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Amazon Shares Fall After Trump Attack

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Amazon Shares Fall After Trump Attack,Startup Stories,Inspirational Stories 2018,2018 Latest Business News,Amazon shares fall 6 percent,President Donald Trump Renews Attack,US postal service,United States Postal Service,Amazon Shares Drops,Amazon shares Fall 6 Percent

Shares of Amazon.com Inc. (AMZN.O) fell by 6 percent on Monday after United States President, Donald Trump, said he was going to reign in the online tech giant. President Donald Trump attacked the online retailer on Twitter due to the pricing of its deliveries through the United States Postal Service and promised unspecified changes.

For a long time now, Trump has been quite vocal about his displeasure with Amazon and its delivery prices. Amazon’s misuse of the US postal service has triggered this level of unrest. Trump’s Tweet on Monday was not the only posted regarding the issue. Citing his growing annoyance against this particular tech giant, Trump said on Saturday he was if the post office “increased its parcel rates, Amazon’s shipping costs would rise by $ 2.6 billion.”

With Trump’s increasing aggression against Amazon, the shares of the company dropped down by 6 percent, wiping out nearly $ 45 billion from its market value. Last week, the company lost about $ 54 billion thanks to Trump. The postal service has also been posting losses mainly because of payments, more than $5 billion a year as mandated by Congress to pre fund the service’s future retirees’ healthcare.

Last week, Trump accused Amazon of not paying enough taxes, making the postal system lose money and putting small retailers out of business. This has raised serious concern for the Amazon investors and with these string of tweets along with Trump’s threats, is slowly starting to worry the investors. The shares are likely to fall down lower than the current amount in the coming weeks.

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Nvidia Unveils Jetson Orin Nano Super: Its Most Affordable Generative AI Supercomputer

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Nvidia Unveils Jetson Orin Nano Super: Its Most Affordable Generative AI Supercomputer

Nvidia launched the Jetson Orin Nano Super Developer Kit, a significant advancement in generative AI supercomputing. Priced at $249 (approximately ₹21,146), this compact AI accelerator delivers impressive performance, achieving up to 67 trillion operations per second (TOPS), surpassing many AI PCs that cost over $1,000.

Key Features and Specifications

  • Performance Enhancement: The Jetson Orin Nano Super offers a notable increase in performance compared to its predecessor, the Jetson Orin Nano, which was initially priced at $499. The new model provides 67 TOPS of AI performance, up from the previous 40 TOPS, representing a remarkable 70% improvement.
  • Compact Form Factor: This developer kit is palm-sized and designed for developers, students, and hobbyists interested in creating AI applications. It features an 8 GB system-on-module (SoM) memory based on Nvidia’s Ampere architecture and is equipped with a 6-core Arm Cortex-A78 CPU.
  • Software Compatibility: The device is compatible with all Nvidia AI software and can run various AI models, including those used in advanced robotics and transformer models. It supports multiple concurrent AI application pipelines and high-performance inference.
  • Storage Requirements: Unlike traditional systems, the Jetson Orin Nano Super lacks built-in storage. Users must download the operating system onto a microSD card to boot the system, similar to setups like the Raspberry Pi.

Availability and Market Response

The Jetson Orin Nano Super is currently available for purchase worldwide, targeting students, enthusiasts, and developers. Following its announcement, the product quickly sold out in many regions, with shipping times ranging from four to five weeks. Jensen Huang, Nvidia’s CEO, expressed enthusiasm about the device’s capabilities in a YouTube video, noting it can run everything that the Hyperscale Graphics Extension (HGX) does, including large language models.

Strategic Importance

Nvidia’s introduction of the Jetson Orin Nano Super fills a crucial gap in the market for affordable AI accelerators. While high-end products like the Nvidia HGX H100 are priced around ₹34 lakh, making them inaccessible for many small-scale developers, the Jetson Orin Nano Super offers a cost-effective solution for those looking to explore generative AI technologies.

Industry Impact

The launch of this supercomputer comes at a time when demand for accessible AI solutions is rising. With its enhanced capabilities and lower price point, the Jetson Orin Nano Super is expected to empower a new generation of developers and researchers in fields such as robotics, computer vision, and IoT applications.

Conclusion

Nvidia’s Jetson Orin Nano Super Developer Kit marks a significant step toward making generative AI technology more accessible. Its impressive performance and affordability position it as an ideal platform for developers eager to innovate in artificial intelligence. As demand for such technologies grows, this offering is set to play a vital role in shaping future applications across various industries.

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Waymo Takes on Tokyo: A Global Expansion

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Waymo Takes on Tokyo: A Global Expansion

Waymo, the autonomous vehicle subsidiary of Alphabet, is set to embark on its first international expansion by testing its self-driving cars in Tokyo, Japan. This strategic move underscores the company’s global ambitions and commitment to advancing autonomous vehicle technology in diverse environments.

