Amazon is developing a new smartphone within its devices and services unit, more than a decade after its first failed attempt in the category, according to a report by Reuters. The project, internally dubbed “Transformer,” is being positioned as a personalised mobile device that can integrate with the Alexa voice assistant and act as a continuous touchpoint for Amazon users throughout the day.

Amazon is the world's largest retailer and cloud infrastructure provider. CEO Andy Jassy recently provided insight into the company's long-range forecast.

Smart indoor garden brand-LetPot achieves #1 rankings in Europe, UK, Australia, and Canada Amazon, secures top-three position in competitive U.S. market.

Jeff Bezos is reportedly seeking up to $100 billion to fund AI-driven automation across manufacturing and warehouses, drawing sharp criticism from Bernie Sanders over concerns it could replace hundreds of thousands of jobs.

Amazon has acquired RIVR, a company that uses physical artificial intelligence and wheeled-legged robots to automate doorstep delivery. RIVR CEO and Co-Founder Marko Bjelonic announced the acquisition in a Thursday (March 19) post on LinkedIn, and several media reports said an Amazon spokesperson confirmed the deal.

Rivr, a Zurich-based autonomous robotics startup known for its stair-climbing delivery robot, has been acquired by Amazon in a deal that signals the e-commerce giant's interest in doorstep delivery. Terms of the deal weren't disclosed.

AI stocks soared over the past three years as investors bet on the promising technology. But in recent times, various headwinds have halted the momentum.

Amazon has acquired robotics startup Rivr, known for its four-legged delivery robots on wheels, the company confirmed. The company expects to test ways it can use Rivr's robots to help with "doorstep delivery" and to "improve safety outcomes" for delivery drivers.