“Last week, Amazon announced plans to spend $700 million over the next five years to “upskill” about 100,000 employees. Still, Gates seemed skeptical of the initiative. ‘When Amazon said they were going to retrain 100,000 people, what did that mean? I wasn’t sure, but that was nice of them to say that,’ he said.” https://www.google.com/amp/s/www.geekwire.com/2019/bill-gates-biggest-impact-ai-may-decades-away-society-needs-prepare-now/amp/
Tag: Amazon
The Fashion Industry Is Getting More Intelligent With AI
“The fashion industry is one of the biggest in the world, estimated at about 3 trillion dollars as of 2018, representing 2 percent of global GDP.” https://www.google.com/amp/s/www.forbes.com/sites/cognitiveworld/2019/07/16/the-fashion-industry-is-getting-more-intelligent-with-ai/amp/
What is a Platform?
What is a Platform? “Plug-and-play business model that allows multiple providers and consumers to connect, interact, and create and exchange value. Three things a company must do to be a platform: Be a magnet Act as a matchmaker Provide a toolkit” https://www.google.com/amp/s/www.forbes.com/sites/ronshevlin/2019/07/15/digital-platforms-are-eating-banking/amp/
Amazon’s future vision of AI, warehouse bots and Alexa
“‘[AI] is sprinkled everywhere,’ Creative Strategies analyst Carolina Milanesi said after attending re:MARS. ‘It’s an integral part of every service they offer, every product they make and every business they run.’ We’re not particularly worried about job displacement … We’re growing, we need to hire more people.” https://www.google.com/amp/s/www.cnet.com/google-amp/news/amazons-future-vision-of-ai-warehouse-bots-and-alexa/
Amazon Ad Revenue Estimated To Reach $40 Billion By 2023, As AI Increases Ad Prices
“Juniper research forecasts Amazon’s advertising revenue will reach $40 billion by 2023 — up 470% since 2018, driven by artificial intelligence and machine learning. Overall, Juniper forecasts total ad spend on digital advertising will reach $520 billion by 2023, up from $294 billion this year Amazon already dominates the U.S. ecommerce marketplace, which will surpass…