Key Points

  • Partnership with Nihon Kotsu: Waymo will collaborate with Nihon Kotsu, Japan’s largest taxi operator, and the ride-hailing app GO to conduct testing operations. This partnership is crucial for navigating the complexities of Tokyo’s urban landscape.
  • Initial Phase: Human-Operated Testing: In the initial phase of testing, human drivers from Nihon Kotsu will operate Waymo’s Jaguar I-PACE vehicles. This hands-on approach aims to collect data and map the city’s intricate traffic patterns, focusing on key districts such as Minato, Shinjuku, and Shibuya.
  • AI Training and Refinement: The data collected from these test drives will be instrumental in training Waymo’s AI systems, enhancing the performance and adaptability of its self-driving technology to local driving conditions.
  • Long-Term Vision: Waymo aims to establish a long-term presence in Japan, with aspirations to eventually offer commercial autonomous ride-hailing services. This aligns with Japan’s broader transportation strategy, which seeks innovative solutions for an aging population.
  • Addressing Global Challenges: Operating in a left-hand traffic market like Japan will provide Waymo with valuable insights into navigating diverse driving conditions. The experience gained will contribute to refining its autonomous systems for international deployment.

Strategic Importance of the Expansion

This expansion marks a significant milestone for Waymo as it ventures into a new market characterized by unique cultural and traffic challenges. The partnership with local stakeholders like Nihon Kotsu will be vital in ensuring a smooth and successful deployment of its autonomous vehicle technology in Tokyo.

Regulatory Environment

The Japanese government has been proactive in preparing for autonomous vehicles, designating specific areas as testing zones to facilitate the development of safe transportation systems. By collaborating with local authorities and safety officials, Waymo aims to integrate its technology responsibly into Tokyo’s transportation framework.

Competitive Landscape

Waymo’s entry into Tokyo comes at a time when other companies are also exploring autonomous vehicle solutions in Japan:

  • Nissan plans to launch commercial robotaxi services by 2027.
  • Monet Technologies, partly owned by Toyota, is trialing self-driving services in various districts.
  • Startups like Tier IV are developing autonomous delivery vehicles and buses within the city.

This competitive environment highlights the growing interest in autonomous technologies as viable solutions for urban mobility challenges.

Conclusion

Waymo’s expansion into Tokyo represents a pivotal step in its mission to redefine transportation on a global scale. By leveraging local partnerships and adapting its technology to meet the unique demands of Japanese urban driving, Waymo is well-positioned to make a significant impact in the international autonomous vehicle market. As it navigates this new terrain, the company is poised to contribute meaningfully to Japan’s evolving transportation landscape while advancing its own technological capabilities.

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BigBasket Joins the 10-Minute Food Delivery Race

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BigBasket Joins the 10-Minute Food Delivery Race

Tata-backed BigBasket is gearing up to enter the 10-minute food delivery segment, aiming to offer a wide range of food items, including products from its own brands and partner restaurants, delivered within a 10-minute window. This strategic move aligns with the increasing popularity of quick commerce and the growing demand for speedy food delivery services in India.

Key Features of BigBasket’s Entry

  • Leveraging Strong Supply Chain: BigBasket plans to utilize its robust supply chain and logistics network to efficiently fulfill orders and ensure timely delivery of food items. The company has already established a reputation for reliable grocery delivery, which it aims to extend into the quick-service food sector.
  • Hybrid Model: The company is exploring a hybrid model that combines its private label products with offerings from partner restaurants. This approach will allow BigBasket to cater to diverse customer preferences, offering a variety of food options ranging from ready-to-eat meals to snacks and beverages.
  • Focus on Speed and Convenience: By emphasizing quick delivery times, BigBasket aims to meet the rising consumer demand for convenience. The company’s quick commerce service, previously branded as BBNow, will be restructured to focus on delivering food items within 10 minutes.

Competitive Landscape

As the 10-minute delivery segment becomes increasingly competitive, BigBasket’s entry is expected to intensify the race for market share. Competitors such as Swiggy, Zomato, and Zepto are already heavily investing in this space:

  • Swiggy has launched its Bolt service, which partners with various brands to deliver food in under 10 minutes.
  • Zomato’s Blinkit has introduced a similar service called Bistro, focusing on rapid food deliveries.
  • Zepto Cafe operates on a private label model, delivering food and bakery items quickly from its dark stores.

Market Trends

Industry analysts note that the quick commerce sector is witnessing significant growth, with estimates suggesting an annualized gross merchandise value (GMV) of around $5.5 billion. This growth is driven by evolving consumer preferences for faster service and greater convenience.

Strategic Implications

BigBasket’s entry into the 10-minute food delivery market reflects a broader trend among grocery and food delivery platforms to diversify their offerings beyond traditional grocery items. By integrating quick-service options, BigBasket aims to enhance customer engagement and increase order frequency.

Future Outlook

The company plans to launch its new 10-minute delivery service within the next three to four months. By focusing on speed, convenience, and a diverse product range, BigBasket intends to carve out a niche for itself in the fast-paced world of food delivery.

Conclusion

BigBasket’s foray into the 10-minute food delivery segment represents a significant strategic shift as it seeks to capitalize on the growing demand for quick commerce in India. With its established logistics network and innovative hybrid model, BigBasket is well-positioned to compete with existing players in this rapidly evolving market. As consumer expectations continue to evolve towards faster service, BigBasket’s entry is likely to intensify competition and drive further innovation within the industry.

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