Connected Economy: A $3,000,000,000 Future of Amazon Web Services

Today, in the connected economy, a new projection indicates that Amazon’s cloud computing business could one day be worth three times the current value of the entire company. Additionally, Walmart is acquiring California-based tech company Memomi following a test of its virtual optical trial technology, while Siemens and Nvidia are teaming up to help companies launch projects inside the metaverse.

Analyst: Amazon Cloud Unit could reach $3,000,000 in value

Amazon’s cloud storage unit, Amazon Web Services (AWS), could be worth $3 trillion, nearly triple the market value of the entire company. That’s according to analyst Alex Haissl of Redburn, who said AWS has become so powerful that Amazon may one day separate it from its retail operations.

Walmart adds digital eyewear fitting company to stable of AR try-on tools

After a three-year test in more than 3,300 stores, Walmart is acquiring California-based technology company Memomi to bring its virtual optical try-on technology in-house. The company said the deal allows it to both continue a popular shopping feature and underscore its commitment to frictionless omnichannel eye care.

Siemens and Nvidia team up for Industrial Metaverse

German engineering and technology company Siemens is working with chipmaker Nvidia to launch a metaverse where companies can accelerate new production designs while reducing the cost of physical operations. This collaboration is at the heart of Siemens Xcelerator, the company’s new cloud-based open digital platform, aimed at growing the company’s digital business.

Napster plans Web3-focused comeback with NFTs

Napster, the free music file-sharing service that helped overthrow the recording industry before being sued, said it was making a comeback tied to non-fungible tokens (NFTs). This time, Napster will be built around NFTs and cryptocurrencies in a business led by Hivemind Capital Partners, a crypto firm headed by former Citigroup executive Matt Zhang. Napster would use $NAPSTER tokens issued using the Algorand blockchain protocol, which will allow artists to provide holders with curated music and experiences.

Amazon will collect and sell physical store analytics data to brands

Amazon hopes to capitalize on its nascent basket of brick-and-mortar stores by offering brands data on what customers at its contactless locations are touching, buying, refusing to buy and more. The e-commerce giant said the new analytics offering will provide brands with a dashboard of detailed but anonymized data that will show “how their products are discovered, viewed and purchased” across approximately 50 Amazon Fresh and Amazon Go sites.

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