In an era marked by the rapid advancement of artificial intelligence (AI), the invisible hands behind the scenes, often referred to as “ghost workers,” have come into the spotlight. These are the individuals responsible for labeling data, rating responses, and performing crucial tasks that train AI algorithms.
Amazon’s Q2 Earnings Showcase Impressive Sales and Profit Surge, Fueling Stock Surge
Amazon (AMZN) has once again demonstrated its prowess in the global market as its second-quarter earnings report reveals a substantial surge in sales and profits. The e-commerce giant’s performance has not only exceeded expectations but has also sent its stock soaring in after-hours trading, adding to its remarkable year-to-date rise.
Spain Antitrust Watchdog Slaps Amazon and Apple with $218 Million Fine for Collusion and Anti-Competitive Practices
Amazon and Apple, two of the biggest names in the tech industry, have been slapped with hefty fines by Spain’s antitrust regulator. The fines, amounting to a total of €194.1 million ($218 million), were imposed due to allegations of colluding to stifle competition on the Amazon website in Spain. The regulatory body, known as CNMC, stated that the companies had signed contracts in 2018 that included anti-competitive clauses, ultimately impacting the online market for electronic devices in Spain.
FTC Takes Legal Action Against Amazon: Allegations of Deceptive Practices Surrounding Prime Subscriptions
On a mission to reign in the power of tech giants, the Federal Trade Commission (FTC) under the leadership of Chair Lina Khan has taken a bold step by filing a lawsuit against Amazon.
UK Launches Formal Probe into Amazon and Google Over Fake Reviews
Amazon and Google, two of the biggest players in the tech industry, are facing a formal probe by Britain’s competition regulator over concerns they have not done enough to tackle fake reviews.
Vietnam Requests Network Providers to Review Cooperation with 6 Cross-border Pay-TV Companies including Netflix, Apple, and Amazon
Vietnam’s Ministry of Information and Communications has officially requested that telecom companies review their cooperation with six cross-border pay-TV providers in Vietnam.
Amazon to Lay Off 9,000 More Workers Amid Cost-Cutting Efforts
Amazon’s CEO Andy Jassy has just announced in a memo to staff that Amazon is set to lay off an additional 9,000 employees in the coming weeks.
Amazon is sued by Gilimex- a Vietnamese supplier for breaching agreement
A Vietnamese supplier of warehouse storage systems has filed a $280 million lawsuit against Amazon.com Inc., claiming the e-commerce giant abruptly reduced orders leaving the manufacturer with surplus manufacturing capacity and raw materials.
Amazon officially launched a virtual clinic for common health conditions
Amazon has expanded its presence in the health care sector by officially launching a virtual clinic on November 15, . The virtual health care platform aims to treat more than 20 common health conditions, such as allergies, acne, and hair loss.
Twitter continued to cut more than 4000 jobs while Amazon planned to dismiss 10,000 workers.
In an effort to reduce losses and “ensure the company’s success moving forward,” both Twitter and Amazon made significant layoffs this week.
