Tag: #amazon

CSM Technologies Achieves ISO/IEC Certification, Formalises AI Governance Framework Across GovTech Portfolio

The independent certification covers CSM's AI, machine learning and generative AI solutions, and comes as clients and regulators worldwide push for stronger AI oversight CSM Technologies Limited, a Bhubaneswar-headquartered GovTech and enterprise IT solutions company, has been certified to ISO/IEC 42001:2023, the world's first international standard for Artificial Intelligence Management Systems (AIMS). The certification follows an independent audit and covers the company's end-to-end technology services....

Can UPI Become the Native Payment Interface for Billions of AI Agents?

By Vijeth Shivappa As AI agents begin searching, negotiating and purchasing on behalf of people and enterprises, the strategic question is no longer whether machines will transact—but how human authority, payment execution and accountability will be connected. Artificial intelligence is rapidly moving beyond answering questions and generating content. The next phase of AI will involve autonomous agents that search for products, negotiate with service providers, book...
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Amazon, Walmart Face Regulatory Heat in India

India’s expanding e-commerce market has attracted some of the world’s biggest digital retailers, but that growth has come with increasing legal and regulatory challenges....

Cloud Division Layoffs Hit ‘Specialists’ at Amazon

Amazon has laid off several hundred employees within its Amazon Web Services (AWS) division as part of an internal restructuring effort. The job cuts,...

Andy Jassy: AI to Reshape Workforce Structure

Amazon CEO Andy Jassy has told employees that generative AI will reshape the company’s workforce, potentially reducing the number of corporate roles over the...

Amazon Cuts 100 Jobs in Devices Division

Amazon has laid off approximately 100 employees in its devices and services division, the team responsible for innovations such as the Kindle, Echo smart...

Amazon to Cut 14,000 Managerial Jobs by 2025

Amazon is set to eliminate 14,000 managerial positions by early 2025 as part of an aggressive cost-cutting strategy aimed at saving between $2.1 billion...

Quantum Leap: Amazon Introduces Ocelot Chip

Amazon has introduced Ocelot, its first in-house quantum computing chip, marking a significant step in the company’s efforts to develop highly efficient quantum hardware....

DoNER, Amazon Partner to Boost Bamboo Products

The Ministry of Development of North Eastern Region (DoNER) is collaborating with Amazon and two other companies to promote Bamboo products in both domestic...

Amazon’s $230 Million Commitment to Generative AI Startups

Amazon has announced a significant commitment of up to $230 million to support startups developing generative AI-powered applications. This investment, with $80 million allocated...