase to $300 billion by 2024, from $200 billion in 2023. This spike is being driven by the increasing usage of AI in a variety of industries, including healthcare, banking, and retail. Tech giants are leading the push, with major AI research and development investments.<o:p></o:p>

Alphabet Inc., Google's parent firm, has announced a $20 billion investment in AI-related initiatives over the next two years. This includes improving Google Cloud AI capabilities and incorporating advanced AI features into its array of products, including Google Workspace and Google Search.<o:p></o:p>

"AI is not just an area of expertise for us; it's a core driver of our business strategy," said Alphabet CEO Sundar Pichai during the company's most recent earnings call.<o:p></o:p>

<h2 class="MsoNormal">AI as a catalyst for innovation<o:p></o:p></h2>

Microsoft is also boosting its AI efforts, particularly through its cloud platform, Azure. The business announced plans to invest $18 billion in AI research, with a focus on strengthening Azure's machine learning capabilities and developing new AI-powered products for enterprise clients.<o:p></o:p>

Satya Nadella, CEO of Microsoft, underlined the importance of AI in promoting company resilience and innovation. "AI is at the heart of digital transformation, enabling companies to do more with less, innovate faster, and better serve their customers," stated Nadella.<o:p></o:p>

Amazon Web Services (AWS) is also competing in the AI race, with plans to invest $15 billion to improve its AI capabilities. AWS's AI and machine learning technologies are already critical in fields ranging from driverless vehicles to personalized customer experiences.<o:p></o:p>

<h2 class="MsoNormal">Economic challenges and strategic shifts<o:p></o:p></h2>

These industry giants are making an aggressive push toward AI as they navigate an uncertain economic landscape. Global economic challenges include continued geopolitical conflicts, inflationary pressures, and supply chain disruptions.<o:p></o:p>

According to the International Monetary Fund (IMF), global growth is expected to decline to 2.9% in 2024, down from 3.2% in 2023. These economic concerns are leading businesses to investigate artificial intelligence to improve operational efficiencies and generate new income.<o:p></o:p>

<h2 class="MsoNormal">Balancing innovation with ethical considerations<o:p></o:p></h2>

While AI presents numerous opportunities, it also raises ethical and regulatory concerns. Data privacy, algorithmic biases,&nbsp;and employment displacement are all becoming increasingly contentious issues. These concerns are recognized by technology corporations, and they are actively attempting to overcome them.<o:p></o:p>

Google has committed to putting in place strong ethical principles for AI development that prioritise fairness, openness, and responsibility. Similarly, Microsoft and Amazon have created AI ethics committees to oversee their AI programs and guarantee they follow responsible AI principles.<o:p></o:p>

<h2 class="MsoNormal">Outlook<o:p></o:p></h2>

Experts believe that AI integration will continue to change the competitive landscape in technology and beyond. As businesses attempt to realise AI's full potential, a delicate mix of innovation, ethical considerations, and regulatory compliance will be required.<o:p></o:p>

"AI is set to be the most significant technical advancement of our time. Companies that effectively negotiate the ethical and operational difficulties will lead the next wave of digital transformation,” according to Gartner analyst John Smith.<o:p></o:p>

Google, Microsoft, and Amazon's continued expenditures demonstrate the strategic importance of AI in today's economic environment. As these tech giants use AI to drive development and innovation, they must also navigate the complicated ethical and regulatory landscape that surrounds this powerful technology.<o:p></o:p>

Major technology companies are increasing their focus on artificial intelligence (AI) as they seek to boost growth in a difficult economic climate typified by geopolitical uncertainty and unpredictable market conditions.

