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Amazon Pharmacy medical chief Gupta is latest health exec to leave company
CNBC· 2025-03-26 20:41
Vin Gupta, Chief Medical Officer at Amazon Pharmacy, speaks during Amazon's "Delivering the Future" event at the company's BFI1 Fulfillment Center, Robotics Research and Development Hub in Sumner, Washington on October 18, 2023.Amazon has lost the chief medical officer of its pharmacy division after five years at the company.Dr. Vin Gupta, who most recently served as the medical chief of Amazon Pharmacy, joined Amazon in 2020 as the company was in the early stages of a multi-year effort to build out a healt ...
Amazon Launches an AI Shopping Assistant That Knows What You Like
CNET· 2025-03-26 15:36
Amazon is the latest tech company to unveil a new generative AI tool intended to personalize your online experience.In a blog post on Wednesday, Amazon announced a new feature called Interests to help shoppers discover products in its store that match their hobbies and preferences. The company said the AI, for instance, might suggest new football apparel to an NFL fan, golf equipment to an avid golfer or photography gear to someone who loves to take pictures.The tool, which continuously works in the backgro ...
Amazon testing AI-powered shopping assistant Interests AI
Proactiveinvestors NA· 2025-03-26 13:50
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
1 Surprising Artificial Intelligence (AI) Stock Warren Buffett Owns That Investors Should Buy on the Dip
The Motley Fool· 2025-03-26 12:30
Warren Buffett and Berkshire Hathaway tend to avoid the cutting edge of technology when making stock purchases. Buffett and Berkshire's investing preferences tend to lean more toward proven businesses with solid cash flows. However, Berkshire does own shares in at least one artificial intelligence (AI)-related company, and given its recent stock sell-off, it looks like a solid opportunity right now.Berkshire Hathaway owns roughly 10 million shares of Amazon (AMZN 1.18%), which makes it a small 0.7% of Berks ...
Will trimming the federal workforce make a dent in government bloat?
CNBC· 2025-03-26 12:00
President Trump and Elon Musk's Office of Government Efficiency have targeted the federal workforce laying off thousands of federal employees.The president has justified those cuts as a cost savings measure and many of those fired workers have been reinstated after the terminations were challenged in court.But experts say the federal payroll is not a large source of bloat compared to the U.S. government's total spending. In fiscal year 2024 "personnel compensation and benefits" accounted for just 8.6% of go ...
Amazon Seized More Than 15 Million Counterfeit Products in 2024
PYMNTS.com· 2025-03-26 04:01
Core Insights - Amazon is leveraging artificial intelligence (AI) tools to combat counterfeit goods, achieving over 99% proactive blocking of suspected infringements before brands need to report them [1][5] - The company has reduced valid notices of infringement by 35% since 2020, despite an increase in product availability [2] - Amazon's Counterfeit Crimes Unit has taken action against over 24,000 counterfeiters since its inception in 2020, and in 2024, it seized and disposed of more than 15 million counterfeit products [3] Brand Protection Features - The use of Amazon's brand protection features has increased, with 35,000 brands utilizing Project Zero since its launch in 2019, and over 88,000 brands enrolled in the Transparency program, which has verified more than 2.5 billion product units [4] - The company has expanded its brand protection programs globally, enhancing detection systems to better identify counterfeit products [5] Legal Actions - In 2024, Amazon pursued civil litigation against entities that allegedly obtained invalid trademarks or filed fraudulent complaints to remove competitors from its platform [8]
Amazon is testing shopping, health assistants as it pushes deeper into generative AI
CNBC· 2025-03-26 02:04
Core Insights - Amazon is expanding its use of generative artificial intelligence (AI) across its e-commerce platform, testing new shopping and health-focused chatbots with select users [1][5]. Group 1: AI Integration in Retail - Amazon has launched various AI tools within its retail business, including a shopping chatbot, an AI assistant for sellers, and AI shopping guides [2]. - The new shopping tool, named Interests AI, allows users to describe their interests in conversational language, generating a curated selection of products based on their input [3][4]. - Users can input queries like "coffee brewing gadgets" or "latest pickleball accessories," and the tool provides relevant product suggestions [4]. Group 2: Health-Focused AI Initiatives - Amazon is testing a health-related chatbot called Health AI, which answers health and wellness questions and suggests products [5][6]. - Health AI provides general medical guidance and care tips, such as managing cold symptoms, but does not offer personalized medical advice [6]. - The service includes a "clinically verified" badge for information reviewed by licensed clinicians and directs users to Amazon's online pharmacy and One Medical's clinical services [7]. Group 3: Future Developments and Insights - As generative AI becomes more popular among consumers, Amazon aims to encourage the use of its services over competitors like OpenAI's ChatGPT [7]. - Insights gained from user interactions with AI assistants will inform the overhaul of Alexa, Amazon's digital assistant, which is set to be enhanced with generative AI capabilities [8]. - The new version, Alexa+, is designed to handle more complex tasks and act on behalf of users without direct involvement [8][10].
