{
}
Finnish startup Ixi has secured $36.5 million in Series A funding to develop autofocus prescription glasses using eye-tracking and liquid crystal lens technology. The investment round, led by Plural and including Amazon's Alexa Fund, aims to simplify vision correction. Ixi plans to showcase a prototype later this year, addressing significant engineering challenges in eyewear autofocus technology.
Amazon's Prime Day is seeing reduced participation from third-party sellers, many of whom are opting out due to high tariffs on Chinese goods and shrinking profit margins. The event, which has evolved into a major retail phenomenon since its 2015 launch, now faces challenges as sellers reassess the costs of participation amid economic pressures.This shift highlights Amazon's reliance on its third-party ecosystem, which accounted for 62% of units sold in Q4 2024. As competition intensifies from other shopping events, the potential reduction in product selection could undermine Prime Day's appeal and impact Prime membership growth.
IXI has successfully raised $36.5 million from Amazon and other investors to innovate the concept of autofocus in prescription glasses. This funding aims to enhance the functionality and user experience of eyewear, potentially transforming how individuals use glasses daily.
Amazon has successfully launched its first operational Kuiper satellite, marking a significant step in its plan to establish a low-Earth orbit broadband network. This launch, conducted by United Launch Alliance, initiates a broader agreement for 46 total launches aimed at deploying 1,618 satellites by mid-2026, intensifying competition with SpaceX's Starlink. ULA's Atlas V rocket lifted off from Cape Canaveral, with plans to enhance global broadband access through this ambitious project.
Amazon is preparing to launch its own satellites to compete with Starlink, aiming to enhance global internet connectivity. This move marks a significant step in the growing satellite internet market, positioning Amazon as a key player in the industry.
NASDAQ gave up early gains as Nvidia's stock fell over 3.5% amid competition from Huawei's upcoming AI chip, the Ascend 910D, expected for testing in late May. Despite optimism surrounding earnings from major tech companies, Nvidia's long-term support may drop to $76 if current levels do not hold.
Nvidia has seen a 17% decline this year, while the S&P 500 is down 6%. As Huawei prepares to launch its powerful Ascend 910D AI chip, competition in the semiconductor market intensifies. Meanwhile, long-term investors remain calm, with 97% of Vanguard customers not trading amid market fluctuations.
The European Central Bank (ECB) is adopting a dovish stance, with speculation of potential 50 basis point rate cuts as inflation concerns diminish. The euro's strength, at record highs, poses challenges for exporters, while upcoming GDP and CPI data could influence EUR/USD trading, expected to range between 1.1300 and 1.1400. The worst-case scenario for EUR/USD is projected at 1.1250, contingent on positive US data surprises.
Dubai-based data center operator Khazna plans to expand into Saudi Arabia, targeting a 25% market share amid new regulations requiring local data storage. With 71% of the UAE's data center capacity, Khazna aims to leverage its regional expertise against established local competitors as the Saudi market is projected to grow significantly by 2030. This expansion aligns with Saudi Arabia's Vision 2030 initiative, emphasizing digital infrastructure as a key component of economic diversification.
Tesla raised prices in Canada while encouraging buyers to purchase EVs before new tariffs on US-made vehicles take effect. In contrast, Nvidia's shares fell by 1.6% amid reports that Huawei is testing a new AI processor aimed at competing with Nvidia's products. Other members of the Magnificent Seven saw mixed performance, with Tesla and Meta experiencing slight gains, while Apple, Amazon, and Microsoft dipped slightly.
Amazon.com, Inc.
Companies
| Symbol | AMZN |
| Name | Amazon.com, Inc. |
| Currency | USD |
| Sector | Consumer Discretionary |
| IndustryGroup | Retailing |
| Industry | Internet & Direct Marketing Retail |
| Market | NASDAQ Global Select |
| Country | United States |
| State | WA |
| City | Seattle |
| Zipcode | 98109-5210 |
| Website | http://www.amazon.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
finland startup ixi secures 36.5 million for innovative autofocus glasses
United States Dollar
Plural Foxtrot FIM
Amazon.com, Inc.
HeartCore Enterprises, Inc.
Eurazeo SE
IXICO plc
Nokia Oyj
Tesi
FIN
Niko Eiden
Ville Miettinen
Show more
10:25 29.04.2025
amazon prime day faces seller pullback amid rising tariffs and costs
United States Dollar
Target Corporation
Best Buy Co., Inc.
Amazon.com, Inc.
VNM
CHN
USA
KHM
Steve Green
Show more
08:30 29.04.2025
IXI secures 36.5 million dollars to innovate autofocus technology for glasses
08:29 29.04.2025
amazon launches first satellite in project kuiper to compete with starlink
SpaceXCoin USD
Amazon.com, Inc.
United Launch Alliance LLC
USA
Sebastian Sinclair
Jeff Bezos
Gary Wentz
Tory Bruno
Show more
05:20 29.04.2025
amazon prepares to launch satellites to compete with starlink
23:55 28.04.2025
nvidia faces pressure as huawei prepares to launch competitive ai chip
Apple Inc.
Meta Platforms, Inc.
Amazon.com, Inc.
Microsoft Corporation
ESP
PRT
CHN
FRA
USA
Show more
18:42 28.04.2025
huawei challenges nvidia with new ai chip amid economic updates
United States Dollar
Starbucks Corp
Visa Inc.
Berkshire Hathaway Inc.
Amazon.com, Inc.
Apple Inc.
Microsoft Corporation
CHN
USA
Dave Stinnett
Xi Jinping
Jerome Powell
Jason Moser
Show more
13:30 28.04.2025
eurozone economic outlook shifts as ECB hints at potential rate cuts
11:47 28.04.2025
Khazna targets 25 percent market share in Saudi Arabia's data center expansion
11:45 28.04.2025
Tesla raises prices in Canada as Nvidia shares decline amid AI competition
NVIDIA Corporation
Tesla, Inc.
Amazon.com, Inc.
Alphabet Inc.
Apple Inc.
Microsoft Corporation
USA
Satya Nadella
Elon Musk
Jeff Bezos
Show more
10:52 28.04.2025
Trending
Subcategory
Countries:
Companies:
Currencies:
People: