April 7, 2024 was an eventful week for technology and startup news. Amazon CEO Andy Jassy discussed the potential of the company’s Project Kuiper satellite venture as a significant revenue opportunity in the future, although the exact timing remains uncertain. This week also saw a decline in Amazon’s employment in Washington state, its first year-over-year decrease since the company’s founding. Jassy’s compensation for 2023 totaled $29.2 million, which included base pay, vested shares, and security costs. Additionally, Boston-based biotech company Vertex Pharmaceuticals acquired Seattle-based Alpine Immune Sciences for $4.9 billion in cash.
Another notable story from the week was the involvement of Bill Gates in filling a parking lot pothole with new carbon trapping asphalt. Amazon has been attempting to revolutionize the grocery shopping experience for consumers for the past 17 years. Furthermore, a new test for the early detection of Alzheimer’s Disease, even before symptoms are present, showed promising results. Amazon welcomed Andrew Ng as its newest board member, known for his expertise in machine learning, artificial intelligence, and online education.
Seattle Public Schools introduced new software from a startup called MagicSchool AI, offering generative AI tools to assist teachers in creating lesson plans and providing student feedback more efficiently. Despite the eventful week in the tech world, startup fundraising activity remained relatively stable in the first quarter of 2024 across the U.S. These stories highlight the diverse and evolving landscape of technology and startup advancements. Subscribe to GeekWire’s Weekly email newsletter to stay informed about the latest developments in the industry.
