This week in Amazon & eCommerce - Feb 09

Bing, Bard, or ChatGPT? Maybe AI has already taken over...

1. Ai... Ai everywhere. We know ChatGPT has been all the rage, and so does Google. The company recently unveiled a challenger dubbed "Bard". Bard should be able to help with travel stops, decision making, and more. All this competition and innovation should prove interesting when it reaches the ecommerce sector. [Bard]

2. Ebay is lightening the ship. The online selling giant plans on hiking fees coming next week. News of this comes only a week before the platform announced that they are terminating 4% (500 people!) of their workforce. [Learn more].

3. If you can't beat them, buy into them for $10 Billion... At least that's Microsoft's idea. While Google is making a competitor, Microsoft spent a cool $10 billion to buy 49% of OpenAI, ChatGPT's creator. The tech titan unveiled plans to update its Bing search engine with ChatGPT integration, expected in late March. [Learn more]

4. AWS facing competition from Microsoft The tech giant has decided its high time someone challenged Amazon for market share in the cloud data space. While growth in global cloud services slowed in Q4 of last year, Microsoft still rose to a 23% share while Amazon fell to 33%. It will be interesting to note if we see any repercussions from the ecommerce titan, especially after AWS already suffered cutbacks last year. [Learn more].

5. Almost non-existent growth out of Amazon last year. Amazon's growth was almost flat - and that's never happened before. In spite of this and numerous factors that contributed, it seems this result is more of a trend in the industry and less of Amazon's personal faults. It is worthy to note, however that lower sales in some areas, higher fees, and ad costs ensure that Amazon isn't out of the woods yet. [Learn more].

Thank you for sharing your day with us,

Isaiah Fritz, Joe White and the OSP Team

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