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slotvip bosku More than 60 high school students in Los Angeles County learned to use technology to make business plans in an after-school program, which ended last week with the Young Innovators Accelerator Pitch Competition. The after-school program took place at six across Los Angeles County. The centers are run by nonprofits in under-resourced neighborhoods with funding from the Best Buy Foundation, the Annenberg Foundation and the Greater Los Angeles Education Foundation (GLAEF), the philanthropic arm of the Los Angeles County Office of Education. The Teen Tech Centers aim to give area students a chance to play with the latest technology — and gain job skills in the process, according to Sam Gelinas, vice president of programs, strategy and development at GLAEF. The Young Innovators Accelerator Pitch Competition, now in its second year, furthers the focus on job skills, he said. “The process of developing a budget, developing all the assets, all of that stuff, they’re building some of those soft business skills, and then also some of the tech skills like actually designing a deck and those kinds of things,” Gelinas said. Curriculum and training for the program were provided by the Los Angeles Economic Equity Accelerator and Fellowship, a nonprofit based out of California State University, Los Angeles, Gelinas said. “The trainers were young and dynamic and sort of met students where they were and walked them through the elements of entrepreneurship,” he said. On top of learning to use technology to build a business plan, many of the students came up with services that center on tech. For example, the winning idea at last week’s competition was an artificial intelligence-driven ed-tech tool, pitched by 14-year-old Gabriel Cardenas. Called ByteAi, the tool would use AI to transform complex classroom subjects into “bite-sized” lessons, without telling students any answers, according to Cardenas, a freshman at the California Academy of Math and Science in Long Beach. “My teacher would give me an assignment, and it was really hard for me to completely understand what I really needed to learn,” Cardenas said. “With this, you could ask the AI to break it down and make it more understandable, and it would give you key highlights, quizzes and games.” Among the six business plans that made it to the competition last week, three others were also based on tech: a peer-to-peer mental health social app, an interchangeable lens camera with smart connectivity and auto focus, and an app to help people find healthy food options. Cardenas took home first place and $1,400 for ByteAi, while Tristen Trudgeon won second place and $1,000 for BeSeen, the mental health app. Third place and $600 went to a team of seven students for their pitch to create a community market where homeless people could work. Three other semi-finalists each received $150. Gelinas said he hopes the Young Innovators Accelerator Pitch Competition will continue to be an annual event. Funding for the program came from GLAEF, the Best Buy Foundation, Annenberg Tech and the Calley Foundation, he said.

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Companies like Amazon ( AMZN ) don’t become companies like Amazon without masterful innovation. Currently the world’s second-largest company by revenues ($575 billion to be exact), Amazon has been particularly adept at getting its customers the products they want faster than anyone else. The sheer breadth and availability of its inventory, along with the ease and speed of its delivery service, has enabled Amazon Prime to transform the way consumers shop. 💰💸 Don’t miss the move: SIGN UP for TheStreet’s FREE Daily newsletter 💰💸 Think about it. Before 2005, when Prime was launched, next-day delivery for e-commerce purchases was an almost unheard-of phenomenon, and even if a company could facilitate it, they would charge an arm and a leg to do it. Today, Amazon Prime counts 200 million subscribers on its “free” next-day delivery platform, so it’s safe to say that consumers are not only used to it — they’re addicted to it. What is the “Amazon Effect?” A term has even been coined to describe the Seattle-based retailer’s impact on modern society: The Amazon Effect. Because Amazon offers such low prices with such wide selection and so much convenience, many customers now do all of their shopping entirely online, choosing Amazon as their main department store, electronics center, grocery store, and even their pharmacy — unfortunately putting many mom-and-pop retailers out of business in the process. Powering Amazon forward are its technological advancements, like robots that lift and carry products to employees in fulfillment centers, thus streamlining the packing process, among other efficiencies. Similarly, Amazon has transformed the global supply network through an innovative infrastructure of warehouses, distribution facilities, and fulfillment centers that can deliver an endless variety of products the very same day that an order is placed. This has allowed Amazon to command nearly 40% of the e-commerce market in the U.S. — and it’s not quite done innovating yet, either. Related: Rivian jobs & what they pay: Compensation rivaling Tesla Through vertical integration, Amazon basically created its own supply chain , which helped to reduce its reliance on UPS and FedEx to deliver its goods. Amazon’s assets now include chartered container ships that move products from Asia to the U.S., for instance, as well as thousands of trucks, trailers, and even electric Rivian vans to transport goods across the country, right to customer’s doorsteps, contributing to its 220% increase in profits during the COVID-19 pandemic. But did you know that Amazon even owns a fleet of aircraft? View the original article to see embedded media. What is Amazon Air? Is Amazon Prime Air still a thing? Founded in 2015, Amazon Air is the company’s cargo airline. It exists solely to transport Amazon packages — about 450,000 per day, according to Amazon . Somewhat confusingly, Amazon Air used to be called Amazon Prime Air. The company changed its name in 2017, although aircraft still bear the Prime logo. Amazon Prime Air is now composed of a fleet of autonomous drones that make one-hour package deliveries within a limited geographic range. Currently, only customers in the College Station, Texas, and Phoenix, Arizona metro areas can choose this delivery method, but Amazon plans a wider rollout upon regulatory approval . More on airlines: How many airplanes does Amazon Air have? Amazon Air, on the other hand, is composed of 95 chartered or Amazon-owned jet aircraft: Boeing 737s, Boeing 767s, and Airbus A330s. The company’s first and main “Air Hub” is in Kentucky at The Cincinnati Northern Kentucky International Airport (CVG), an 800,000 square-foot-facility spread out over 600 acres that came with a $1.5 billion price tag when it was built in 2019. Related: UPS Pilots: What they do & how much they get paid Other hubs soon followed at the Fort Worth Alliance Airport (AFW) in Texas and the San Bernardino International Airport (SBD) in California. In 2020, its first international hub opened at the Leipzig/Halle Airport in Germany (LEJ), followed by the Rajib Gandhi International Airport (HYD) in Hyderabad, India. In all, Amazon Air planes transport packages to more than 50 destinations across North America, Europe, and Asia. What does Amazon Air do? Self-described as an “operational symphony,” the purpose of Amazon’s Air Hub cargo network is to transport Amazon packages from far-off fulfillment centers to the buyer’s region. While the majority (65%) of Amazon’s products can be shipped from an Amazon distribution center directly to a customer in one day or less, aircraft are used to transport niche products like footwear, jewelry, auto parts, and electronics. Here’s an overview of the process : Each Air Hub is equipped with Amazon’s latest technology, and, Amazon boasts, much of its equipment is powered by electricity. MarcelX42, CC BY-SA 4.0, via Wikimedia Commons What do Amazon Air employees do? Although Amazon does not provide specifics on its current Amazon Air employee headcount, it is estimated that the company will eventually hire more than 15,000 employees for this division in total; currently, at least 4,500 people work in its Kentucky Air Hub alone. Positions include loading and unloading delivery trucks and airplanes, preparing packages for sortation, and loading packages onto containers. Does Amazon Air pay well? Amazon’s compensation varies by location, but according to Glassdoor, which uses machine learning to collect and analyze user and government data to compile its salary estimates, the pay range for an Amazon Air Associate is between $19–$31 per hour, with an average pay of $25 per hour. Amazon Air is actively hiring .Microchip Technology revises revenue outlook, plans fab closure; shares drop

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