More

    People are using their Alexa speakers as glorified timers, and it’s cost Amazon $25 billion – but is AI the answer?


    Amazon has sold millions of Echo smart speakers, but its smart home devices are still making a massive loss according to internal documents and those with inside knowledge of the business. Now, Amazon CEO Andy Jassy is trying to turn things around – but it’s not going to be easy.

    It’s widely rumored that Amazon will soon be introducing a paid tier for Alexa, with an AI-enhanced version of the smart assistant available as a monthly add-on to Amazon Prime subscriptions. However, according to The Wall Street Journal (paywall), the company made over $25 billion in losses from its smart device business between 2017 and 2021.

    https://cdn.mos.cms.futurecdn.net/dDWwDqsbXed2awnm7GJGXK-1200-80.jpg



    Source link
    cat.ellis@futurenet.com (Cat Ellis)

    Latest articles

    spot_imgspot_img

    Related articles

    spot_imgspot_img