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Amazon's most powerful new Alexa features being powered by Anthropic's AI, sources say
CNBC· 2025-02-28 19:46
The logo of Amazon's Alexa+ is displayed on a screen during an Amazon Devices launch event in New York City, U.S., February 26, 2025.Amazon, the leading investor in artificial intelligence startup Anthropic, is relying on that company's AI models to power the most advanced capabilities in new Alexa devices, according to two people familiar with the matter.Anthropic's Claude large language model is handling the vast majority of questions that customers have been asking the new Alexa, according to the people, ...
Amazon: In-House Chips Could Be The New Ace In The Hole
Seeking Alpha· 2025-02-28 19:30
Amazon.com Inc (NASDAQ: AMZN ), like many other big tech companies, seems to be busy trying to figure out how to reduce its dependence on Nvidia ( NVDA ). So it makes sense thatMy primary area of concentration will be on identifying companies of exceptional caliber, with a proven ability to reinvest capital for impressive returns. Targeting those with a market capitalization of less than $10 billion, affords ample opportunities for growth. The ideal scenario is for these companies to demonstrate a long-term ...
2 Super Growth Stocks to Buy With $5,000 Right Now
The Motley Fool· 2025-02-28 08:25
Investing your money in the right growth stocks can help you earn superior returns to the market averages. The safest way to proceed is to focus on industry-leading companies that still have a long runway of growth ahead.If you have an extra $5,000 you don't need for living expenses or reducing debt, Amazon (AMZN -2.62%) and MercadoLibre (MELI -3.09%) are promising growth stocks to bet on right now. Here's why they are poised for above-average returns.1. AmazonAmazon has delivered extraordinary returns over ...
Pearson and AWS Announce Collaboration to Unlock AI-Powered Personalized Learning for Millions of People Globally
Prnewswire· 2025-02-28 07:15
Collaboration will enhance learning for millions of people through cloud and AI tools that personalize education and offer real-time insights Pearson to expand its use of AWS cloud infrastructure and AI capabilities with Amazon Bedrock to further optimize and scale its learning products and services, especially in higher education Amazon and AWS to extend collaboration with Pearson VUE to scale cloud training and credentialing to help organizations boost productivity and innovate faster LONDON, Feb. 28, 20 ...
Amazon joins the quantum computing race, announcing new 'Ocelot' chip
Business Insider· 2025-02-28 03:05
Core Insights - Amazon Web Services (AWS) has introduced its prototype quantum chip, named Ocelot, which aims to address the challenges of error susceptibility in quantum computing [1][2] - The Ocelot chip represents a significant advancement in error correction and scalability, potentially increasing efficiency in quantum error correction by up to 90% compared to traditional methods [2][8] - The chip utilizes cat qubit technology, which reduces certain types of errors and simplifies the quantum error correction process necessary for developing a fully functional quantum computer [6][7] Error Correction and Scalability - The Ocelot chip demonstrates a potential efficiency improvement in error correction by a factor of five to ten times, although a substantial reduction in error rates is still required [3][15] - Researchers agree that advancements in error reduction and scalability are crucial for the commercial viability of quantum computers [8][12] Industry Context - The quantum computing sector is experiencing rapid advancements, with recent developments from competitors like Microsoft and Google, indicating a competitive landscape [9][10][11] - Amazon's Ocelot chip is considered a more conventional superconducting chip, similar to those developed by Google and IBM, but with a focus on improving conventional error correction methods [12][13] - The industry is optimistic about the potential for quantum technology to become commercially viable sooner than previously anticipated, despite ongoing challenges [14][15]
Amazon's Goodreads builds community but breeds division. Rival StoryGraph is playing it safe—and gaining ground
Techxplore· 2025-02-27 16:30
Core Insights - The article discusses the evolution of reading from a private activity to a communal one, highlighting the rise of platforms like Goodreads and The StoryGraph as key players in this space [1][2]. Company Overview - Goodreads, owned by Amazon since 2013, has around 150 million users and serves as a platform for users to track and share their reading experiences through ratings and reviews [2][3]. - The StoryGraph, launched in 2019 by Nadia Odunayo, is positioned as a competitor to Goodreads, boasting a user base of 3.8 million and emphasizing a more user-friendly, Amazon-free experience [3][13]. User Experience and Features - Goodreads allows users to build profiles that reflect their reading preferences and fosters a sense of community around reading [5][6]. - The StoryGraph offers advanced visual design and detailed statistics on users' reading habits, including genre, length, and ratings, which enhances user engagement [9][10]. - The StoryGraph integrates AI for personalized book recommendations, analyzing users' reading histories to suggest titles [10]. Market Dynamics - Political sentiments against Amazon have contributed to users abandoning Goodreads, although this is not the sole reason for the platform's decline [4][15]. - The StoryGraph's growth has been fueled by positive reviews and its appeal as a non-Amazon alternative, particularly in light of Goodreads' perceived stagnation and issues with user interaction [9][11]. Challenges and Controversies - Goodreads has faced criticism for its handling of toxic behavior, including review bombing and harassment, which has led to a negative user experience [16][23]. - The platform's focus on social features has resulted in coordinated campaigns against authors and books, impacting the integrity of reviews [12][22]. - The StoryGraph's limited social features may be a strategic choice to avoid similar issues, focusing instead on data tracking rather than community interaction [25].