Major technology companies are increasing their focus on artificial intelligence (AI) as they seek to boost growth in a difficult economic climate typified by geopolitical uncertainty and unpredictable market conditions. Google, Microsoft, and Amazon are increasing their expenditures in AI, citing its transformative potential to improve efficiency and creativity. Investments surge in AI capabilities According to a recent analysis by market research firm IDC, global investment in AI systems is predicted to increase to $300 billion by 2024, from $200 billion in 2023. This spike is being driven by the increasing usage of AI in a variety of industries, including healthcare, banking, and retail. Tech giants are leading the push, with major AI research and development investments. Alphabet Inc., Google's parent firm, has announced a $20 billion investment in AI-related initiatives over the next two years. This includes improving Google Cloud AI capabilities and incorporating advanced AI features into its array of products, including Google Workspace and Google Search. "AI is not just an area of expertise for us; it's a core driver of our business strategy," said Alphabet CEO Sundar Pichai during the company's most recent earnings call. AI as a catalyst for innovation Microsoft is also boosting its AI efforts, particularly through its cloud platform, Azure. The business announced plans to invest $18 billion in AI research, with a focus on strengthening Azure's machine learning capabilities and developing new AI-powered products for enterprise clients. Satya Nadella, CEO of Microsoft, underlined the importance of AI in promoting company resilience and innovation. "AI is at the heart of digital transformation, enabling companies to do more with less, innovate faster, and better serve their customers," stated Nadella. Amazon Web Services (AWS) is also competing in the AI race, with plans to invest $15 billion to improve its AI capabilities. AWS's AI and machine learning technologies are already critical in fields ranging from driverless vehicles to personalized customer experiences. Economic challenges and strategic shifts These industry giants are making an aggressive push toward AI as they navigate an uncertain economic landscape. Global economic challenges include continued geopolitical conflicts, inflationary pressures, and supply chain disruptions. According to the International Monetary Fund (IMF), global growth is expected to decline to 2.9% in 2024, down from 3.2% in 2023. These economic concerns are leading businesses to investigate artificial intelligence to improve operational efficiencies and generate new income. Balancing innovation with ethical considerations While AI presents numerous opportunities, it also raises ethical and regulatory concerns. Data privacy, algorithmic biases, and employment displacement are all becoming increasingly contentious issues. These concerns are recognized by technology corporations, and they are actively attempting to overcome them. Google has committed to putting in place strong ethical principles for AI development that prioritise fairness, openness, and responsibility. Similarly, Microsoft and Amazon have created AI ethics committees to oversee their AI programs and guarantee they follow responsible AI principles. Outlook Experts believe that AI integration will continue to change the competitive landscape in technology and beyond. As businesses attempt to realise AI's full potential, a delicate mix of innovation, ethical considerations, and regulatory compliance will be required. "AI is set to be the most significant technical advancement of our time. Companies that effectively negotiate the ethical and operational difficulties will lead the next wave of digital transformation,” according to Gartner analyst John Smith. Google, Microsoft, and Amazon's continued expenditures demonstrate the strategic importance of AI in today's economic environment. As these tech giants use AI to drive development and innovation, they must also navigate the complicated ethical and regulatory landscape that surrounds this powerful technology.

Global tech giants eye AI-powered growth despite economic turmoil

Amazon has significantly disrupted Netflix’s advertising plans by converting its entire Prime Video subscriber base to an ad-supported version. This shift is providing customers the option to return to ad-free streaming for an additional $2.99 a month. This move has introduced a substantial amount of ad inventory into the market, impacting negotiations for ad placements across various platforms, including Netflix, YouTube, and traditional TV networks. &nbsp;

The introduction of Amazon Prime Video’s ad-supported tier has driven down ad prices across the board. Netflix, once charging $39 to $45 per 1,000 viewers, has had to reduce its rates to around $29 to $35 to stay competitive. This adjustment aligns more closely with Prime Video’s pricing, which is also under pressure from advertisers seeking even lower costs. &nbsp;

To maintain its competitive edge, Netflix has not only lowered its ad prices but also embraced new advertising strategies. One such approach is product placement within its shows, allowing advertisers to integrate their products and services directly into the content. An example of this is the upcoming drama series about bull riding featuring Tim McGraw, which will include such integrations. Additionally, Netflix is offering larger sponsorship deals for live events and in-person experiences tied to its programming, aiming to attract more premium ad dollars.&nbsp;

Prime Video’s ad-supported tier boasts an impressive reach of 115 million monthly viewers in the U.S., providing Amazon with a vast amount of ad inventory. In contrast, Netflix’s ad-supported tier reaches 40 million global monthly active users, a significant increase from the 23 million reported in January. Despite these numbers, Netflix’s programming is often more popular and generates more buzz, making it an attractive option for advertisers.&nbsp;

Amazon’s entry into the connected TV (CTV) advertising market has been described as a significant disruption. With premium content, live sports, and immense scale, Amazon offers advertisers the ability to target ads effectively and track whether viewers purchase the advertised products on the platform. This capability, combined with its large reach, positions Amazon as a formidable competitor in the ad market.&nbsp;

The ongoing upfront negotiations, where advertisers commit billions of dollars for commercial time for the upcoming TV season, are influenced by Amazon’s aggressive pricing strategy. Ad-holding companies, which manage large ad budgets, are currently vying for Amazon’s ad-buying account, often promising significant ad time commitments to win the contract. This situation is likely to further pressure ad prices downward.&nbsp;

Despite the current price competition, the CTV advertising market is expected to continue the growth momentum. eMarketer predicts that CTV spending will reach $30 billion this year, with an annual growth rate exceeding 20 per cent in the coming years. This growth indicates that there remains substantial revenue potential in this sector, even as individual ad rates fluctuate.

