Amazon's Phone-Charging Robot Will Spare You The Indignity Of Talking To Strangers
Amazon is having a rough week. The e-commerce powerhouse has celebrated a string of victories this year. Its stock price broke above $1,000 for the first time; it is presiding over an unprecedented retrenchment within the retail space as more than 8,000 brick-and-mortar stores are expected to close in the US this year, and the company announced plans to acquire yuppie favorite Whole Foods Market, promising to transform the company's stores into laboratories for automation and AI where advanced sensors will perform tasks previously reserved for human cashiers. It also revealed that its "Prime Day" sale was the "Biggest Global Shopping Event in Amazon History", surpassing Black Friday and Cyber Monday sales. But the string of good news came to an abrupt halt last week when Reuters reported that the top Democrat on the House antitrust subcommittee, David Civilline, has voiced concerns about Amazon's $13.7 billion plan to buy Whole Foods Market and requested in a letter to the House Judiciary Committee a hearing to examine the deal's potential impact on consumers – the first stirrings of what could metastasize into an anti-trust probe.
Jul-22-2017, 00:10:09 GMT
- Country:
- North America > United States (1.00)
- Genre:
- Press Release (0.78)
- Industry:
- Consumer Products & Services (1.00)
- Government > Regional Government
- Retail > Online (0.57)
- Technology:
- Information Technology > Artificial Intelligence > Robots (1.00)