Morning Beat: Amazon.com, Inc. (AMZN), Facebook Inc (FB), and Alphabet Inc (GOOGL)

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Amazon.com, Inc. (NASDAQ:AMZN) has a struck a deal with Morrisons in the UK for the supply of groceries that Amazon Prime customers can order. Under the deal, the supermarket chain will supply fresh, frozen, as well as perishable goods that customers can order online.

The service will be available later in the year and should affirm Amazon’s desire of taking over the fast growing UK groceries market. The deal should also help bolster Amazon Pantry service that the e-commerce giant launched late last year.

However, traditional players could come under pressure as few of them will be able to compete with Amazon.com, Inc. (NASDAQ:AMZN)’s financial power.

A software developer has come up with a creative way of tracking people’s sleeping patterns by simply using data available on Facebook Inc (NASDAQ:FB). Many people check into the social network early in the morning and before they go to bed. The readily available data according to Louv-Jansen can help piece together information about people’s sleeping patterns.

Louv-Jansen has already published the source code for the new tool on Github where other developers can access it. Facebook Inc (NASDAQ:FB) is, however, not happy about the new tool saying it violates the site’s terms of service. The company has since asked the developer to discourage others from using it even as it emerges at least 1000 people have already downloaded it.

Alphabet Inc (NASDAQ:GOOGL)’s video platform YouTube is planning to launch its video-on-demand service, YouTube Red, in Australia. The service will debut later in the year having touched ground in the US last October. Chief Business Officer, Robert Kyncl says they are putting everything in place in preparation for a fierce tussle for market share with the likes of Netflix Inc, (NASDAQ:NFLX) Stan and Presto.

In a bid to attract subscribers Alphabet Inc (NASDAQ:GOOGL)’s YouTube plans to offer original content as well as TV shows and documentaries that are unavailable elsewhere. The service will mostly target people under the age of 35 that are increasingly streaming content online. Mr. Kyncl says they intend to invest in up to 20 new shows annually.

International Business Machines Corp. (NYSE:IBM) believes its artificial intelligence system Watson has what it takes to bridge the massive gap between big data and analytics skills. Putting the vast amount of data available into valuable insights remains the biggest challenge which the tech giant believes it can solve.

Demand for data scientists continues to outpace supply a problem that International Business Machines Corp. (NYSE:IBM) plans to solve by making Watson readily available. The company has since unveiled a student edition of its Watson natural language analytics as it moves to make the technology available to education programs.

The announcement should help increase Watson footprint as more than 400 universities are already using it for data analysis.

Viraj Shah

Viraj Shah has completed M.Com (Finance) and is currently pursuing his CFP. He tracks US markets along with other global markets like India very closely. He is very passionate about stocks, real estate, and technology. He also believes that money can always be made in the market.

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