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  • Amazon Launches Discount Store, Swiggy Indian IPO, Elon and Vivek to head up D.O.G.E

Amazon Launches Discount Store, Swiggy Indian IPO, Elon and Vivek to head up D.O.G.E

plus: Job Board, Time Magazine's Best 200 Inventions of 2024

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TechX Insides
November 14, 2024

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Today’s Insides 🥤

  • Amazon launches “Haul”, its discount storefront

  • Baidu launching AI-AR glasses, in competition to Meta

  • Swiggy has the second largest IPO in India

  • Downloaded playbooks by BCG for C-suite leaders on utilising AI

  • Elon and Vivek to lead the D.O.G.E to cut government waste

  • Counterintuitive Product Strategy and Building in AI

  • …and more

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  • The C-Suite Playbooks for AI, by Boston Consulting Group (BCG)

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News & Trends 📢

Amazon Launches Discount Storefront to Compete with Temu and Shein

  • Amazon has unveiled "Haul," a storefront focused on offering budget-friendly items mostly priced under $10.

  • The initiative aims to challenge popular discount rivals Temu and Shein by targeting value-conscious shoppers looking for affordable fashion, home goods, and electronics.

    Read More

Swiggy Shares Surge 8% on Market Debut as India’s Second Biggest IPO

  • Swiggy is an online food and convenience ordering platform, backed by Softbank and other notable investors.

  • Swiggy's shares surged nearly 8% during its market debut, marking India's second-largest IPO of the year. The strong market performance reflects investor confidence in the food delivery giant, highlighting its prominent position in India's growing e-commerce sector.

    Read More

Trump Announces Musk, Ramaswamy to Lead Government Efficiency Department

  • Donald Trump has announced that Elon Musk and Vivek Ramaswamy will lead a new "Department of Government Efficiency" (D.O.G.E) aimed at reducing bureaucratic waste and improving effectiveness.

  • This move seeks to leverage Musk's technological vision and Ramaswamy's entrepreneurial background for streamlining government operations.

Just Eat Takeaway Sells Grubhub to Wonder for $650 Million

  • Just Eat Takeaway has sold Grubhub to food startup Wonder for $650 million, continuing the trend of consolidation in the food delivery industry.

  • The acquisition will help Wonder expand its food services into new markets and diversify its offerings in the competitive delivery space.

    Read More

China’s Baidu will soon launch AI-powered smart glasses, which may rival Meta’s smart glasses

  • Baidu has unveiled AI-powered smart glasses, integrating its Ernie large language model to offer features like calorie tracking, environmental queries, music playback, and video recording.

  • This move positions Baidu alongside Meta in the competitive AI-integrated eyewear market. The glasses are set to launch in China next year

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