Amazon Met With Startups About Investing, Then Launched Competing Products - News Summed Up

Amazon Met With Startups About Investing, Then Launched Competing Products


When Amazon.com Inc.’s venture-capital fund invested in DefinedCrowd Corp., it gained access to the technology startup’s finances and other confidential information. Nearly four years later, in April, Amazon’s cloud-computing unit launched an artificial-intelligence product that does almost exactly what DefinedCrowd does, said DefinedCrowd founder and Chief Executive Daniela Braga.


Source: Wall Street Journal July 23, 2020 16:07 UTC



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