2 Unstoppable Stocks to Buy With $500 Right Now
The Motley Fool· 2025-02-27 09:40
Group 1: Amazon - Amazon is a leading e-commerce retailer with a market cap of $2.3 trillion and significant growth potential in the global e-commerce market [3][5] - The company has over 200 million Prime subscribers, providing recurring revenue and encouraging repeat sales [4] - Amazon's online store generated $247 billion in revenue last year, representing a small percentage of the $6 trillion global e-commerce market, indicating room for growth [5] - Operating income nearly doubled last year due to improved inventory efficiency and cost reductions, with further growth expected from non-retail services like cloud computing and digital advertising [6] - Amazon generated $116 billion in cash from operations last year, with the stock trading at 20 times this figure, suggesting solid value for investors [7] Group 2: Alphabet (Google) - Alphabet, with a market cap of $2.2 trillion, owns valuable internet properties like Google and YouTube, each with over 2 billion regular users [8] - The company leverages artificial intelligence to enhance its products, with $52 billion in capital expenditures last year focused on data centers and AI infrastructure, resulting in a 35% return on capital employed [9] - Revenue from all Google services grew 12% to $305 billion last year, driven by advertising and subscriptions [10] - Google Cloud experienced 31% year-over-year growth in revenue, becoming a significant profit contributor with operating income tripling to $6.1 billion in 2024 [11] - Alphabet's free cash flow reached $72 billion last year, providing resources to maintain its technology leadership for decades [12] - The stock trades at 31 times trailing free cash flow and 20 times expected earnings for 2025, indicating potential for great returns [13]
Amazon Just Became A Strong Buy Again
Seeking Alpha· 2025-02-26 21:44
The last time I discussed Amazon.com, Inc. (NASDAQ: AMZN ), the stock was still below $200, and I said to get ready for a breakout. Since then, Amazon swiftly climbed by more than 20% to an ATH of around $245.Are You Getting The Returns You Want? Invest alongside the Financial Prophet's All-Weather Portfolio (2024 69% return) and achieve optimal results in any market.The Daily Prophet Report provides crucial information before the opening bell rings each morning.Implement my Covered Call Dividend Plan and e ...
Amazon finally unveils new Alexa with AI overhaul: ‘Knows almost every instrument in your life'
New York Post· 2025-02-26 16:38
Core Insights - Amazon has introduced a significant overhaul of its Alexa voice assistant, integrating generative artificial intelligence to enhance its capabilities [1][6] - The new service, named Alexa+, aims to improve user interaction by allowing for more conversational exchanges and the ability to handle multiple prompts [9][11] - The launch of Alexa+ is part of Amazon's broader strategy to drive sales on its e-commerce platform and capitalize on the existing 500 million Alexa-capable devices in the market [10][12] Product Features - Alexa+ is available for free to Amazon Prime members and priced at $19.99 per month for non-Prime users, with a gradual rollout starting in March [4][11] - The service can store user preferences and perform tasks such as making dinner reservations and sending reminders [4][5] - Alexa+ can connect with Amazon products like Ring doorbells and review documents for users, enhancing its utility in smart home management [5][8] Competitive Landscape - The introduction of Alexa+ comes in response to competition from Apple and Google, both of which have integrated advanced AI features into their voice assistants [7][8] - Amazon's Alexa, while initially popular, has seen a decline in consumer usage due to a lack of significant updates over the years [7][8] Financial Implications - Amazon has invested billions into Alexa since its launch in 2014, viewing the service as a key driver for e-commerce sales [10][12] - The success of Alexa+ presents both a substantial revenue opportunity and a financial risk if it fails to meet user expectations [12]
Amazon unveils long-awaited Alexa revamped with AI features
CNBC· 2025-02-26 15:31
Core Insights - Amazon is considering implementing a subscription fee for Alexa to offset high AI development costs and enhance profitability [1][4] - The competitive landscape has shifted with the emergence of advanced AI systems like ChatGPT, prompting Amazon to revamp Alexa with generative AI technology [3][9] - Alexa has not met the transformative expectations set by its founder, Jeff Bezos, as most users engage in simple tasks rather than complex interactions [7][8] Group 1: Subscription Model - A subscription fee could help Amazon monetize Alexa, which has historically been unprofitable [1][8] - The company must demonstrate the new capabilities of Alexa to justify a subscription model, similar to offerings from OpenAI and Anthropic [5][4] - Transitioning even a small portion of Alexa's large user base to a paid model could generate significant revenue [5] Group 2: Competitive Landscape - The release of ChatGPT has intensified pressure on Amazon to enhance Alexa's functionality and competitiveness [3][9] - Analysts suggest that the focus may shift from comparing AI companies to comparing specific products like Alexa and ChatGPT [2] Group 3: Historical Context and Challenges - Launched in 2014, Alexa has sold over 500 million devices globally but has not transformed user behavior as anticipated [6][7] - Amazon has incurred substantial losses in its devices business, amounting to tens of billions of dollars [9][10] - The company has undergone significant layoffs in its devices and services unit, reflecting scrutiny over unprofitable projects [10]