Amazon Olympus: the New AI Model to Rival ChatGPT and Bard

Amazon Olympus: the New AI Model to Rival ChatGPT and Bard

Amazon has unveiled its groundbreaking new AI model called Olympus, a new large language model (LLM) designed to rival industry leaders like OpenAI's GPT-4 and Google's Bard. Boasting two trillion parameters vs. GPT's one trillion parameters, this revolutionary AI...

TikTok Shop: Is it Targeting Amazon?

TikTok Shop: Is it Targeting Amazon?

TikTok has started to advertise job openings for a global fulfilment center, warehousing, item return options, and delivery, all under the umbrella of TikTok Shop, the platform's new e-commerce center. Perhaps it could give Amazon a run for its money - it has over 1...

The Top 10 European Marketplaces

The Top 10 European Marketplaces

Comparehero says it best: "Local online stores are of course, localized and therefore they are usually more relevant as they cater to the direct demands from the local market – sans the expensive shipping cost." The same holds true for many European marketplaces....

European ECommerce Report: The State of European Marketplace ECommerce

European ECommerce Report: The State of European Marketplace ECommerce

The numbers are clear: the European marketplace sector is poised for massive growth. It amassed €200bn since 2020, with continuous growth projected for the years to come. This is no small feat; Europe is made of 50 distinct countries, with more than 200 languages...

How the European Recession Impacts Q4 Amazon

How the European Recession Impacts Q4 Amazon

Jeff Bezos was quoted recently as saying, "It's time to batten down the hatches." The outlook on Q4 Amazon is bleak as consumer spending gets more and more conservative, especially in Europe, where the economic recession heralds a harsh winter ahead. Incidentally,...