What we learned from Amazon's $10bn loss on Alexa
Earlier this week, Business Insider reported that Amazon is on pace to lose $10 billion from its Alexa voice assistant and its smart speaker business. The news comes at a time when Alexa’s competitors are dealing with difficulties of their own and struggling to find a way to monetize their voice assistants.
The current state of Alexa and other voice assistants is a reminder of the gap between creating an impressive technology and building a business around it. And as tech companies are busy laying off staff and preparing themselves for the incoming recession, cool-but-nonprofitable technologies will have to find a way to show their worth or be gutted to keep their organizations alive.
After eight years of Amazon Alexa, here’s what we can take away from the technology and business of voice assistants.
Read the full article on TechTalks.
For more on AI business: