Ecom: The Future. AI, Innovation
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A channel about the future of marketplaces: innovations and artificial intelligence.

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The implemented AI tools have increased conversion rates on Amazon.

At the end of 2023, Amazon implemented an AI tool that places items from product listings into generated landscapes (e.g., a sofa in a room instead of on a white background).

This solution increased the click-through rate by 40%.
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When can we expect the new James Bond movie?

The creators of the Bond franchise are planning its development for years ahead, as the rights were acquired by the wealthy company Amazon, which means there are no longer any financial problems.


For the next James Bond film, there is currently no finalized script, director, or lead actor, even though three years have passed since the last movie was released. This is due to funding issues with the franchise, according to The Times, citing industry insiders.

Barbara Broccoli, who, along with her half-brother Michael G. Wilson, has creative control over the franchise, announced that they currently have no script, director, or actor who could succeed Daniel Craig. The Times notes that even if all these problems were resolved, it would still take another two years to release a new film.

According to Ajay Chowdhury, former president of the International James Bond Fan Club and an entertainment lawyer, the delay is not due to inaction by the creators but rather a series of business restructurings, as Amazon acquired the film studio Metro-Goldwyn-Mayer, which owns the rights to Bond, in 2021. This acquisition ended decades of financial difficulties for the studio, and the franchise's producers, Michael Wilson and Barbara Broccoli, are now relieved of many financial problems.

Photo: Leon Neal / Getty Images
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How much will the new iPhone cost in Europe?

The base iPhone 16 with 128 GB will cost around โ‚ฌ949 in Germany, while the most advanced model, the iPhone 16 Pro Max with 1 TB, will be priced at โ‚ฌ1949. The difference is significant, so only citizens with suitable incomes can afford a European iPhone.

For comparison, prices in Spain are 10 to 20 euros higher, and in France, they are 30 to 40 euros higher depending on the model and memory configuration.

Last year, one of the most expensive European iPhones was found in Poland, with the top 15th Pro Max 1 TB model costing โ‚ฌ2073, but this year it unexpectedly dropped to โ‚ฌ1940, cheaper than in Germany.
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A ceramic mug with the Toncoin logo is being sold on eBay for nearly $19.

Drink and feel like a crypto millionaire.
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Kamala Harris is suspected of using audio earrings during debates. There is no confirmation of this.

American DJ and crypto activist Johnny King accused Kamala Harris of cheating. It is claimed that during the debates with Trump, she wore Nova H1 Audio earrings, which are actually wireless earphones sold by the German startup Icebach Sound for about $700.

Harrisโ€™s earrings in social media photos and other broadcast footage look different from the Nova H1 Audio earrings. The Harris campaign has ignored the accusations.

By the way, you can also find Nova H1 Audio earrings on eBay.
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Foreign Services Suspend Operations in Russia Due to U.S. Sanctions.

A new package of restrictions comes into effect today, September 12. From now on, foreign companies are prohibited from providing consulting and project services in the IT field to Russian citizens. Additionally, it is forbidden to offer support for enterprise management software and production software.

The following companies have already announced their exit from Russia:

๐Ÿ”ก Website builder Wix;
๐Ÿ”ก Collaboration platforms Miro and Coda;
๐Ÿ”ก Note-taking and list-making service Notion;
๐Ÿ”ก Project management service ClickUp;
๐Ÿ”ก AI design service Recraft.

Internet users fear that these sanctions could also affect larger companies, such as Figma, Zoom, and Google. However, these organizations have not yet responded to the imposed ban.
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OpenAI's valuation could rise to $150 billion.

The company is in talks to raise funds, reports Bloomberg. OpenAI aims to raise $6.5 billion in equity from investors, with an additional $5 billion in bank loans.

This would strengthen the company's position as one of the most valuable startups in the world, notes the publication.

Earlier this year, OpenAI was valued at $86 billion.
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Experts are confident that marketplaces will earn revenue from advertising.

Now a marketplace earns money from two things: commissions and advertising. Amazon has been making more money from advertising and third-party services over the last 5-10 years.

This is no secret, and all companies are looking in that direction as well.
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India accuses Samsung, Xiaomi of colluding with Amazon.

Samsung, Xiaomi and other smartphone companies colluded with Amazon, opens new tab Flipkart to exclusively launch products on the e-commerce firms' Indian websites in breach of antitrust laws, according to regulatory reports seen by Reuters.
Antitrust investigations conducted by the Competition Commission of India (CCI) have found that Amazon and Flipkart violated local competition laws by giving preference to select sellers, prioritising certain listings, and steeply discounting products, hurting other companies, Reuters reported.

