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Amazon to buy startup focused on AI wearables

Amazon to buy startup focused on AI wearables

Reuters11 hours ago
SAN FRANCISCO, July 22 (Reuters) - Amazon (AMZN.O), opens new tab has reached a deal to buy San Francisco-based Bee, a startup making an artificial intelligence-enabled bracelet to listen in on and transcribe conversations.
Bee's $50 wristband can analyze and distill what it records to make summaries, to-do lists or other tasks. Amazon confirmed the deal on Tuesday following a post on LinkedIn by Bee CEO and co-founder Maria de Lourdes Zollo.
The deal has not yet closed and Amazon declined to provide terms. A spokesperson said Amazon will work with Bee to give users more control over the devices, which are set to automatically transcribe audio but can be muted.
"We imagined a world where AI is truly personal, where your life is understood and enhanced by technology that learns with you,' said Zollo in her post. She did not immediately respond to a query on Tuesday.
It was not Amazon's first foray into wearables. The Seattle online retailer marketed a line of wrist health trackers called Halo but ultimately killed the project in 2023. It also has a line of smart glasses embedded with Amazon's virtual assistant, Alexa, under its Echo brand.
ChatGPT parent OpenAI bought former Apple (AAPL.O), opens new tab designer Jony Ive's AI device startup called io for about $6.5 billion. Other startups have made early attempts at AI wearables, with mixed results.
In her post, Zollo thanked Amazon devices executive Panos Panay, suggesting Bee would join his group when the deal closes. Much of Amazon's AI development is being conducted in its Amazon Web Services unit.
Bee was founded in 2022.
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5 Best extension leads
5 Best extension leads

