Amazon’s stock price has been on a tear over the last year, gaining 46%. A Barclays equity research team led by Ross Sandler thinks that the party may just be getting started, initiating coverage of the stock with $1120 price target, or 29% upside. In a flurry of notes released from their Internet & Media desk on March 29, […]
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Tech behemoths Google, Facebook, Microsoft, IBM and Amazon announced this week that they are teaming up to develop new standards for Artificial Intelligence (AI). It’s a much-needed move. Soon AI will change everything from warfare to our bodies. But we don’t want to become slaves to the robots, so how do we stop the Terminators?
Imagine you’re trying to find your car in a crowded parking lot. Rather than let frustration take hold, you simply say “locate car” and a tiny drone perched on your shoulder flies off and guides you to it. Amazon has been awarded a patent for a voice-activated personal assistant drone that would do just that, […]
After conquering e-commerce, Jeff Bezos is working to take over the physical world, too. Everything old is new again. Nearly one year after announcing plans to open its first brick-and-mortar bookstore, Amazon, having conquered e-commerce, is now planning to establish a beachhead in another corner of the physical world: convenience and grocery stores. The Wall Street Journal reports that […]