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OpenAI Made an AI Breakthrough Before Altman Firing, Stoking Excitement and ConcernRead now Sign In Subscribe Pro Org ChartsPro Weekly NewsletterGenerative AI DatabaseThe Information 50 DatabaseCloud DatabaseCreator Economy DatabaseThe Information 50 More Pro Enterprise Tech Power ListGigafactory DatabaseVC Diversity IndexTech IPO TrackerKids and Technology Survey Org Charts AdobeAirbnbAlphabetAmazonAmazon Web ServicesAppleAptivBinance and Binance.USByteDanceChimeCircleCiscoCoinbaseCruiseDidi ChuxingDisneyDoorDashEndeavorFlexportFTXGoogleLyftMetaMeta Generative AIMicrosoftNvidiaOpenAIOpendoorOracleParamount GlobalPatreonPlaidRobinhoodSalesforceSES AIShopifySnapSpotifyStripeTencentTeslaThoma BravoTwitchTwitterUberWalmartWarner Bros. DiscoveryWaymoWeWorkYouTube NewslettersWeekendOpinionThe Electric Events Upcoming EventsVideo Library PartnersCorporate Directory Forum Sign In Subscribe AboutCorporate Subscription HOW AMAZON IS TAMING ITS CUSTOMERS’ RETURNS ADDICTION -------------------------------------------------------------------------------- AMAZON MADE FREE RETURNS AN INDUSTRY STANDARD FOR ONLINE SHOPPING, THEN THE PANDEMIC SENT RETURN RATES SOARING. NOW, THE COMPANY IS TRYING TO TAME ITS RETURNS BEAST WITHOUT SPARKING CUSTOMER BACKLASH. HOW AMAZON IS TAMING ITS CUSTOMERS’ RETURNS ADDICTION -------------------------------------------------------------------------------- AMAZON MADE FREE RETURNS AN INDUSTRY STANDARD FOR ONLINE SHOPPING, THEN THE PANDEMIC SENT RETURN RATES SOARING. NOW, THE COMPANY IS TRYING TO TAME ITS RETURNS BEAST WITHOUT SPARKING CUSTOMER BACKLASH. Illustration by Laurent Hrybyk. By Theo Wayt * theo@theinformation.com * Profile and archive → * Follow Theo on Twitter Subscribe Now June 29, 2023 6:04 AM PDT When Amazon announced Wednesday that customers could soon start dropping off items they wanted to return at nearly 1,000 Staples stores, it touted the partnership as part of its decadeslong quest to make online shopping as easy as possible for consumers. In reality, the Staples partnership is the result of a years-long effort by a team inside Amazon to drive down the cost of returns after they soared during the pandemic, one reason why the company’s North America business lost money last year. The mission included discouraging customers from returning items through UPS, which is especially expensive for Amazon. JOIN NOW TO READ THE FULL STORY Get Breaking News, Relevant Stories, and Special Event & Editorial Invites Get Started - or - Continue with Apple Already a subscriber? Sign in here Get access to exclusive coverage Read deeply reported stories from the largest newsroom in tech. Latest Articles The Briefing enterprise ai OpenAI’s Troubled Youth By Cory Weinberg · Nov. 28, 2023 5:00 PM PST OpenAI’s board appointment of two rhetorical graybeards—tech veteran Bret Taylor and, for some reason, former U.S. Treasury Secretary Larry Summers—mercifully helped avert its pre-Thanksgiving leadership crisis. It has more board vacancies to fill (but not with investors), governance rules to set and a CEO to investigate.I’d pose another priority: Deepen OpenAI’s roster of experienced... Latest Briefs OpenAI Not Planning to Give Microsoft, Other Investors Board Seats By Aaron Holmes · Nov. 28, 2023 Apple Proposes Exit From Partnership With Goldman Sachs By Nate Becker · Nov. 28, 2023 Charlie Munger, Warren Buffett’s Right-Hand Man, Dies at 99 By Michael Roddan · Nov. 28, 2023 Stay in the know Receive a summary of the day's top tech news—distilled into one email. Access on the go View stories on our mobile app and tune into our weekly podcast. Join live video Q&A’s Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives. Enjoy a clutter-free experience Read without any banner ads. Recent Popular Stories ai OpenAI Made an AI Breakthrough Before Altman Firing, Stoking Excitement and Concern By Jon Victor and Amir Efrati One day before he was fired by OpenAI’s board last week, Sam Altman alluded to a recent technical advance the company had made that allowed it to “push the veil of ignorance back and the frontier of discovery forward.” The cryptic remarks at the APEC CEO Summit went largely unnoticed as the company descended into turmoil. Exclusive startups Finance A Bank Watchdog Crowned Its First Chief Fintech Officer. His Work History Was A Web Of Lies. 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