Amazon to buy AI company Bee that makes wearable listening device

Amazon to buy AI company Bee that makes wearable listening device


Amazon logo on a brick building exterior in San Francisco on Aug. 20, 2024.

Smith Collection | Gado | Archive Photos | Getty Images

Amazon plans to acquire wearables startup Bee AI, the company confirmed, in the latest example of tech giants doubling down on generative artificial intelligence.

Bee, based in San Francisco, makes a $49.99 wristband that appears similar to a Fitbit smartwatch. The device is equipped with AI and microphones that can listen to and analyze conversations to provide summaries, to-do lists and reminders for everyday tasks.

Bee CEO Maria de Lourdes Zollo announced in a LinkedIn post on Tuesday that the company will join Amazon.

“When we started Bee, we imagined a world where AI is truly personal, where your life is understood and enhanced by technology that learns with you,” Zollo wrote. “What began as a dream with an incredible team and community now finds a new home at Amazon.”

Amazon spokesperson Alexandra Miller confirmed the company’s plans to acquire Bee. The company declined to comment on the terms of the deal.

Amazon has introduced a flurry of AI products, including its own set of Nova models, Trainium chips, a shopping chatbot and a marketplace for third-party models called Bedrock.

The company has also overhauled its Alexa voice assistant, released more than a decade ago, with AI capabilities as Amazon looks to chip away at the success of rivals such as OpenAI’s ChatGPT, Anthropic’s Claude and Google’s Gemini.

Ring, the smart home security company owned by Amazon, has also looked to introduce generative AI in some of its products.

Amazon previously experimented in the wearables space through a health and fitness-focused product called Halo. It sunset the Halo in 2023 as part of a broader cost-cutting review.

Other tech companies have launched AI-infused consumer hardware with mixed success.

There’s the Rabbit R1, a small square gadget that costs $199 and uses an OpenAI model to answer questions, as well as the AI pin developed by Humane, which later sold to HP.

Meta‘s Ray-Ban smart glasses have grown in popularity since the first version was released in 2021.

OpenAI in May acquired Jony Ive’s AI devices startup io for roughly $6.4 billion. The company reportedly plans to develop a screen-free device.

Don’t miss these insights from CNBC PRO

Top Amazon AWS executive on the outlook for generative AI



Source

EU announces it plans to impose measures on Meta to reverse WhatsApp AI policy
Technology

EU announces it plans to impose measures on Meta to reverse WhatsApp AI policy

The European Commission has told Meta it intends to impose “interim measures” to stop the tech giant from excluding third-party AI assistants from WhatsApp. On Monday, the EU informed the company that its preliminary view was that it had “breached” EU antitrust rules. The investigation is still ongoing, and measures are subject to Meta’s reply […]

Read More
The AI narrative now has a new trade — shorting software stocks
Technology

The AI narrative now has a new trade — shorting software stocks

Software and data services stocks remain under pressure after Anthropic’s rollout of a legal automation tool reignited fears of AI-driven disruption — and now one fund manager says that shorting software has become the market’s newest expression of the AI trade. Software names — along with data service companies, financial information providers and publishers — […]

Read More
Epstein’s Silicon Valley connections went beyond Gates and Musk
Technology

Epstein’s Silicon Valley connections went beyond Gates and Musk

Printed documents available at Epstein Library on the U.S. Department of Justice website are seen in this illustration photo. Nurphoto | Nurphoto | Getty Images The U.S. Justice Department’s latest release of millions of documents related to the notorious sex criminal and financier Jeffrey Epstein has shed more light on the relationships he built with […]

Read More