The CCI's 1,027-page report on Amazon also said the Indian units of five companies - Samsung (005930.KS), opens new tab, Xiaomi, Motorola, Realme and OnePlus - were "involved in the practice of exclusive" phone launches in "collusion" with Amazon and its affiliates, breaking competition law.
In Flipkart's case, a 1,696-page CCI report said the Indian units of Samsung, Xiaomi, Motorola, Vivo, Lenovo (0992.HK), opens new tab and Realme conducted similar practices.

The inclusion of smartphone makers like Samsung and Xiaomi in the case could increase their legal and compliance headaches.
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TON is now even more accessible to users in the EU and the UK.

TON has appeared on Revolut, one of the most influential and prominent fintech platforms in Europe. Over 45 million users now have the opportunity to trade "the diamond" on their platform.
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The book about Toncoin on Amazon.

An e-book about Toncoin in Japanese has appeared for sale on Amazon. The 33-page book describes the evolution of Toncoin.

Read about these and other new products on global marketplaces here: https://t.me/marketplace_bestsellers
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๐Ÿ‘จโ€๐Ÿ’ป I love my job so much that I'll come to the office even on Saturday.

Starting in 2025, Amazon employees will be required to attend the office. This was announced by CEO Andy Jassy, according to Bloomberg. Beginning in January, all Amazon employees will have to switch to a standard five-day office work schedule. The company has seen an increase in unnecessary meetings and approvals due to remote work, which could be more easily resolved if everyone worked on-site. Jassy cited an example of "meetings to schedule meetings."

Previously, Amazon had required employees to come into the office at least three times a week for more than a year.
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The owner of the Russian marketplace Wildberries, Tatyana Bakalchuk, has become nearly 4 billion rubles poorer.

The fortune of Tatyana Bakalchuk has decreased from $7.9 billion to $4.1 billion following the merger of the marketplace with the outdoor advertising operator Russ, according to estimates by American Forbes. During the deal, Bakalchuk "essentially gave up 35% of her company's shares," the publication writes. Her wealth also declined due to the depreciation of the ruble, the publication notes. Despite this, Bakalchuk remains the richest woman in Russia.
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Bitget and Foresight Ventures are investing in the TON blockchain.

Bitget and Foresight Ventures have made a strategic investment of $30 million in The Open Network (TON) blockchain.

The goal of this investment is to promote the development of projects based on Telegram, with a particular focus on play-to-earn games, such as Hamster Kombat and Notcoin.
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Hamster is shutting down... Today is the last day to play and link your wallet for withdrawing funds in Hamster Kombat.

Today the game will be stopped to distribute tokens. The developers recommend checking that a withdrawal address is linked. The listing will take place next week, on September 26, on all major exchanges.
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Amazon released a generative AI assistant codenamed Project Amelia in beta to an initial set of U.S.-based sellers.

Project Amelia delivers a personal Amazon selling expert that understands a sellerโ€™s unique business and provides personalized recommendations, insights, and information to help sellers thrive.

As Project Amelia evolves, it will soon be able to recognize business opportunities and diagnose problems, developing key insights on how to grow revenue, optimize inventory, and resolve key issues, and in some cases will even offer to take actions on a sellerโ€™s behalf.

Sellers can simply ask questions like, โ€œHow my business is doing?โ€ and Project Amelia will provide instant and secure access to sales and business metrics, compare trends, and provide guidance. Always available from any page on Seller Central, Project Amelia stands at the ready to tackle strategy questions and provide unique insights tailored to each sellerโ€™s business needs.
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The author of the popular blog Wait But Why, writer Tim Urban very accurately described what logo designers do at work.

According to him, they simply open a new document, set the font size to 80, type the company name, and the logo is done. It seems that eBay's designers worked according to this method.

By the way, Tim Urban himself sells products featuring his work on Amazon.
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Telegram will share information about wrongdoers with law enforcement agencies.

The platform has updated its privacy policy for this purpose. The platform will actively combat "problematic" content, particularly the sale of illegal goods through internal search. Some prohibited content has already been removed from the messenger. Users can also report illegal posts through @SearchReport.

Additionally, all information about wrongdoers may be handed over to authorities upon official request.

"We make it clear that the IP addresses and phone numbers of those who violate our rules may be disclosed to relevant authorities in response to legitimate legal requests," - said Pavel Durov.
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Forwarded from Marketplace Bestsellers
With more than 115,000 positive reviews, Amazon is practically telling you to pick up this personal water filter for camping, hiking and emergency run-ins. It removes 99.99% of bacteria and parasites to make water safe for drinking and is EPA-approved.
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