Amazon has significantly disrupted Netflix’s advertising plans by converting its entire Prime Video subscriber base to an ad-supported version. This shift is providing customers the option to return to ad-free streaming for an additional $2.

Amazon has significantly disrupted Netflix’s advertising plans by converting its entire Prime Video subscriber base to an ad-supported version. This shift is providing customers the option to return to ad-free streaming for an additional $2.99 a month. This move has introduced a substantial amount of ad inventory into the market, impacting negotiations for ad placements across various platforms, including Netflix, YouTube, and traditional TV networks. The introduction of Amazon Prime Video’s ad-supported tier has driven down ad prices across the board. Netflix, once charging $39 to $45 per 1,000 viewers, has had to reduce its rates to around $29 to $35 to stay competitive. This adjustment aligns more closely with Prime Video’s pricing, which is also under pressure from advertisers seeking even lower costs. To maintain its competitive edge, Netflix has not only lowered its ad prices but also embraced new advertising strategies. One such approach is product placement within its shows, allowing advertisers to integrate their products and services directly into the content. An example of this is the upcoming drama series about bull riding featuring Tim McGraw, which will include such integrations. Additionally, Netflix is offering larger sponsorship deals for live events and in-person experiences tied to its programming, aiming to attract more premium ad dollars. Prime Video’s ad-supported tier boasts an impressive reach of 115 million monthly viewers in the U.S., providing Amazon with a vast amount of ad inventory. In contrast, Netflix’s ad-supported tier reaches 40 million global monthly active users, a significant increase from the 23 million reported in January. Despite these numbers, Netflix’s programming is often more popular and generates more buzz, making it an attractive option for advertisers. Amazon’s entry into the connected TV (CTV) advertising market has been described as a significant disruption. With premium content, live sports, and immense scale, Amazon offers advertisers the ability to target ads effectively and track whether viewers purchase the advertised products on the platform. This capability, combined with its large reach, positions Amazon as a formidable competitor in the ad market. The ongoing upfront negotiations, where advertisers commit billions of dollars for commercial time for the upcoming TV season, are influenced by Amazon’s aggressive pricing strategy. Ad-holding companies, which manage large ad budgets, are currently vying for Amazon’s ad-buying account, often promising significant ad time commitments to win the contract. This situation is likely to further pressure ad prices downward. Despite the current price competition, the CTV advertising market is expected to continue the growth momentum. eMarketer predicts that CTV spending will reach $30 billion this year, with an annual growth rate exceeding 20 per cent in the coming years. This growth indicates that there remains substantial revenue potential in this sector, even as individual ad rates fluctuate.

Amazon's ad-supported prime video disrupts streaming ad market and challenges Netflix

Humanoid robots are creating quite a buzz in the tech space. A Chinese company is developing unbelievably lifelike robots capable of mimicking human emotions. Watch this story for more details.

Robots becoming more human than ever | Gravitas

<h2 class="MsoNormal">Major networks compete for coveted NBA broadcast rights<o:p></o:p></h2>

The National Basketball Association (NBA) is nearing a historic broadcast rights agreement with Comcast-owned NBC, Disney's ESPN, and Amazon.com. The deal, which may produce $76 billion in revenue over 11 years, emphasises the importance of live sports content in an era of diminishing traditional television viewing.<o:p></o:p>

<h2 class="MsoNormal">NBC's return to NBA coverage<o:p></o:p></h2>

Under the proposed agreement, NBC would pay an average of $2.5 billion yearly to broadcast around 100 NBA games each season. Notably, around half of these games would be exclusive to Comcast's Peacock streaming service, signalling NBC's significant return to NBA coverage after a long absence. This decision is consistent with NBC's strategy of expanding its streaming capabilities in response to the continuous trend away from traditional cable TV.<o:p></o:p>

<h2 class="MsoNormal">Amazon's expansion into sports broadcasting<o:p></o:p></h2>

