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Amazon reaches out to retailers

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January 22, 12:05 pm

Tech In Brief
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Tech Across the Globe

Meta’s product plans: The owner of Facebook and Instagram is working on upgrades to its popular smart glasses, including an Oakley-branded model, and is exploring new wearable devices such as watches and camera-equipped earbuds. The company is trying to embed artificial intelligence features into more consumer products.

Staying independent: European AI startup Mistral AI is “not for sale” and is working toward an initial public offering, its chief executive officer says. 

Sales under scrutiny: EFishery, an Indonesian startup that deploys feeders to fish and shrimp farmers, may have inflated its revenue by almost $600 million in the first nine months of 2024 — or 75% of sales — according to an internal investigation triggered by a whistleblower’s claim.

Revalued

StackBlitz, a startup offering software that uses AI to build websites, is finishing a fundraising round that will value the company at $700 million. The $83.5 million round is led by Emergence Capital and GV, formerly Google Ventures.

Must read

In today’s Tech In Depth, Spencer Soper looks at Amazon’s evolution from retail disrupter to partner. Among the signs of the newfound relationship: Doug Herrington, the company’s e-commerce chief, joined the board of the National Retail Federation and Amazon made a splash last week at the federation’s annual Big Show. 

This week in Soundbite

In this week’s Soundbite, Ashley Carman traveled to Washington for the inaugural to interview some popular podcasters about whether their influence during the 2024 “podcast election” has staying power. To see more from Ashley, subscribe here.

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