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Amazon Q3 Results: CEO Jassy Will Keep Spending To Meet AI Demand

Amazon.com plans to continue spending on capacity to meet demand for artificial intelligence and cloud products.

Jassy talks up 'meeting or beating' other retailers, expanding in groceries, rural areas

During Amazon's earnings call, Chief Executive Andy Jassy said the e-commerce giant was committed to "meeting or beating ...

Amazon to cut 30,000 corporate jobs — 9% of worldwide office workforce: report

The sweeping layoffs mark another major contraction under CEO Andy Jassy, who has slashed tens of thousands of roles since ...

What is Rufus chatbot in Amazon app that CEO Andy Jassy says will generate an additional $10 billion in annual sales for the company

Amazon CEO Andy Jassy projects Rufus, the AI shopping assistant, will drive over $10 billion in annual sales. Launched in ...

The AWS acceleration may only be getting started

Accelerating a business at the scale of AWS, which has an $132 billion annualized run rate, is no easy feat, President and ...
Investor's Business Daily on MSN

Nvidia Rises As Amazon's Andy Jassy Touts 'Deep Relationship'; Is Nvidia A Buy Or Sell Now?

Nvidia stockNVDA was rising on Friday after AmazonAMZN confirmed its capital expenditure plans and delivered robust quarterly ...
Retail Dive

AI will accelerate the end of brick and mortar’s reign: Amazon CEO

In any case, despite the current dominance of brick and mortar, e-commerce will ultimately take over, and AI is making that ...

'Very excited' about agentic commerce

Amazon CEO Andy Jassy said that he was "very excited" about so-called agentic commerce — that is, when AI bots help humans ...