Amazon.com is also planning a significant investment in NBA content, with an annual package worth $1.8 billion. This package would contain regular-season and postseason games, as well as a portion of the conference finals that would be distributed among the network partners. This expansion reflects Amazon's rising ambition in the live sports domain, as it seeks to draw in more Prime Video members.<o:p></o:p>

<h2 class="MsoNormal">Disney's enhanced role with increased payments<o:p></o:p></h2>

Disney's payments through its ESPN network will increase dramatically under the new agreement, from $1.5 billion to an average of $2.6 billion each year. Despite paying more, ESPN will receive fewer games than under the existing contract but will retain exclusive rights to broadcast the NBA Finals. The agreement also allows ESPN to air games on its future direct-to-consumer streaming service, which is expected to start in 2025 and includes WNBA telecast rights.<o:p></o:p>

<h2 class="MsoNormal">Warner Bros Discovery left out of the initial agreement<o:p></o:p></h2>

Warner Bros Discovery, whose Turner Sports network has been broadcasting NBA games for nearly four decades, is noticeably absent from the first conditions. Analysts believe Warner Bros Discovery's large debt may limit its ability to secure a new NBA package. However, the Wall Street Journal reports that the corporation may still match a competing offer or that the NBA may construct a new package specifically for them, but these options appear limited at this time.<o:p></o:p>

<h2 class="MsoNormal">Industry responses and future implications<o:p></o:p></h2>

ESPN and Comcast have declined to comment on the allegations, while other stakeholders, including the NBA, have yet to reply to demands for comment. If completed, the purchase has the potential to change the sports broadcasting market, showing the lasting attractiveness of live sports content in attracting devoted consumers notwithstanding the rise of streaming services and cord-cutting tendencies.<o:p></o:p>

This proposed transaction highlights the fierce battle among major media organisations for premium sports rights, which remain a vital driver of audience engagement and subscription growth in an increasingly fragmented media landscape.<o:p></o:p>

(With inputs from Agencies)<o:p></o:p>

Major networks compete for coveted NBA broadcast rights The National Basketball Association (NBA) is nearing a historic broadcast rights agreement with Comcast-owned NBC, Disney's ESPN, and Amazon.

Major networks compete for coveted NBA broadcast rights The National Basketball Association (NBA) is nearing a historic broadcast rights agreement with Comcast-owned NBC, Disney's ESPN, and Amazon.com. The deal, which may produce $76 billion in revenue over 11 years, emphasises the importance of live sports content in an era of diminishing traditional television viewing. NBC's return to NBA coverage Under the proposed agreement, NBC would pay an average of $2.5 billion yearly to broadcast around 100 NBA games each season. Notably, around half of these games would be exclusive to Comcast's Peacock streaming service, signalling NBC's significant return to NBA coverage after a long absence. This decision is consistent with NBC's strategy of expanding its streaming capabilities in response to the continuous trend away from traditional cable TV. Amazon's expansion into sports broadcasting Amazon.com is also planning a significant investment in NBA content, with an annual package worth $1.8 billion. This package would contain regular-season and postseason games, as well as a portion of the conference finals that would be distributed among the network partners. This expansion reflects Amazon's rising ambition in the live sports domain, as it seeks to draw in more Prime Video members. Disney's enhanced role with increased payments Disney's payments through its ESPN network will increase dramatically under the new agreement, from $1.5 billion to an average of $2.6 billion each year. Despite paying more, ESPN will receive fewer games than under the existing contract but will retain exclusive rights to broadcast the NBA Finals. The agreement also allows ESPN to air games on its future direct-to-consumer streaming service, which is expected to start in 2025 and includes WNBA telecast rights. Warner Bros Discovery left out of the initial agreement Warner Bros Discovery, whose Turner Sports network has been broadcasting NBA games for nearly four decades, is noticeably absent from the first conditions. Analysts believe Warner Bros Discovery's large debt may limit its ability to secure a new NBA package. However, the Wall Street Journal reports that the corporation may still match a competing offer or that the NBA may construct a new package specifically for them, but these options appear limited at this time. Industry responses and future implications ESPN and Comcast have declined to comment on the allegations, while other stakeholders, including the NBA, have yet to reply to demands for comment. If completed, the purchase has the potential to change the sports broadcasting market, showing the lasting attractiveness of live sports content in attracting devoted consumers notwithstanding the rise of streaming services and cord-cutting tendencies. This proposed transaction highlights the fierce battle among major media organisations for premium sports rights, which remain a vital driver of audience engagement and subscription growth in an increasingly fragmented media landscape. (With inputs from Agencies)

NBA nears historic $76 billion media rights deal

Amazon's robotaxi unit Zoox has announced plans to begin testing its autonomous vehicles in Austin, Texas, and Miami, Florida. This move marks the company's first expansion of its trial sites beyond the western United States.