The Sun

timea few seconds ago

  • The Sun

5 Best extension leads

EXTENSION leads are the unsung heroes of the tech world, and a good one goes a long way. Today's models do more than just add sockets, and I've tested the best extension leads that truly earn their place in your setup. 5 They might not be glamorous, but a good extension lead is one of the most useful bits of kit you can have around the house. And while they might seem low-tech, the best extension lead options these days come with smarter features that make them surprisingly handy. Having tested everything from smart home devices to the best video doorbells on the market, I've seen just how much difference the right set-up can make. Many extension leads now come with USB-A and USB-C ports, surge protection, timers, and even voice control. Whether you're building a home office, powering smart devices, or just fed up with juggling chargers, the right lead can make your setup run a whole lot smoother. Read on for my top picks. How I tested I've plugged in and put these extension leads to work over the past couple of weeks, testing how they hold up in a busy household. From simple desk setups to outdoor use, and juggling multiple devices charging at once, I've seen how they perform in real life. I focused on build quality, the variety and usefulness of ports, how well any smart features work, and overall day-to-day reliability. After plenty of hands-on time and careful comparison, these are the extension leads that really stood out. Best extension leads - tried and tested Tapo P304M 5 Tapo P304M Smart Power Strip, £29.99 from Amazon I didn't quite realise how clever extension leads had become until I got hands-on with the Tapo P304M. This one lets you control each of the four mains sockets individually through the Tapo app, which means you can turn off things like a lamp or printer without having to get up. It also works with Alexa and Google Assistant for voice commands and basic automations, and you can even set timers or schedules. There's some neat energy monitoring baked in too, though I didn't find myself using it much day to day. Same goes for voice control, it's clever, but most things I plug in are there to stay, so I rarely found myself actually talking to it. The big miss for me is the lack of USB ports; there are none here. In 2025, that feels like a bit of a slip, especially when so many of our gadgets charge via USB-C. That said, for under £30, it's a great value way to make a standard setup a bit smarter. The 2-metre cord gives you enough reach for most rooms, and you can mount it if you want a cleaner finish. Sockets: 4 mains sockets, USB ports: None, Smart features: Voice control (via Alexa/Google), app timers, energy monitoring, Cable length: 2m, Mounting: Freestanding or wall-mountable, Power switch: Master on/off switches in app Addtam 1.6m Extension Lead 5 Addtam 1.6m Extension Lead, £16.99 £12.34 on Amazon BUY HERE This Addtam lead has quietly become one of my most-used tech bits around the house over the past few years, and it's held up really well. It's compact and surprisingly travel-friendly, with a tough braided cord that feels much more durable than the usual plastic kind. I've used it by the bed and when working on the dining room; and it's the one I'd reach for to pack for trips abroad. Despite the small size, it gives you two mains sockets, plus three Type-A and one Type-C port, which is a brilliant mix for charging everything from laptops to earbuds. The Type-C port is the star here; more devices use it now, and it means you don't need to lug around extra plugs. I would've liked another one, but having at least one is a win at this price. I went with the shortest 1.6m model just to make the sockets behind the bed more accessible, but you can go up to 5 metres if needed. Now that I know how well this works, I'd have no hesitation branching out to Addtam's larger extension leads. VonHaus Tower Extension Lead 5 If your desk or media setup is crying out for more sockets, the VonHaus Tower Extension Lead is a no-brainer. It gives you a whopping eight mains sockets and four USB ports (2 Type-A, 2 Type-C) in a compact, upright design that takes up way less space than a flat bar. I swapped this in from a chunky old lead and immediately doubled my socket count without any clutter. I've got it powering a lamp, smart speaker, and our phone chargers, and it looks tidier than most, with a clean, matte finish. You get surge and overload protection built-in too, which adds peace of mind if you're plugging in expensive gear. My only gripe is it's so lightweight that it can wobble or tip if only a couple of plugs are in play. Still, that's a minor issue; overall, it's a smart, space-saving pick that can easily handle a busy setup without looking like a jumble of cables. Sockets: 8 mains sockets, USB ports: 2 Type-A, 2 Type-C, Smart features: None, Cable length: 2m, Mounting: Freestanding, Power switch: Master on/off switches on tower VonHaus 25m Splash-proof Extension Lead 5 VonHaus 25m Splash-proof Extension Lead, £44.99 from VonHaus For outdoor jobs where a standard lead just won't stretch, this VonHaus 25m splash-proof reel is a proper workhorse. I use it mainly for things like jet washing the patio and running power tools at the far end of a long driveway. With 25 metres of cable, I've never once felt restricted. It's got more than enough reach. The reel design keeps things tidy when you're not using it, and it feels really solid. The sockets come with hinged, IP54-rated covers to keep out water, which gives me peace of mind when I'm sprucing up the driveway. No panic if the jet wash gets a bit wild with a stray blast. This one's not trying to be smart or techy, it's just a well-built, no-fuss lead that does exactly what it promises. It's a bit of a beast, weighing in at 3.47kg, but if you're doing garden work, running a shed, or sorting outdoor lighting, it's a brilliant bit of kit. Best extension leads FAQs What should I look for in an extension lead? Start with what you need: number of sockets, USB ports, and whether a strip or tower suits your space. Prioritise solid build quality, a decent cable length, and surge protection, especially for high-traffic or visible areas. Where can I buy extension cords? You'll find them at most major retailers, Amazon, Argos, B&Q, Screwfix, and Currys, all stock a wide range. Basic leads are everywhere, but if you're after smart features or USB-C ports, Amazon and Currys usually have the best selection. Here's where to look: What are surges? A surge is a sudden spike in voltage, usually caused by power cuts, lightning strikes, or large appliances switching on. They can damage your electronics or even start fires, so surge protection is something to look for in any good extension lead. What are surge protectors? It's an extension lead with built-in tech that blocks power spikes from reaching your devices. If you're plugging in pricey gear like a laptop, TV, or sound system, it's definitely worth having. No one wants their setup fried during a storm. Do extension leads use more electricity? Not by themselves. They only draw power when something is plugged in and switched on. Some smart models, like the Tapo P304M, even show you how much energy your devices are using, which is handy if you're trying to cut down on bills. 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Insight: Big Alcohol prepares to fight back as buzzy cannabis drinks steal sales
Insight: Big Alcohol prepares to fight back as buzzy cannabis drinks steal sales