The "Magnificent Seven" Stocks Are Selling Off. Here Are My Top 5 to Buy Now.
The Motley Fool· 2025-03-26 01:34
Core Viewpoint - The "Magnificent Seven" stocks have experienced significant sell-offs in 2025, with some stocks being more attractive than others for investment opportunities [1] Group 1: Stocks to Avoid - Apple has not introduced any innovative products recently and has struggled to grow revenue meaningfully over the past three years, with projected growth rates of only 4.6% and 8% for FY 2025 and FY 2026 respectively, leading to a premium valuation compared to peers [3] - Tesla is facing brand issues linked to CEO Elon Musk's political involvement, which has caused dissatisfaction among some customers, making it a stock to avoid until the brand image is improved [4] Group 2: Attractive Stocks - The remaining five stocks—Nvidia, Microsoft, Alphabet, Meta Platforms, and Amazon—are considered intriguing at their current prices, having declined 15%-20% from their highs and trading near relative valuation lows from the past three years [5][6] - Alphabet is the cheapest among these stocks, trading at 19 times forward earnings, which is below the S&P 500's 20.5 forward P/E, with projected growth rates expected to exceed market pace [7] - Nvidia is projected to grow revenue by 57% in FY 2026 and 23% in the following fiscal year, significantly outpacing the S&P 500's average growth of 10%, with a potential path to $1 trillion in data center revenue by 2028 [8] - Microsoft and Amazon are well-positioned due to their cloud computing services, which are expected to benefit from a significant expansion in the cloud computing market, projected to grow from $752 billion in 2024 to $2.4 trillion in 2030 [9][10] - Meta is heavily investing in AI and has several promising projects in its Reality Labs division, with expected revenue growth of 15% in 2025 and 14% in 2026, making it a strong candidate for market outperformance [11] Group 3: Market Outlook - The "Magnificent Seven" stocks remain relevant, but selective investment is crucial, with the recent market sell-off providing opportunities to acquire some of these stocks at lower prices, potentially leading to market-beating returns over the next three to five years [12]
Is Amazon's Valuation 'More Attractive' Than Ever Before? Analyst Says It's Time To 'Aggressively' Buy His 'Favorite' Stock
Benzinga· 2025-03-25 17:18
Evercore ISI‘s Mark Mahaney sees upside for Amazon.com Inc AMZN from current levels, and he has a history of being right about the trajectory of the tech stock.What Happened: Tuesday on CNBC’s “Squawk Box,” Mahaney said Amazon is his top stock to own right now. “One of my favorite stocks, actually my single favorite stock right here, is Amazon,” Mahaney said.Tariffs and the impacts of the Trump administration’s ongoing trade war have weighed on big tech names and broader markets. Amazon shares are down abou ...
Amazon: Jeff Bezos' Winning Mentality Is Still Ingrained In This Behemoth
Seeking Alpha· 2025-03-25 14:00
Group 1 - The individual has a strong interest in financial markets, particularly in fundamental analysis, which evaluates actual company performance rather than stock price movements [1] - The focus is primarily on long-term investments in stocks and ETFs, with a preference for US companies, while also analyzing European and Chinese firms [1] - The banking sector is highlighted as a key area of interest, viewed as essential for understanding economic health [1] Group 2 - The individual has been engaged in learning about investments for approximately five years, transitioning from trading to a more analytical approach [1] - Macroeconomics is another area of interest, indicating a broader understanding of economic factors influencing investments [1] - The platform Seeking Alpha is utilized for sharing opinions and engaging with others in the investment community [1]