Money Should you be scared of Amazon?

06:05  19 june  2017
06:05  19 june  2017 Source:   Business Insider Australia

Amazon opens Alexa voice control to all video streaming services

  Amazon opens Alexa voice control to all video streaming services Alexa is about to be even more useful when it comes to your entertainment needs. Simple voice commands already let you navigate apps like Netflix, but tools to incorporate those types of commands are now available to any TV company, streaming service and other content providers.Amazon just introduced its Video Skill API, which will allow developers to expand how Alexa lets users find content in their apps. With this tool, entertainment apps could let their customers find specific shows or movies, search genres or even change the channel with voice commands.

Amazon CEO Jeff Bezos. Amazon bought Whole Foods on Friday for .7 billion.REUTERS/Abhishek N. Chinnappa. Should you be scared of Amazon ? About a month ago, New York Times columnist

Out of the Frightful Five, Amazon is the company you should fear the most. Amazon ’s surprise .7 billion acquisition of Amazon is the latest example. We already knew Amazon had ambitions to break into the grocery business through the Amazon Fresh delivery service and the futuristic

  Should you be scared of Amazon? © Provided by Business Insider Inc

About a month ago, New York Times columnist Farhad Manjoo helped coin a new term for the top-five tech companies that are increasingly dominating our lives: The Frightful Five, better known as Apple, Google, Microsoft, Amazon, and Facebook.

The top of his list? Amazon.

Farhad's argument was that he's increasingly dependent on Amazon for buying stuff and entertaining his family. That's true.

But I'd argue Amazon's reach goes deeper than that, deeper than any other company inside or outside the tech world. And its grip on our lives is only getting stronger, which raises some serious questions we haven't had to ask ourselves about the power and influence a tech company can have over our lives.

Amazon's Echo now lets you block unwanted callers

  Amazon's Echo now lets you block unwanted callers A new calling feature was criticized for not allowing users to block people on their contact list from calling or messaging them.The feature lets you use your Amazon Echo to call other Echo users on your contact list, hands-free. But the new feature didn't include a way to block people on your contact list from calling or messaging you.

Out of the Frightful Five, Amazon is the company you should fear the most. Amazon ’s surprise .7 billion acquisition of Amazon is the latest example. We already knew Amazon had ambitions to break into the grocery business through the Amazon Fresh delivery service and the futuristic

About a month ago, New York Times columnist Farhad Manjoo helped coin a new term for the top-five

Out of the Frightful Five, Amazon is the company you should fear the most.

Amazon's surprise $US13.7 billion acquisition of Amazon is the latest example. We already knew Amazon had ambitions to break into the grocery business through the Amazon Fresh delivery service and the futuristic cashier-free convenience stores, but this is a whole other level -- a subtle troll that the online retail giant can creep its way back into the physical world and take over a popular chain of supermarkets.

But let's talk about everything else Amazon has its grip on and how it continues to hold greater influence over:

Amazon is reportedly planning to cut jobs at Whole Foods

  Amazon is reportedly planning to cut jobs at Whole Foods Amazon is planning to cut jobs at Whole Foods when it takes over the company, according to a Bloomberg report published on Sunday that cites a source with knowledge of the matter. The Seattle-headquartered ecommerce giant is considering replacing Whole Foods cashiers with technology, according to the report.The exact number of roles on the line is not specified but it could run into the thousands given Whole Foods employs around 90,000 people in total, with many of those working on the shop floor.

You are about to activate our Facebook Messenger news bot. Amazon Web Services (AWS) is the undisputed leader in infrastructure-as-a-service (IaaS). Historically, this meant focusing on low-level “building block” services such as object storage, scalable compute and caching.

He had equally startling comments, however, about Amazon and Google. After listening to Gurley, it's hard not to be impressed by Amazon . It's equally hard not to be pessimistic about the future of Google. In short, Gurley believes that Amazon , through Amazon Prime

  • Cloud computing. Amazon Web Services powers many of the apps and websites you use every day. (Remember when an Amazon outage took down a large chunk of the internet?)
  • Artificial intelligence. Amazon has quickly become a leader in AI thanks to its Alexa assistant, which has opened up a new world of voice-powered computing.
  • Logistics. Through Amazon Air, Amazon plans to use drones and its own planes to deliver goods. It's also experimenting with autonmous trucking. Many have speculated that one day Amazon won't need to rely on UPS, FedEX, or the Postal Service to deliver stuff.
  • Entertainment. Amazon has dumped millions into original TV programming and movies. It also runs a streaming music service, and lets you buy digital music and video.
  • Food. Between Whole Foods, those futuristic grocery stores, and the Fresh delivery service, Amazon is poised to be one of the largest grocers in the country.
  • Health. According to a CNBC report, Amazon is thinking about getting it the prescription drug business.
  • Retail and e-commerce. This one is self-explanatory.

There's more. Amazon's influence extends to other industries indirectly through CEO Jeff Bezos' personal investments:

Amazon grocery fears overdone: report

  Amazon grocery fears overdone: report Analysts at Citi say Amazon will be "unlikely" to replicate its surprise $18 billion Whole Foods acquisition in Australia.The retail giant, due to arrive in Australia in the next 12 months, surprised markets on Friday when it bought US grocery store operator Whole Foods in a deal valued at about $US13.

This week, Amazon founder Jeff Bezos revealed his latest plans to revolutionize delivery services: A helicopter drone designed to bring you your packages in 30 minutes or less. Whether Bezos' vision will become a reality remains to be seen.

However, he had equally startling comments about Amazon and Google. After listening to Gurley, it’s hard not to be impressed by Amazon . “And the advantage of being top of funnel is you do the least amount of work and take the most amount of money.” But that could change with Amazon .

  • News media. Bezos owns The Washington Post and a small percentage of Business Insider.
  • Outer space. Bezos owns a rocket company, Blue Origin, that's building reusable rockets.

That's a lot of stuff that affects you every day from a company that started selling books online back in the 90s. Now it's hard to find a need Amazon can't fill.

That raises some serious, potentially scary questions if Amazon's influence and capabilities continue to grow. Should one conglomerate have that level of control over the future of so many vital industries people rely on? What kind of check will there be on that power, if any?

Granted, it's a little early to be thinking about all this. Most of the verticals Amazon is involved in are still dominated by traditional companies. But as we saw in the market's reaction to the Whole Foods deal on Friday, it's clear that there's a strong possibility we're accelerating toward a future where there's a digital layer on top of everything we do. And the company best equipped to deliver all is Amazon. There's literally no one else in a position to compete.

That's a lot of power concentrated in one conglomerate, and puts Amazon in a position where it's a company to fear.


Norway’s threat to Brazil: Cut deforestation, or we’ll cut your funding .
The Amazon rainforest, of which 60 per cent sits within Brazilian borders, is known as the world’s lungs. But in recent decades, the rapid spread of deforestation throughout the rainforest has threatened the Amazon and the animals and plants who live within it. Norway has recently announced it intends to cut funding to Brazil unless it makes a commitment to stop cutting down the rainforest.

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