tech:

taffy

Kindle Users Get Borrowed (Read ‘Free’) Books

By Lisa Carlin

Amazon has come up with a quite clever scheme to push its Amazon Prime subscriptions to users, and also chalk up Kindle sales in the process. The company has launched a new Kindle owners’ lending library, which lets Kindle users borrow a book once a month, and read it for as long as they like. The company is not charging anything extra for this added service. For end users, this means in effect they get a book free for every month – there is not much difference between owning a e-book and being able to borrow an e-book indefinitely. The lending library includes thousands of books, including over 100 current and former New York Times bestsellers.

Titles in the Kindle Owners’ Lending Library come from a range of publishers under a variety of terms, says Amazon. For the vast majority of titles, Amazon has an agreement with publishers to include titles for a fixed fee. In some cases, Amazon is purchasing a title each time it is borrowed by a reader under standard wholesale terms as a no-risk trial.

Prime Subscribers pay a $79 yearly fee, and get a free two day shipping on purchases from Amazon. They also get access to free TV and movie streaming of titles from Amazon’s digital library. Standard shipping is free with Amazon, but standard shipping takes five to seven  days.

You may also be interested in reading: Amazon 3Q 2011 Income Sank 33 Per Cent

(Lisa Carlin writes on gadgets and geeky things for techtaffy.com. She can be reached at [email protected])

Just in

Tembo raises $14M

Cincinnati, Ohio-based Tembo, a Postgres managed service provider, has raised $14 million in a Series A funding round.

Raspberry Pi is now a public company — TC

Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at £2.80 per share, valuing it at £542 million, or $690 million at today’s exchange rate, writes Romain Dillet. 

AlphaSense raises $650M

AlphaSense, a market intelligence and search platform, has raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partners.

Elon Musk’s xAI raises $6B to take on OpenAI — VentureBeat

Confirming reports from April, the series B investment comes from the participation of multiple known venture capital firms and investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz (A16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, writes Shubham Sharma. 

Capgemini partners with DARPA to explore quantum computing for carbon capture

Capgemini Government Solutions has launched a new initiative with the Defense Advanced Research Projects Agency (DARPA) to investigate quantum computing's potential in carbon capture.