American business magnate, media proprietor, and investor, Jeffrey Preston Bezos has stepped down from his role as the chief executive officer (CEO) of Amazon after nearly three decades at the helm. The leading world’s richest man according to Forbes is estimated to be worth nearly $202 billion. Bezos who joined the billionaire list in 1998 will remain as Amazon’s executive chairman even as he turns over the reins to Amazon Web Services chief Andy Jassy.
Bill Gates Quits Microsoft Board Amid Divorce
Co-founder and CEO of Microsoft William Henry Gates III have been advised by Microsoft Corp. board members to step down from its board after an investigation led into the billionaire’s prior romantic relationship with a female Microsoft employee that was deemed inappropriate. Some Microsoft directors began an investigation in 2019 into woman’s allegations of prior sexual relationship with Bill Gates. During the probe, some board members decided it was no longer suitable for Mr Gates to sit as a director at the software company he started and led for decades, the people said.
YouTube To Commence Automatic Product Identification In Videos
Online video-sharing giant YouTube is set to roll out automatic product detection in uploaded videos on its platform so as to give Google its own piece of the incredibly lucrative affiliate link market, while also tying commerce directly to video uploads.
Makers Of Sophia The Robot Set For Mass Rollout
Hanson Robotics, the company behind the popular humanoid robot ‘Sophia the robot’ has announced plans to mass-produce robots by the end of 2021. The company, based in Hong Kong said four models of the humanoid including Sophia would begin rolling out of factories in the first half of the year.
Elon Musk’s SpaceX To Send Humans To Moon - NASA
NASA picked Elon Musk’s SpaceX to receive $2.9 billion to build a lunar lander as part of the Artemis mission to send humans to the Moon by 2024, the agency announced today. It’s a major vote of confidence in SpaceX from NASA — as no other company received the money. The contract between NASA and SpaceX is expected to be signed on May 1.
Flutterwave And Paypal Collaborates To Ease Business On African Merchants
Nigeria and Africa’s leading financial technology company Flutterwave have teamed up with US payments giant, Paypal to enable users anywhere in the world to make direct payment to African merchants. In 2017, Africa eCommerce value totalled $16.5 billion and it is expected to reach $29 billion by 2022. Flutterwave has exploited this economy area in Africa by offering flexible, quick and affordable payment services to individuals and businesses across the continent.
Samsung Vice Chairman Bags Two And Half Years Jail Term For Corruption
Lee Jae-Yong, the Executive Vice Chairman of the South Korean tech giant, Samsung, has bagged a two and half years jail term today over corruption charges, the ruling that would deprive him of his decision making power.