Plus, a battery startup that says it can help electric vehicles charge faster raises $375 million. And Goldman Sachs will finish rolling out its first generative artificial intelligence tool across the firm by the end of the month. Zoe Thomas hosts.
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[00:00:00] Here's your TNB Tech Minute for Thursday, June 27. I'm Zoe Thomas for The Wall Street Journal. Amazon plans to launch a service focused on shipping unbranded fashionware and household products from China. That's according to a slide presentation viewed by The Wall Street Journal from an invite-only
[00:00:19] meeting that Amazon held with Chinese merchants yesterday. The move comes as Amazon faces growing competition from low-cost e-commerce platforms Temu and Amazon said it would ship the products directly from China to consumers in the U.S.
[00:00:35] These products typically have been routed through Amazon's U.S. warehouses to U.S. customers. An Amazon spokesperson didn't elaborate on plans for the new channel, but said the company is always exploring new ways to work with sellers.
[00:00:49] We exclusively report that battery startup Sela has raised $375 million from investors such as T. Rowe Price and Sutter Hill Ventures. The company is developing a rechargeable battery it says can help electric vehicles drive farther and charge faster.
[00:01:05] Sela said the funds will help with complete construction of a factory early next year. It plans to start delivering battery parts to customers such as Mercedes-Benz and Tesla partner Panasonic by the fourth quarter of 2025. And Goldman Sachs will finish rolling out its first generative artificial intelligence
[00:01:22] tool for code generation to thousands of its developers by the end of the month. The GS-AI platform, as it's known, grew out of an existing machine learning platform. It is the single point of entry for all generative AI use at the company.
[00:01:37] Goldman's approach also included tapping partnerships with openAI backer Microsoft and Google for their models. The platform also uses open source models including from Meta. Wall Street Journal owner News Corp has a content licensing partnership with openAI.
[00:01:52] For a deeper dive into what's happening in tech, check out Friday's Tech News Briefing podcast.