Amazon has launched its Prime membership programme in South Africa, bundling unlimited free delivery, video streaming and cloud gaming into a single subscription as the US e-commerce giant deepens its push into a market it entered just two years ago. Prime will cost R59/month or R399/year — an annual saving of R309, or 44%, over…
Robert Koen, MD of Amazon Sub-Saharan Africa. (Image supplied) Amazon South Africa and female accelerator WomHub have selected 35 women entrepreneurs from across South Africa to participate in the first edition of the Amazon Sustainable Sellers Incubator. The accelerator is a newly-introduced sustainability-focused incubator established by the two organisations, aimed at strengthening women-led manufacturing businesses….
Amazon and Anthropic have dramatically expanded their strategic partnership, moving beyond simple venture funding into a massive, decade-long infrastructure and capital commitment. In an announcement today, Amazon revealed a new $5 billion direct investment in the AI safety and research firm, accompanied by an unprecedented $20 billion in milestone-based payments. This follows two previous $4…
Amazon has announced a strategic merger with satellite communications provider Globalstar Inc. to strengthen its Leo satellite network, a direct competitor to SpaceX’s Starlink. While Globalstar may not be a household name, it is a critical infrastructure player best known for powering Apple’s emergency satellite SOS features on compatible iPhones and Apple Watches. Read: Cape…
A United Launch Alliance Atlas V rocket lifts off carrying Amazon’s two prototype relay stations for Project Kuiper, from the Cape Canaveral Space Force Station in Cape Canaveral, Florida, in 2023. Joe Skipper/Reuters Amazon is in talks to buy satellite telecommunications group Globalstar as it ramps up efforts to build its own low-Earth-orbit satellite business…
Amazon founder Jeff Bezos. Remo Casilli/Reuters In 2014, Amazon introduced its first smartphone, hoping to take on Apple and Samsung. Instead, the Fire Phone, overseen directly by founder Jeff Bezos, was scrapped in barely over a year, one of Amazon’s highest-profile flops. Now, Amazon is dialling up a new phone. The latest effort, known internally…
Andy Jassy, CEO of Amazon, speaking with CNBC at the World Economic Forum in Davos, Switzerland, Jan. 20, 2026. CNBC Amazon shares closed up more than 1% on Tuesday, snapping a nine-day slide that shaved billions off of its market cap. The stock shed roughly 18% of its value between Feb. 2 and Friday, marking…
Amazon announced a second major wave of layoffs on Wednesday, cutting 16,000 positions globally. This latest move brings the total number of corporate roles eliminated in the last three months to approximately 30,000. The restructuring is a response to pandemic-era over-hiring and a strategic shift toward the widespread adoption of artificial intelligence. Read: iCAUR charges…
Andy Jassy, CEO of Amazon, speaking with CNBC at the World Economic Forum in Davos, Switzerland on Jan. 20th, 2026. CNBC Amazon is in talks to invest up to $50 billion in OpenAI, CNBC confirmed on Thursday, in a significant vote of confidence from the e-commerce giant after it invested in one of the startup’s…
Amazon said on Wednesday it was cutting 16 000 jobs worldwide in the second major round of layoffs at the company in three months, as it restructures after pandemic-era over-hiring and expands the adoption of AI tools. Reuters reported last week that Amazon was planning a second round of job cuts as part of a…
