Despite slowing e-commerce sales growth and signs of a global recession, Amazon plans to continue diversifying through investments like building a brick-and-mortar grocery chain, launching a satellite network for Internet delivery, expanding Alexa services, and developing self-driving cars — including through Zoox, an autonomous taxi subsidiary. That was the message from company CEO Andy Jassy at the Bloomberg Technology Summit in San Francisco. The remarks come after Amazon posted its first quarterly loss in seven years in Q1, which also marked the company’s slowest revenue growth since 2001. Continue reading Amazon Plans to Continue Diversifying Despite Tough Times

Amazon, Apple, Google, Facebook and Microsoft — the five largest U.S. tech firms — are speeding up their acquisitions, even as they are under antitrust investigation by federal officials and state attorneys general. By the end of June, the companies had disclosed 27 deals, up 29 percent from the same period last year, when they announced 21 deals. The increase in purchases could be used as proof by regulators and economists that these companies are using their wealth to dominate competitors and increase their market share. Continue reading Big Tech Firms Step Up Acquisitions Despite Antitrust Probes

Autonomous vehicles have been a part of tech culture for so long that it’s hard to realize that only a handful of people have actually ridden in one. So it was with great surprise that our very first Lyft ride out of our Las Vegas hotel on Sunday night was in a “self-driving” vehicle. Lyft partnered with Irish auto-parts-company-turned-autonomous-vehicle-startup Aptiv (formerly known as Delphi) to offer CES attendees and Vegas commuters the option to ride in one of their 30 “self-driving” BMW 5 Series. Continue reading We Were Passengers in a Las Vegas ‘Self-Driving’ Rideshare