Reuters

time31 minutes ago

  • Reuters

Insight: Big Alcohol prepares to fight back as buzzy cannabis drinks steal sales

NEW YORK, July 23 (Reuters) - Top alcohol makers have been sitting on the sidelines of a cannabis beverage boom, watching brands in the fast-growing category like Cann and Wynk make deals with beer and booze distributors, and gain valuable space on liquor store shelves. Now some alcohol companies, seeing their sales falter, are laying the groundwork to potentially enter the lucrative but risky market, a dozen founders of cannabis brands, ingredients suppliers and drinks manufacturers told Reuters. Drinks containing THC, the mood-altering ingredient in marijuana, are restricted to licensed dispensaries in 24 U.S. states where recreational use of pot is legal. But small amounts of THC can also be extracted from hemp, a crop that's related to marijuana but is legal federally. Beverages containing THC derived from hemp can be sold in many liquor shops, convenience stores and supermarkets. That's where Big Alcohol sees opportunity, despite some companies having been burned by past cannabis investments. Corona brewer Constellation Brands (STZ.N), opens new tab has been internally researching hemp-based cannabis drinks to weigh its next steps, a source familiar with the company's thinking said. Absolut vodka distiller Pernod Ricard ( opens new tab has met with Brez, maker of drinks with THC derived from hemp, as recently as last month to discuss a possible investment, Brez's founder Aaron Nosbisch said. "They did not invest now but are circling," Nosbisch said. Pernod declined to comment on the meeting. Constellation Brands said it does not comment on rumors and speculation. Alcohol makers are still suffering a hangover following America's pandemic drinking binge, when sales spiked as cash-flush consumers splurged on pricey bottles of liquor for their homes, and then rushed back to bars when lockdown restrictions lifted. Alcohol sales have been falling ever since as inflation and interest rates rose and wallets became stretched. The companies also now face growing warnings from public health authorities who say drinking even small amounts of alcohol is associated with at least seven types of cancer. Overall U.S. beer volumes fell nearly 6% through May of this year, according to the Beer Institute. Volumes of spirits and wine sold in the same time period have declined by 5.6% and 9%, respectively, according to the Wine & Spirits Wholesalers of America. In a sign of tumult in the industry, the CEO of the world's biggest alcohol maker, Diageo(DGE.L), opens new tab, stepped down last week as the company struggles to revive growth. But hemp-based drinks are expanding fast. The market for drinks infused with THC from hemp is projected to top $1 billion in sales this year, according to market research firm Euromonitor, and climb past $4 billion in 2028. Molson Coors (TAP.N), opens new tab CEO Gavin Hattersley told Reuters in January he'd be naive to say THC beverages aren't having an effect "at least in a small way." Tilray Brands, (TLRY.O), opens new tab the fourth-largest U.S. craft brewer with brands including Montauk and Shock Top, is selling its new hemp-derived THC seltzers through its beer distributors such as United Distributors in Georgia, executives told Reuters in an interview. The company's THC drinks are for sale in 13 states. "There's not a real leader that's taken ahold of the (market) so far, and that's what we look to do," Tilray's CEO Irwin Simon told Reuters earlier this year. Others, including Heineken's ( opens new tab Lagunitas brand and Pabst Blue Ribbon, the fifth-largest U.S. brewer, have lent their names to THC seltzers for sale in dispensaries in California. Lagunitas is looking to grow distribution of its THC seltzer, potentially using hemp, to other states, a representative from Cannacraft, its ingredient supplier, said. A spokesperson for Lagunitas said it has no immediate plans to expand, but monitors market development and looks for opportunities as consumer tastes and regulations change. Boston Beer(SAM.N), opens new tab, the maker of Sam Adams, is one of the brewers with the clearest path to eventually enter the U.S. cannabis drinks market although it has not provided a time frame for doing so. The company is already selling its Teapot brand of THC-infused tea in Canada where weed is legal, and in the last year tested a potential U.S. version made from THC derived from hemp. To test the reformulated product, a panel of trained sensory experts sampled Teapot with both THC from hemp and marijuana, and could not taste a difference, said the company's head of cannabis, Paul Weaver. "This is a source of growth for our organization, flat out," Weaver said. Big Alcohol is treading carefully in cannabis drinks because state and federal regulations have shifted, and could change again, said five executives at ingredients suppliers and THC beverage brands. California, which has legal weed, banned hemp-based drinks last year to try to prevent children from consuming them. Other states have introduced special taxes or restricted sales, ambiguity that has held alcohol companies back from entering the market. Sen. Mitch McConnell, who helped first legalize hemp in 2018 to support farmers in his home state of Kentucky, in July introduced a provision in a government spending bill that could ban intoxicating products using the plant. McConnell wrote in an op-ed published in the Louisville Courier Journal on July 17 that his efforts are aimed at keeping THC gummies that look like familiar candies out of the hands of children. He did not provide comment beyond the op-ed. Big brewers have been burned by past cannabis investments. In 2022, the biggest U.S. brewer Anheuser-Busch inBev ( opens new tab exited a deal with Tilray to research cannabis drinks in Canada. The same year, Molson Coors shuttered its U.S. business selling beverages infused with CBD, a compound in marijuana and hemp that does not have psychoactive effects, citing an uncertain regulatory environment. Constellation Brands restructured its investment in Canadian cannabis company Canopy Growth ( opens new tab last year after poor sales. Now, however, hemp-based THC drinks are sold widely. Beyond beer's declining sales, brewers face an additional squeeze from tariffs, which threaten to push up prices for imported drinks, and Hispanic consumers, who are staying home due to fears of U.S. immigration enforcement. Liquor stores are embracing the buzzy beverages to boost their margins as the drinks, typically more expensive than a six-pack of beer, start to outsell other types of alcohol. Jon Halper, CEO of Minnesota liquor store chain Top Ten Liquors, told Reuters in June that THC beverages now make up 15% of his business after the company introduced them two years ago. By next year, they could grow to rival wine, currently in the mid twenty percent of his sales, he said. The drinks take shelf space mostly from beer because they are in coolers, Halper said. The margins on cannabis beverages are higher than those for beer and spirits, helping his firm offset softening alcohol sales. Charleston, South Carolina-based Southern Horizon Logistics, a sister company of Budweiser distributor Southern Crown Partners, is now selling more hemp-based drinks than wine and spirits, said Justin Ashby, the company's chief administrative officer. Ryan Moses, CEO of Nashville, Tennessee-based beer, wine and spirits distributor Best Brands, said that growth from THC-infused drinks has helped offset flat and declining alcohol sales. Instead of possible layoffs, Moses has been able to re-allocate employees to the new category. "It could be as big as the other categories five to 10 years from now," Moses said. Consumers like Josh Goldberg, 39, of Lindenhurst, New York, are also trading out beer and tequila for THC seltzers. Goldberg made the switch almost two years ago, and hasn't had a drink since. "It replaces the physical act of drinking with drinking something else," Goldberg said. Halper, the owner of Minnesota liquor stores, said the customers buying THC-infused drinks tend to skew female and over the age of 35. "The soccer mom has really embraced the category in a big way," Halper said.

