Amazon CEO Jeff Bezos was worth $129.9 billion on 15 February 2020, Forbes estimates. Consequently, Bezos is the world’s richest manRead more
A true nightmare for dollar stores would be caught in the squeeze between Automated Walmart and Amazon Go. Dollar stores are already caught in the increasingly brutal crossfire between Amazon.com and Walmart.com.
The No-Man’s land between Automated Walmart and Amazon Go would be far worse. A true nightmare for dollar stores would be both retailers using their automated stores as neighborhood fulfillment centers for same-day delivery.Read more
The biggest of those partners is Amazon’s (NASDAQ: AMZN) artificial intelligence (AI) division. This is apparently the machine learning arm of Amazon Web Services (AWS) which aims to put machine learning in the hands of every data scientist and developer. That sounds a great deal like Aitheon’s plans to allow anybody to offer AI to everybody through its blockchain platform.Read more
An intriguing possibility is that automated stores might be more competitive because they will offer a higher level of customer service. By freeing the cashiers up to help customers, many grocery stores might be able to offer a Nordstrom (NYSE: JWN) level of customer service at Walmart price. That will be the real game changer.
If history is anything to go by, Amazon Go is likely to be superseded by semi-automated stores. Nor is Amazon necessarily the company to take automated stores mainstream.Read more
The goal at Sharpe is to fix one of the biggest shortcomings in AI-based investing. AIs are very good at technical or fundamentals analysis; but are unable to judge market sentiment which is based upon human emotions and beliefs.
Sharpe Capital hopes to correct that by teaching AI how to spot patterns of behavior and sentiment in the market, a whitepaper indicates.Read more
It looks as if the Amazon-owned Whole Foods is going to become more like a traditional supermarket. The big question we have to ask is will that be winning strategy for either brand?Read more
Etsy has proved it is incapable of making money and demonstrated that online companies can fall into a familiar retail trap.
The trap is the old one of ever-increasing sales that generate no real money. Dozens of retailers; ranging from Whole Foods to Rite Aid to Overstock.com, have fallen into over the years. The only way a company can profit from this trap is to sell itself to a larger retailer or private equity organization in search of market share or other resources.Read more
The question we need to ask is: “what companies will Amazon acquire next?” Some probable candidates for Amazon acquisition include:Read more
The incredible momentum has made Amazon America’s dominant retailer. It is setting the trends for the industry and effectively dictating some aspects of business practice such as prices and return policy to brick and mortar competitors.Read more
Amazon’s revenue growth for 2016 now exceeds the total revenues for Alibaba (NYSE: BABA); which reported $21.48 billion in revenue on December 31, 2016. The revenue Amazon added in 2016 is also larger than all of Macy’s (NYSE: M) revenues; which were $26.31 billion on October 31, 2016.Read more