Tag: AMAZON
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A New Frontier: Europe’s Leap into Sovereign Satellite Internet
The European Commission plans to launch a broadband satellite constellation named IRIS², consisting of 290 satellites at a cost of over 10 billion euros. This initiative aims to ensure Europe’s digital sovereignty and independence from foreign satellite networks. The funding will be shared between European governments and private industries, with a significant focus on providing…
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Europe on Edge as US Election Looms: The Future of Big Tech Regulation Hangs in Balance
Europe faces pivotal consequences as it anticipates the upcoming U.S. election, assessing how either a Trump or Harris administration might influence the continent’s battle against Big Tech regulation. The Biden administration’s confrontational stance provided a much-needed ally in this regard, but with the political landscape shifting, uncertainties cloud the future of collaborative efforts aimed at…
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Global Markets Overview: U.S. Declines Amid Earnings Reports; Asia Feels the Pressure While Europe Gains
On October 31, U.S. markets dipped amid concerns over rising AI-related costs affecting major tech stocks. Despite positive earnings from Amazon and Apple, the overall sentiment was negative, leading to declines across major indexes. In Asia, Japan and Australia saw significant losses, while Europe showed mild gains. Crude oil prices rose over 2% due to…
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Data Centers: Powering the Clean Energy Revolution in the US and Europe
Data centers are driving a shift towards renewable energy with US facilities accounting for 50% of corporate clean energy procurement, while Europe lags at about 20%. By the end of Q3 2024, US data centers are set to secure over 50 GW of clean energy, mostly from solar and wind. The report highlights significant clean…
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Introducing Rufus: Amazon’s Revolutionary AI Shopping Assistant
Amazon has launched Rufus, a generative AI-powered shopping assistant now in beta across Europe. This innovative tool enhances the shopping experience by facilitating product discovery, answering questions, and providing tailored recommendations right within the Amazon app. Customers can explore shopping categories, make comparisons, and receive personalized advice, making their online shopping journeys easier and more…