Amazon on Friday announced it has agreed to acquire the vacuum cleaner maker iRobot for approximately $1.7 billion, scooping up another company to add to its collection of smart home appliances amid broader concerns about its market power. The move is part of Amazon's bid to own part of the home space through services and accelerate its growth beyond retail, said Neil Saunders, managing director at GlobalData Retail. A slew of home-cleaning robots adds to the company's tech arsenal, making it more involved in consumer's lives beyond static things like voice control. Amazon's Astro robot, which helps with tasks like setting an alarm, was unveiled last year at an introductory price of $1,000. But its rollout has been limited and has received a lackluster response.

Amazon on Friday announced it has agreed to acquire the vacuum cleaner maker iRobot for approximately $1.7 billion, scooping up another company to add to its collection of smart home appliances amid broader concerns about its market power. The move is part of Amazon's bid to own part of the home space through services and accelerate its growth beyond retail, said Neil Saunders, managing director at GlobalData Retail. A slew of home-cleaning robots adds to the company's tech arsenal, making it more involved in consumer's lives beyond static things like voice control. Amazon's Astro robot, which helps with tasks like setting an alarm, was unveiled last year at an introductory price of $1,000. But its rollout has been limited and has received a lackluster response.

Amazon announced it has agreed to acquire the vacuum cleaner maker iRobot for approximately $1.7bn, scooping up another company to add to its collection of smart home appliances amid broader concerns about its market power. The acquisition, announced on Friday, is part of Amazon's bid to own part of the home space through services and accelerate its growth beyond retail, said Neil Saunders, managing director at GlobalData Retail. The appliance would join the voice assistant Alexa, the Astro robot and Ring security cameras and others in the list of smart home features offered by the Seattle-based e-commerce and tech giant. So far, Amazon has not had much success with household robots. The company's Astro robot, which helps with tasks like setting an alarm, was unveiled last year at an introductory price of $1,000.

An iRobot Terra lawn mower is shown in Bedford, Mass., on Jan. 16, 2019. Amazon on Friday announced an agreement to acquire iRobot for approximately $1.7 billion. An iRobot Terra lawn mower is shown in Bedford, Mass., on Jan. 16, 2019. Amazon on Friday announced an agreement to acquire iRobot for approximately $1.7 billion. NEW YORK -- Amazon on Friday announced it has agreed to acquire the vacuum cleaner maker iRobot for approximately $1.7 billion, scooping up another company to add to its collection of smart home appliances amid broader concerns about its market power.

Nintendo reported an operating profit of 101.7 billion yen ($764 million), falling short of analyst expectations by about 13.5 billion yen ($101.4 million.) Nintendo Switch sales declined from 4.45 million units in the same period last year to 3.43 million now; software sales also dropped to 41.4 million units compared with 45.3 million last year. The company attributed its console sales woes to supply chain issues and predicted it would catch up with production over the summer. Nintendo still anticipated it would sell a total of 21 million console units in the financial year ending next April.

A new study from Accenture says just 12% of firms have figured out how to deploy AI to "achieve superior growth and business transformation." In other words, there's quite a bit of work yet to be done when it comes to AI success. The correlation between AI use and business achievement is still positive. As far back as 2019, Accenture noted that top AI achievers see 50% better revenue growth than their peers who are not AI experts. No one is calling for an AI rethink, yet progress seems to be coming painfully slowly in the real-world branch of the AI discussion.

The chief executive of Tinder has left the dating app after less than a year after the market value of its parent company plunged by more than a fifth following reporting disappointing results. The departure of Renate Nyborg was one of a number of management changes announced by the $20bn Match Group, which owns dating brands including Hinge, Tinder and Match.com. Its share price plunged by more than 20% on Tuesday after missing Wall Street second-quarter expectations and issuing weaker-than-expected guidance. "Today we are announcing the departure of Tinder chief executive Renate Nyborg, and I have made some changes to the management team and structure that I am confident will help deliver Tinder's full potential," said Bernard Kim, the chief executive of Match Group, in a letter to shareholders. "We have not been able to realise the monetisation successes that we typically deliver. Tinder's current revenue growth expectations for the second half of the year are below our original expectations as a result of disappointing execution on several optimisations and new product initiatives."

World-renowned semiconductor producer Nvidia is widely regarded as a pioneering force behind artificial intelligence (AI), and it remains a leader in the field today. But AI is a rapidly growing industry with plenty of room for other contributors, and in fact, some experts predict the majority of companies will be using AI by 2030, adding $13 trillion in value to the global economy. Therefore, while Nvidia is a $413 billion giant today, three Motley Fool contributors think C3ai (AI -0.70%), Riskified (RSKD 0.69%), and CrowdStrike (CRWD 0.83%) are artificial intelligence powerhouses of the future. Anthony Di Pizio (C3ai): One thing the artificial intelligence industry is missing is accessibility. Typically, only large technology companies with the financial resources and the ability to attract talented developers have been able to use AI in a meaningful capacity.

Pagaya Technologies (NASDAQ:PGY) recently completed its business combination with EJF Acquisition Corp. and became a public company with a valuation of around $8 billion. The company has yet to report any formal earnings but I will talk about why I like its prospect in this article. Pagaya is an Israeli company founded in 2016 by the current CEO Gal Krubiner. It is a fintech company that is revolutionizing how financial companies approve and recruit consumers by utilizing AI (artificial intelligence). It enables accurate, real-time consumer credit evaluation through the use of robust AI-driven credit and analytical technology.

– The investment will allow Syapse to expand its artificial intelligence and machine learning capabilities, making it more efficient to uncover …