Articles for tag: AI, Amazon, Andy Jassy, AWS, cloud computing, earnings report, technology news

Market News

AI

Amazon CEO Andy Jassy emphasizes AWS’s advantage in the competitive AI landscape as Q3 earnings surpass expectations, boosting stock by 6%.

Amazon CEO Andy Jassy highlighted that Amazon Web Services (AWS) positions the company strongly in the competitive AI landscape. He emphasized AWS’s ability to effectively manage logistics for scaling AI initiatives, underlining that the company has the necessary experience to handle complex cloud operations. In Amazon’s third-quarter earnings report, the company surpassed Market expectations, leading ...

Market News

AI

Amazon CEO Andy Jassy reassures investors about AI investments, highlighting rapid growth and potential in generative AI amidst increasing spending.

Amazon CEO Andy Jassy spoke with CNBC on December 6, 2023, reassuring investors about the company’s investments in generative artificial intelligence (AI). Following a significant increase in Amazon’s capital expenditures, Jassy highlighted the success of Amazon Web Services (AWS), emphasizing that the company anticipates similar returns from its AI endeavors. Amazon plans to invest $75 ...

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