Amazon confirmed its acquisition of AI wearable startup Bee, a company known for devices designed to record virtually every word spoken by the wearer. The deal, though not yet closed, gives Amazon access to new wearable AI technologies that have the capacity to constantly monitor their owners' audio.

The tech giant’s acquisition is its latest move into the burgeoning AI-gadget business.

Amazon will shut down its AI research lab in a cost-cutting move as tensions flare with China and as other global companies even seek to leave the nation because of Chinese influence.

Amazon is shutting down its Shanghai artificial intelligence lab, which was established by its cloud services arm in 2018, the Financial Times reported on Wednesday.

Amazon’s closure of an artificial intelligence research lab in China is tied to recently announced layoffs in the company’s cloud computing unit.

Target is ending its guarantee to price match Amazon and Walmart on July 28. A spokesperson for the retailer confirmed the policy change to USA TODAY. Beginning July 28, Target will only match its own in-store and online prices at Target.

Shoppers will no longer be able to buy an item for a lower price if they can prove that they found an identical product listed for less by Amazon or Walmart.

Target is ending a price matching policy that for 12 years allowed customers to request a price match if they found an identical item with a lower cost at competitors Amazon or Walmart. The policy enabled a price match if shoppers could provide proof of the lower price within 14 days of their purchase.