Happy Sunday,
Here’s a quick roundup of last week’s news:
Chart of the Week:
More than 600M people worldwide are active monthly on LLMs, still a fraction of traditional search but quickly accelerating:
AI News of the Week 🤖
Mary Meeker’s AI roundup is a 340 slide strong review of AI’s status quo and (potential future):
Movers & Shakers 🙌
Growve Secures Majority Equity Investment led by Palm Beach Capital and Debt Financing from TCW and NMP Capital
Rhode sale of elf: Another Billion-Dollar Creator Brand [Marketplace Pulse]
Strategy ♟
Amazon's delivery, logistics get an AI boost [Reuters]
Amazon's pricing controls may be anticompetitive, German regulator warns [CNBC]
Amazon prepares to test humanoid robots for deliveries, The Information reports [Reuters]
Amazon to ban fake reviewers and punish sellers that cheat system [Telegraph UK]
Amazon freezes hiring budget for its big retail business this year [Business Insider]
Uncertainty Overshadowed Amazon, Retail Earnings. Will Tariffs Cool Summer Spending? [Investors.com]
The era of free views on TikTok Shop is fading fast [Business Insider]
What Nike learned about eCommerce [Stratechery]
Shiprocket unveils India's first AI-integrated MCP server [Economic Times]
Meta Aims to Fully Automate Ad Creation Using AI [Wall Street Journal]
Walmart workers are sharing photos of price hikes of 38% or more — and some prices are up at Target too [Business Insider]
Job Opportunities 👩💻
Join AutopilotBrand as Customer Success Lead - 👉 learn more here.
Events 🎤
NRF Nexus, Ranchos Palos Verdes, CA July 14-16
Amazon Solution Provider Summit, Seattle July 15-17
Amazon Accelerate, Seattle Sep 16-18
Make this week count 🙌
Christian