1 week Ago By Ananya Gairola
Amazon Inc. AMZN is reportedly developing smart eyeglasses for its delivery drivers, aiming to streamline the final stretch of an order’s journey to a customer’s home. What Happened : The e-commerce tech giant is working on eyeglasses that provide drivers with turn-by-turn navigation on a small embedded screen, reported Reuters, citing five people familiar with the development.
The eyeglasses, internally code-named Amelia , are built on Amazon’s Echo Frames smart glasses. It could potentially shave valuable seconds off each delivery, freeing drivers from using handheld GPS devices and allowing them to carry more packages. See Also: After OpenAI And Perplexity, AI Startup Anthropic May Secure Another Massive Investment — Amazon Reportedly Considers Major Funding However, Amazon has faced challenges in creating a battery that can last a full eight-hour shift and be light enough to wear all day without causing fatigue.
The sources cautioned that the eyeglasses could be delayed or shelved indefinitely if they don't meet expectations, or due to financial or other reasons, and may take years to perfect. Amazon’s spokesperson, when asked about the eyeglasses, told the publication, “We are continuously innovating to create an even safer and better delivery experience for drivers,” but did not comment further on the product roadmap. Amazon did not immediately respond to Benzinga’s request for comments.
Subscribe to the Benzinga Tech Trends newsletter to get all the latest tech developments delivered to your inbox. Why It Matters : Amazon is facing increased competition from Walmart Inc. WMT , which has been ramping up its e-commerce efforts and cutting prices.
Last month, the e-commerce giant deployed an AI-powered package identifying technology on its Rivian -manufactured delivery vans to save time per delivery. The e-commerce giant is also battling with emerging e-commerce platforms like Temu and Shein as significant competitors. In October, Amazon announced third-quarter net sales of $158.
9 billion, reflecting an 11% increase from the previous year. This figure surpassed the Street’s consensus estimate of $157.2 billion, according to data from Benzinga Pro.
Price Action: Amazon shares ended Monday with a 0.64% decrease, closing at $206.84.
The stock extended its decline in after-hours trading, falling to $206.26 as of the time of writing. Check out more of Benzinga’s Consumer Tech coverage by following this link .
Read Next: Jeff Bezos’ Net Worth Soars To Record $228B, Closing In On Elon Musk’s Top Spot As Amazon Stock Rises After Trump Wins White House Disclaimer : This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors. © 2024 Benzinga.com.
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