Temenos CFO says US tariff 'wobbles' over for banks as shares soar after results
Temenos CFO says US tariff 'wobbles' over for banks as shares soar after results

Reuters

time31 minutes ago

  • Reuters

Temenos CFO says US tariff 'wobbles' over for banks as shares soar after results

July 23 (Reuters) - Banking software group Temenos' (TEMN.S), opens new tab chief financial officer said on Wednesday "wobbles" over U.S. tariffs that caused deals to be delayed in the first quarter are over, as the company reported second-quarter results that beat analyst expectations. The news sparked a 22% surge in the group's shares at market open on Wednesday. By 0741 GMT shares were up 16.4% at 68.7 Swiss francs per share, on track for their best day in more than a year. "There are still tariff discussions, but I think banks, especially (those) printing very good results, have adapted this in their daily business," Takis Spiliopoulos told Reuters. After some worry and anxiety ahead of U.S. President Donald Trump's so-called "Liberation Day" tariff announcement on April 2, Temenos caught up on delayed deals quickly and has seen its banking customers going back to normal in the second quarter, Spiliopoulos said. On Tuesday after market close, Temenos reported adjusted earnings before interest and taxes of 111.6 million dollars in the quarter, above the 81.2 million dollars predicted by analysts in a company-provided poll. After what Baader Helvea analysts called "a perfect quarter for Temenos", the Swiss company also raised its full-year guidance, now expecting EBIT growth of at least 9% at constant currency from at least 5% before. "This beat and raise should help to boost investor confidence and trigger a rerating of the shares," Vontobel analyst Michael Foeth said. Spiliopoulos said the strong quarter, particularly across Europe and the Americas, "more than compensated" for a slow start to the year. While other Swiss businesses are also facing headwinds from a strong Swiss franc this quarter, Temenos, though headquartered in Geneva, Switzerland, reports in U.S. dollars. Spiliopoulos said he is therefore not worried about the impact of currency moves on the firm, which sees a very small portion of its revenues and costs denominated in Swiss francs. Temenos has profited from currency effects this quarter, he said. "We clearly have a benefit from reporting in dollars... so overall, we had a slight positive impact of about $1 million in the second quarter from FX," Spiliopoulos said.

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