Daily Insights:

Jeff Bezos has reclaimed the title of world's richest man from Tesla CEO Elon Musk, who held it for six weeks. Both men have a net worth of at least $190B. (Click to Tweet).

India's Enforcement Directorate will look into the findings of a Reuters investigation, which revealed Amazon favored large sellers on its platform and used them to circumvent rules intended to protect smaller sellers. A senior official told Reuters the revelation “is not entirely new for us,” but wouldn't provide additional details.

More:

• India’s Enforcement Directorate is already investigating Amazon for an alleged violation of its foreign investment rules. These investigations normally take years, and findings are rarely disclosed to the public.
• Indian retailers, who are a key component of Prime Minister Narendra Modi's support base, have repeatedly accused Amazon of violating federal laws and implementing measures that harm small businesses.
• A spokesperson for Modi's Bhartiya Janata Party pledged that “any predatory policy, deep discounting ... will not be tolerated by the government. "
• On Wednesday, Amazon called the Reuters report "unsubstantiated, incomplete, factually incorrect."
• Amit Agarwal, head of Amazon's Indian operations, called the report a distraction in an internal email.
• The Confederation of All India Traders, which accounts for 80 million retailers in the Asian nation, called for Amazon to be suspended in the country.

German automaker Daimler has chosen Amazon Web Services (AWS) to support upcoming tests of its self-driving trucks. Daimler's subsidiary Torc Robotics is aiming to achieve Level 4 self-driving technology, which means a vehicle can operate without human intervention.

More:

• Torc is planning to test its self-driving trucks in New Mexico and Virginia.
• Torc's vehicle automation software aggregates and analyzes large amounts of raw data. AWS will equip Torc's engineers with tools to perform tests and simulations.

Amazon's other automotive projects:

• Amazon is an investor in Aurora Innovation, a startup that's developing self-driving technology and electric vehicles.
• In December, Amazon and Blackberry built a cloud-based software platform that enables automakers to streamline vehicle sensor data.
• AWS and BMW built a data hub in December to help the automaker improve its efficiency.

Amazon CEO Jeff Bezos reclaimed his title as the world's richest person from Tesla CEO Elon Musk. Tesla shares fell by 2.4% on Tuesday, knocking $4.5B from Musk's net worth, which now stands at $190B. Bezos' net worth is $191B.

More:

• The majority of Bezos' wealth is tied to his Amazon stock, which surged by 76% in 2020, as e-commerce sales rose during the COVID-19 pandemic.
• Musk overtook Bezos to become the world's richest person in January and held the title for six weeks. Bezos had previously held it since 2017.
• Last August, Bezos became the first person in history to have a net worth of $200B.
• Earlier this month, Bezos announced he would step down as Amazon CEO. He was recently named the top philanthropist in the U.S. in 2020 after he donated $10.1B.
• Bezos established the $10B Bezos Earth Fund for environmental efforts, which made up the bulk of his donations last year. 

3,853 Amazon employees in the U.K. were given false COVID-19 test results. Employees had tested negative but were informed they had tested positive and ordered to self-isolate.

More:

• Employees were temporarily sent home, until Amazon investigated the issue and notified them of the error.
• No Amazon employee who tested positive was incorrectly told they were negative.
• Since October, Amazon has privately tested its employees and sent the results to Public Health England, which shares it with the National Health Service's Test and Trace program.
• This isn't the first time the $30B government-backed-program has encountered issues. At the height of the pandemic, it  was overwhelmed as it had to "contact nearly triple the number of infected people."
• During the pandemic, Amazon has hired lab technicians that perform tens of thousands of COVID-19 tests at hundreds of warehouses, across the world.

QUICK HITS:

• Thinking about investing in real estate? Distressed real estate markets provide tons of opportunity for savvy investors. Learn about investing in Caliber.*
• RJ Scaringe, the CEO of Amazon-backed Rivian, demonstrated the company's new R1T electric pickup.
• Walmart announced it would raise the hourly wage for 425,000 U.S. employees to $15/hour. Amazon raised the minimum wage for all U.S. employees to $15/hour in 2018.
• A pledge by Canadian Prime Minister Justin Trudeau that looks to impose federal sales tax on specific goods in Amazon warehouses would generate $600M in additional tax revenue over five years.
• Why shouldn’t all investors have access to the best investing opportunities? Enter Titan, an elite investment manager for everyone.*

*This is sponsored content.