Jeff Bezos news and archive

Amazon founder launches AI venture Project Prometheus, signalling potential shifts for retail and fashion

Jeff Bezos is returning to the chief executive role with a new artificial intelligence venture, Project Prometheus, a move that could reshape how technology flows into sectors including retail and fashion. According to The Times, the early-stage company has secured 6.2 billion dollars in initial funding, placing it among the world’s most...

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Jeff Bezos to step down as Amazon CEO on July 5

Jeff Bezos will step down from his long-standing role as CEO of Amazon on July 5, he said at the company’s annual shareholder meeting on Wednesday. The company first announced Bezos’ plan to leave his role at the helm of the company back in February at the same time it announced record net sales of 125.6 billion dollars in the fourth quarter - a...

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Amazon CEO Bezos to step down as Q4 sales top 100 billion dollars

Amazon has announced that Jeff Bezos will step down as CEO as the company reported yet another record-breaking quarter of sales and profits amid the pandemic. Bezos, who founded the business in 1994 out of his garage in Seattle, is handing the reins over to Andy Jassy, an Amazon veteran who has been at the retailer since 1997 and who founded and...

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Fashion

Big tech investor tells fashion industry not to trust Amazon

The pandemic ups and downs of Amazon have been well-documented. There were accusations of the ill-treatment of workers in its fulfillment centers. According to a report by the Wall Street Journal, the retailer has gathered data from sales of third party vendors to create competing products, despite its representatives having long denied engaging...

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Amazon founder Jeff Bezos launches fund to fight climate change

Amazon founder Jeff Bezos, the world’s wealthiest man, is launching a fund to fight climate change to which he will personally donate 10 billion dollars. Called the Bezos Earth Fund, Bezos announced on Instagram the resources would go to help finance scientists, NGOs and activists in the their work to help save the planet. The extravagant amount...

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Amazon's Jeff Bezos announces new climate change pledge

Amazon CEO Jeff Bezos has announced a new set of projects to help the company tackle climate change. Under a new Climate Pledge announced Thursday, the US giant aims to become net zero carbon across its businesses by 2040, ten years ahead of the Paris Accord’s goal of 2050, and is calling on other companies to do the same. To meet the ambitious...

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Jeff Bezos validates ‘richest person of the world’

New York - Amazon founder Jeff Bezos has gotten its ‘richest man in the world’ title re-assured as his personal worth increased by 24 billion to 123 billion dollars. Inditex and Fast Retailing founders have also made it to the top 30 wealthiest people worldwide. Bloomberg Billionaires Index has been just updated, gathering the 500 largest...

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Rich List: Jeff Bezos CEO of Amazon enjoys best year ever

London - It may have been a difficult year for some, but for Jeff Bezos, CEO of online giant Amazon, it was his best year yet - at least in terms of money. No other billionaire in the world saw their fortunes increase like Bezos, who saw his net worth grow by a staggering 27.6 billion dollars - more than the total net worth of all but the top 24...