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Jio Satellite only one with 1 Gbps connectivity; Sunil Mittal’s OneWeb should not underestimate us: Reliance Jio top exec

Bharti Group-backed OneWeb vs Jio’s satellite services: A senior executive from Reliance Jio has cautioned that OneWeb, backed by the Bharti Group, should not underestimate the competition posed by Jio’s satellite services. Jio has already established a gateway and demonstrated a 1 Gbps broadband connectivity, a feat that might not be easily matched by competitors … Read more

Amazon Is Building a Publisher-Focused Adtech Tool to Compete With Google

Amazon is hiring for a new publisher-focused advertising team called “PubTech.” It is building a tech platform that could compete with Google, Magnite, and Pubmatic. The tech will help publishers sell ads on Amazon, according to job postings. Amazon is staffing up to build new ad products for publishers. The retail giant has 11 job … Read more

Temu Is Baiting Amazon With 90% Prime Day Discounts

Temu may have better deals than Amazon during Prime Day. Amazon excludes Temu from its price-comparison algorithm, Reuters reported. Consumer user data indicates that Temu could be a serious threat to Amazon’s mobile app traffic. Prime Day shoppers may find lower prices on Temu. Amazon, for its part, isn’t even trying to compete on prices … Read more

Amazon Is Testing an AI-Generated Product Review Feature

E-commerce giant Amazon has started testing the use of AI to summarize product reviews. Amazon seems to be doing a limited rollout of the feature that is appearing only in some listings. Such product review summaries could be useful in guiding customers toward newer reviews, per an Amazon marketing agency CTO. AI has truly … Read more

The Stock Market’s Strong 2023 Performance Comes Down to 5 Names

One thing that pops up no matter where you look is the Pareto distribution. It’s a probability model that’s also been dubbed the 80-20 rule, and it illustrates how a tiny number of causes are responsible for the lion’s share of effects. For example, it’s like how the top 20% of sales people produce 80% … Read more

Meta, Amazon, Microsoft, Alphabet Exits Will Cost up to $4.7 Billion

Meta, Amazon, Microsoft and Alphabet’s severance packages will cost up to $4.7 billion. The tech giants have collectively laid off tens of thousands of workers over the past few months. Google parent company Alphabet will have the highest severance cost, at a maximum of $2.3 billion. Big tech firms are accruing billions in costs from … Read more

Layoffs at Google, Microsoft, Salesforce Teaching Tech Employees a Harsh Lesson

Dehumanizing. Gut-wrenching. Slap in the face. Betrayed. Tech workers are using all sorts of emotional phrases to describe the layoff wave that has gripped the industry and become the talk of the business world. “I’m shocked and hurt and still processing,” Katie Olaskiewicz, a former human-truths strategist at Google, wrote on LinkedIn last week shortly … Read more

Google, Microsoft, Oracle, Amazon Awarded $9 Bln Worth Pentagon Cloud Deal

The Pentagon announced that up to $9 billion worth of cloud-computing contracts were awarded to Google, Oracle, Amazon, and Microsoft. In a statement, the U.S. Department of Defense said, “The purpose of this contract is to provide the Department of Defense with enterprise-wide, globally available cloud services across all security domains and classification levels, from … Read more

Mukesh Ambani’s takeover of Future could be a B-School case study

Future Retail had been subleasing store space from the tycoon’s Reliance Industries Ltd. Indeed, it was kept operating only on Ambani’s forbearance because Future couldn’t come up with the rent. But with Amazon.com continuing to block Reliance’s $3.4 billion purchase of Future’s assets, Ambani decided to make the acquisition a fait accompli: He terminated the leases and is taking … Read more