Amazon CEO says latest Kindle version is ready

Amazon.com Inc's latest Kindle version is ready and further details could be expected next week, Chief Executive Jeff Bezos tweeted on Monday.


Amazon.com Inc's latest Kindle version is ready and further details could be expected next week, Chief Executive Jeff Bezos tweeted on Monday.

This device would be Amazon's eighth-generation e-book reader. The company launched a $50 tablet last year. Amazon declined to provide any additional comment.

Currently, Amazon is in talks with a consortium of German carmakers about taking a stake in high-definition digital mapping company HERE, two auto industry sources familiar with the matter said.

Last August, BMW, Audi and Mercedes agreed to pay 2.5 billion euros ($2.8 billion) to buy Nokia’s mapping business as part of plans to develop self-driving cars. Since then, the consortium has started negotiations with potential new partners mainly from the automotive industry.

Now, online retailer Amazon has emerged as a possible shareholder. “Amazon would take a stake as part of a broader deal to lock them in as a provider of cloud computing services,” one source familiar with the talks said.

The consortium needs the capacity of cloud computing to ensure that maps can cope with live updates on traffic and road conditions using data collected from sensors on thousands of Mercedes, BMW and Audi cars. It has been in talks with cloud computing providers, including Amazon, one of the sources said.

Taking a stake in HERE could make sense strategically for Amazon, which is rolling out new one- and two-hour delivery services in major cities in the United States and Europe and needs accurate, real-time maps to compete with rivals for the best logistics. Intelligent mapping systems like HERE’s are the basis on which self-driving cars, linked to wireless networks, can perform functions such as recalculating a route to the nearest electric charging station or around a traffic jam or ice patch.

With inputs from Reuters


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