Items tagged with Jeff Bezos

Amazon stock has been on a winning streak over the past month, and that upward momentum means that there is a shakeup afoot when it comes to the ranking of the world’s richest people. Microsoft co-founder Bill Gates has consistently been at the top (or near the top) of the list, thanks to his [still] heavy investment in the company’s stock, for the past three decades. However, Amazon’s stock performance — capped off by another surge this morning — means that CEO Jeff Bezos is now ranked as the world’s richest person. Amazon shares are up over 2 percent this morning (to $1,078 as of this writing),... Read more...
Amazon is delving deeper into brick-and-mortar territory with a blockbuster acquisition. The company announced today that it is purchasing U.S. supermarket chain Whole Foods for $13.7 billion. Although final details of the transaction will be ironed out between the grocer’s shareholders, the Whole Foods branding will remain intact. Whole Foods will also retain its Austin, Texas-based headquarters once the merger is complete. “This partnership presents an opportunity to maximize value for Whole Foods Market’s shareholders, while at the same time extending our mission and bringing the highest quality,... Read more...
Perhaps one day space travel for tourism will be a common thing. In the here and now, there are select few companies pushing the idea, including Blue Origin, a privately-funded aerospace manufacturer and spaceflight services firm founded and run by Amazon founder Jeff Bezos. For the right amount of money—a lot of money, no doubt—you can book a flight to space as a tourist, just make sure you go tinkle before hopping on board New Shepard, the space vehicle that will lift you above the skies. While early space tourism is separated by wealth—Blue Origin's ticket prices have not yet been announced,... Read more...
Forget the Bahamas. What if your next vacation could be in space? Jeff Bezos has just offered a glimpse of the Blue Origin's New Shepard space tourism capsule.Bezos recently remarked, “Our New Shepard flight-test program is focused on demonstrating the performance and robustness of the system. In parallel, we've been designing the capsule interior with an eye toward precision engineering, safety and comfort.” The New Shepard features seats that can be tilted back so the passengers can look up as the rocket lifts off. The capsule measures 530 cubic feet or over ten times the room Alan Shepard, the... Read more...
Is that Megatron walking the streets? Nope, it is just Jeff Bezos piloting a massive robot named Method-2 at the Amazon Machine Learning Automation, Robotics and Space Exploration (MARS) conference. Bezos recently tweeted, “I just got to pilot an awesome (and huge) robot thanks to Hankook Mirae Technology. Nice! #MARS2017”. The 13-foot, 1.5-ton Method-2 was created by robotics expert Vitaly Bulgarov. Bulgarov has worked on films such as Transformers, Robocop and the Terminator series alongside South Korean company Hankook Mirae Technology. According to Bulgarov's Facebook page, “Everything we have... Read more...
Norman Vincent Peale once said, "Shoot for the moon. Even if you miss, you'll land among the stars." Amazon boss Jeff Bezos is taking that advice literally, and he's hoping the United States government will help him in his endeavor. In a proposal sent to the Trump administration, Bezos explains his interest in developing a lunar spacecraft and setting up shop near a crater at the south pole. Welcome to a world where upstart space entrepreneurship is now a thing. The proposal Bezos sent is tied to Blue Origin, a privately funded space company he founded back in September 2000. What Bezos wants is... Read more...
When it comes to smartphones, we can only remember a few recent outright flops that were not only rejected by the tech community, but also general consumers. There was the ill-conceived Microsoft Kin, the HTC First “Facebook Phone” and more recently, the Amazon Fire Phone. In late 2014, Amazon took a $170 million charge on unsold Fire Phone inventory and ended up canning dozens of employees from its Lab126 “skunkworks” division that developed the smartphone.Credit: Flickr - Steve Jurvetson But if you thought that the Fire Phone was an epic fail from Amazon, you haven’t seen anything yet. In an... Read more...
The last time that Amazon released a flagship Kindle e-reader was way back in October 2014. That is when the online retail giant released the Kindle Voyage to much fanfare. The Kindle Voyage brought with it a redesigned exterior, 6-inch 300pi e-ink display, an ambient light sensor and PagePress navigation with haptic feedback. All of this upgraded hardware came with a relatively high $199 price tag.Kindle Voyage 18 months after the launch of the Kindle Voyage, Amazon is now ready to announce its next generation flagship reader. And the confirmation comes from none other than Amazon CEO Jeff Bezos,... Read more...
Blue Origin New ShepardA new space race is taking place today, and it’s being dominated by Silicon Valley companies looking to make space travel more affordable for military, commercial and civilian launches. In November, we saw Blue Origin’s New Shepard space launch system make an incredible voyage to a suborbital height of 62 miles, and then safely land its BE-3 rocket back to Earth. At the time, Elon Musk congratulated Blue Origin (which is helmed by Amazon CEO Jeff Bezos) for its accomplishment, but noted that what SpaceX was trying to achieve with its reusable Dragon 9 rockets was a much harder... Read more...
Elon Musk’s SpaceX hasn’t been able to find complete success when it comes to testing a completely reusable rocket for commercial space travel, but SpaceX’s failures were just greater incentive for Amazon CEO Jeff Bezos. You see, Bezos owns a private space firm called Blue Origin, and while it seems to fly under radar compared to the immense press that SpaceX receives, the company just celebrated an incredible milestone in the efforts to advance reusable rockets for future space travel. Blue Origin launched its New Shepard space launch system, which consists of a BE-3 rocket engine and a top-mounted... Read more...
It won’t be that long before space is a vacation destination. Space flight company Blue Origin announced that it has completed the rocket engine for its New Shepard spaceship and plans to begin tests before the end of the year. “The BE-3 has now been fired for more than 30,000 seconds over the course of 450 tests,” said Jeff Bezos, Blue Origin founder and Amazon CEO. “We test, learn, refine and then test again to push our engines. The Blue Origin team did an outstanding job exploring the corners of what the BD-3 can do and soon we’ll put it to the ultimate test of flight.” Tickets aren’t on sale... Read more...
Jeff Bezos, founder and chief executive officer of Amazon, is fed up with the patent system as it's currently implemented, and he's calling for change. It's an important topic in the field of technology, as Samsung can attest after losing a high-profile legal battle to Apple, in which it was slapped with a billion dollar fine for essentially copying the look and feel of Apple devices. Bezos didn't say whether or not he takes issue with Apple's patent victory over Samsung, but he did go on record as indicating that patents have lost their way and are now stifling innovation rather than protecting... Read more...
It's long been suspected that Amazon either sells its Kindle hardware at cost or at a loss, choosing instead to price its mobile devices aggressively and rake in the profits through content sales, such movies, music, and apps. With regards to the new Kindle Fire HD and Paperwhite models, Amazon isn't taking a hit on each sale, but it isn't making a dime either. "We sell the hardware at our cost, so it is break-even on the hardware," Amazon CEO Jeff Bezos told BBC News. "We want to make money when people use our devices, not when people buy our devices." The CEO's comments highlight the unique position... Read more...