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Amazon’s presence in Pittsburgh dates back to before it opened its engineering center. In 2015, Amazon acquired Safaba, a translation software startup that spun out of CMU. Safaba co-founders Alon Lavie and Robert Olszewski still work at Amazon. That same year it also bought Shoefitr, a Pittsburgh-based 3D technology startup.

Amazon’s virtual?assistant, which powers the company’s Echo devices, is predicting a Falcons victory in today’s Super Bowl — despite Atlanta being a 3-point underdog to New England.

Amazon’s online business?model has often drawn criticism from local merchants, who claim?that the e-commerce giant is?training shoppers to find cheap deals online instead of supporting nearby?retailers. If that’s the case, Amazon’s push into local will not be a?slam dunk. However, if Amazon’s local marketplace is able to drive customers to local businesses, perhaps?this is?the olive branch that local retailers have been looking for?

Ambitious in new era

Among all the risks, we believe that the market should pay close attention to private enterprises, whose difficulties created economic and financial ripples throughout the market.