In other news, Amazon is cutting down on its in-house brands, planning to slash 27 of its 30 private-label clothing brands. This move is aimed at reducing costs and avoiding antitrust scrutiny. The company's smart home ambitions could also see a boost with the integration of Fire TVs and Alexa, potentially creating a smart home that works for everyone.
Key takeaways:
- Amazon is planning big AI-driven changes for Alexa, possibly to keep up with competitors like Bing, Bard, and ChatGPT.
- Amazon's devices and services division is undergoing an executive shake-up with the departure of hardware boss Dave Limp and rumors that Microsoft’s Panos Panay will replace him.
- Amazon is looking to make its Fire TV the central hub for its smart home ambitions, aiming for a symbiotic relationship between the smart TV and the smart home.
- Amazon is cutting 27 of its 30 private-label clothing brands, leaving only Amazon Essentials, Amazon Collection, and Amazon Aware.