Amazon does not plan to host its re:MARS convention on cutting-edge applied sciences like robotics and area this yr, the corporate confirmed on Friday. It would incorporate the topics into its current lineup of Amazon Net Companies occasions.

The tech large launched re:MARS, which stands for “Machine studying, Automation, Robotics, and Area,” in 2019 as a manner for startups, lecturers, researchers and executives to debate the newest developments in these applied sciences. It morphed out of a personal, invite-only model of the occasion, referred to as Mars, that attracted tech elite and was hosted by Amazon founder and government chairman Jeff Bezos.

The choice to cancel re:MARS was not made for budgetary causes, Amazon mentioned.

Amazon CEO Andy Jassy has been taking a tough take a look at prices throughout the corporate because it confronts slowing gross sales progress and a dismal financial outlook. The corporate has undergone the biggest layoffs in its historical past and Jassy has reduce various initiatives, together with the Amazon Care telehealth program, touring “treasure truck,” Glow kids’s videoconferencing system and Discover digital excursions service.

Amazon used re:MARS to highlight a few of its futuristic improvements, similar to supply drones, warehouse robots, and its first dwelling robotic. Bezos additionally held talks on area colonization, and examined out a pair of large remote-controlled robotic palms. Ultimately yr’s convention, Amazon demonstrated a characteristic the place its Alexa digital assistant impersonated a deceased relative.

An Amazon Net Companies spokesperson advised CNBC in a press release: “AWS hosts lots of of 1000’s of shoppers and companions yearly at lots of of occasions around the globe. These occasions present a useful alternative to attach with our clients. Their time is treasured and we take significantly the duty to make every occasion priceless for each attendee, whether or not that is by means of creating new abilities, figuring out new options that may remodel a company, or constructing new connections that may advance a profession. We consulted with clients and the group as at all times, and for 2023, determined to include re:MARS subjects — machine studying, automation, robotics, and area — right into a well-funded lineup of current AWS occasions.”