New testing grounds

Zoox will deploy a fleet of retrofitted Toyota Highlanders, each equipped with human safety drivers, in small areas near the business and entertainment districts of Austin and Miami. The company aims to gather valuable data from these diverse urban environments to enhance its autonomous driving technology.

Currently, Zoox tests its self-designed autonomous vehicles in California and Nevada. These vehicles, built without steering wheels and pedals, can accommodate four passengers, with two facing each other. The expansion to Austin and Miami will bring the total number of Zoox's public testing locations to five, including San Francisco, Las Vegas, and Seattle.

Also read:&nbsp;<a href="https://www.wionews.com/autonews/norwegian-pension-fund-klp-to-support-labour-negotiations-at-tesla-agm-728812">Norwegian pension fund KLP to support labour negotiations at Tesla AGM</a>

Regulatory challenges and safety concerns

The announcement comes amid an ongoing investigation by the National Highway Traffic Safety Administration (NHTSA) into 500 Zoox vehicles equipped with automated driving systems following two crashes. The scrutiny from NHTSA highlights the regulatory challenges and safety concerns facing autonomous vehicle companies as they seek to expand their operations.

Zoox has stated that it will not offer public rides in Austin and Miami at this stage. Instead, the company plans to use these locations to refine its technology and explore potential cities for future commercial offerings. The initial launch is targeted at Las Vegas and San Francisco, with additional cities under consideration for expansion.

Industry context

Zoox is not alone in facing regulatory hurdles. Other self-driving robotaxi companies, such as General Motors' Cruise and Alphabet's Waymo, are also under investigation by the NHTSA due to incidents involving their autonomous vehicles. Cruise, for example, recently resumed operations in Dallas, Texas, with a small fleet of human-driven vehicles after pausing due to an incident in San Francisco last October.

The competitive landscape of autonomous driving technology is evolving rapidly, with various companies striving to achieve regulatory approval and public trust. Zoox's expansion into new markets indicates a strategic effort to diversify its testing environments and gather comprehensive data to improve safety and performance.

Technological innovations

Zoox's vehicles are unique in their design, lacking traditional controls such as steering wheels and pedals. This design aims to maximise passenger comfort and safety while showcasing the potential of fully autonomous transportation. The retrofitted Toyota Highlanders used in the new testing locations will feature human safety drivers to ensure immediate intervention if necessary.

In addition to the innovative vehicle design, Zoox employs advanced sensors and algorithms to navigate complex urban environments. The data collected from testing in Austin and Miami will be critical in refining these technologies and preparing for broader commercial deployment.

Strategic expansion

The decision to expand testing to Austin and Miami reflects Zoox's strategic approach to entering new markets. Both cities are known for their vibrant business and entertainment districts, providing a diverse set of challenges and opportunities for autonomous vehicle testing. By selecting these locations, Zoox aims to better understand the specific requirements and potential obstacles of operating in different urban settings.

This expansion also signals Zoox's commitment to advancing autonomous driving technology and achieving widespread adoption. The insights gained from these new testing sites will inform future developments and help the company navigate the regulatory landscape more effectively.

Future prospects

Zoox's expansion into Austin and Miami represents a significant step in the company's journey toward commercialisation. While public rides are not yet available in these cities, the ongoing testing and data collection will lay the groundwork for future offerings. Zoox's long-term goal is to provide safe, reliable, and efficient autonomous transportation solutions that can be deployed in cities across the United States and beyond.

The broader industry context, marked by regulatory scrutiny and technological advancements, underscores the challenges and opportunities facing companies like Zoox. As autonomous driving technology continues to evolve, the lessons learned from these new testing sites will be crucial in shaping the future of urban mobility.

Zoox's move to expand its testing to Austin and Miami is a strategic effort to enhance its autonomous vehicle technology and prepare for future commercial deployment. The company's commitment to safety, innovation, and regulatory compliance will be key factors in its success as it navigates the complexities of the autonomous vehicle industry.

(Inputs from Reuters)

Amazon's robotaxi unit Zoox has announced plans to begin testing its autonomous vehicles in Austin, Texas, and Miami, Florida. This move marks the company's first expansion of its trial sites beyond the western United States.

Amazon's robotaxi unit Zoox has announced plans to begin testing its autonomous vehicles in Austin, Texas, and Miami, Florida. This move marks the company's first expansion of its trial sites beyond the western United States. New testing grounds Zoox will deploy a fleet of retrofitted Toyota Highlanders, each equipped with human safety drivers, in small areas near the business and entertainment districts of Austin and Miami. The company aims to gather valuable data from these diverse urban environments to enhance its autonomous driving technology. Currently, Zoox tests its self-designed autonomous vehicles in California and Nevada. These vehicles, built without steering wheels and pedals, can accommodate four passengers, with two facing each other. The expansion to Austin and Miami will bring the total number of Zoox's public testing locations to five, including San Francisco, Las Vegas, and Seattle. Also read: Norwegian pension fund KLP to support labour negotiations at Tesla AGM Regulatory challenges and safety concerns The announcement comes amid an ongoing investigation by the National Highway Traffic Safety Administration (NHTSA) into 500 Zoox vehicles equipped with automated driving systems following two crashes. The scrutiny from NHTSA highlights the regulatory challenges and safety concerns facing autonomous vehicle companies as they seek to expand their operations. Zoox has stated that it will not offer public rides in Austin and Miami at this stage. Instead, the company plans to use these locations to refine its technology and explore potential cities for future commercial offerings. The initial launch is targeted at Las Vegas and San Francisco, with additional cities under consideration for expansion. Industry context Zoox is not alone in facing regulatory hurdles. Other self-driving robotaxi companies, such as General Motors' Cruise and Alphabet's Waymo, are also under investigation by the NHTSA due to incidents involving their autonomous vehicles. Cruise, for example, recently resumed operations in Dallas, Texas, with a small fleet of human-driven vehicles after pausing due to an incident in San Francisco last October. The competitive landscape of autonomous driving technology is evolving rapidly, with various companies striving to achieve regulatory approval and public trust. Zoox's expansion into new markets indicates a strategic effort to diversify its testing environments and gather comprehensive data to improve safety and performance. Technological innovations Zoox's vehicles are unique in their design, lacking traditional controls such as steering wheels and pedals. This design aims to maximise passenger comfort and safety while showcasing the potential of fully autonomous transportation. The retrofitted Toyota Highlanders used in the new testing locations will feature human safety drivers to ensure immediate intervention if necessary. In addition to the innovative vehicle design, Zoox employs advanced sensors and algorithms to navigate complex urban environments. The data collected from testing in Austin and Miami will be critical in refining these technologies and preparing for broader commercial deployment. Strategic expansion The decision to expand testing to Austin and Miami reflects Zoox's strategic approach to entering new markets. Both cities are known for their vibrant business and entertainment districts, providing a diverse set of challenges and opportunities for autonomous vehicle testing. By selecting these locations, Zoox aims to better understand the specific requirements and potential obstacles of operating in different urban settings. This expansion also signals Zoox's commitment to advancing autonomous driving technology and achieving widespread adoption. The insights gained from these new testing sites will inform future developments and help the company navigate the regulatory landscape more effectively. Future prospects Zoox's expansion into Austin and Miami represents a significant step in the company's journey toward commercialisation. While public rides are not yet available in these cities, the ongoing testing and data collection will lay the groundwork for future offerings. Zoox's long-term goal is to provide safe, reliable, and efficient autonomous transportation solutions that can be deployed in cities across the United States and beyond. The broader industry context, marked by regulatory scrutiny and technological advancements, underscores the challenges and opportunities facing companies like Zoox. As autonomous driving technology continues to evolve, the lessons learned from these new testing sites will be crucial in shaping the future of urban mobility. Zoox's move to expand its testing to Austin and Miami is a strategic effort to enhance its autonomous vehicle technology and prepare for future commercial deployment. The company's commitment to safety, innovation, and regulatory compliance will be key factors in its success as it navigates the complexities of the autonomous vehicle industry. (Inputs from Reuters)

Amazon’s Zoox to expand robotaxi testing to Austin and Miami

Let's get you a flavor what's happening in the world of technology: Researchers at Cambridge University have unveiled a new controllable extra thumb to enhance productivity. Top EU court backs Amazon, Google, Airbnb in dispute over Italian law. Watch to know more!

Robotic 'third thumb' promises to enhance productivity

amazon

Amazon, News on Amazon, stories on Amazon, articles on Amazon, Amazon stories at Wion, Amazon news, Amazon latest news