Companies are expected to spend $1 trillion on building up their generative AI capabilities. Yet no killer app—such as the ...
The massive capex comes as Amazon's cloud and AI rivals up their spending. Google-parent company Alphabet, said on its most ...
Amazon shares fall on struggle to keep up with AI demand despite plans for $100B in capital spending
Amazon shares dropped 4% on Friday after CEO Andy Jassy warned the company could face capacity constraints in its cloud computing unit — despite plans to spend $100 billion on capital ...
Amazon.com Inc. AMZN is aggressively expanding its artificial intelligence capabilities, with CEO Andy Jassy revealing during the company’s fourth-quarter earnings call that approximately 1,000 ...
In-depth Amazon coverage from the tech giant’s hometown, including e-commerce, AWS, Amazon Prime, Alexa, logistics, devices, and more. Amazon CEO Andy Jassy says the trends represented by ...
While Amazon’s generative AI efforts haven’t gotten as much attention as OpenAI’s ChatGPT—whose CEO Sam Altman was everywhere in Davos this week—Jassy said his company is building around ...
Amazon CEO Andy Jassy has expressed his admiration for Chinese AI startup DeepSeek, specifically praising its innovative training techniques and inference optimizations. He also highlighted the ...
Andy Jassy’s campaign to flatten Amazon’s middle management ranks has started rippling through the company, raising fears about the prospect of lean years and fewer promotions for experienced ...
Amazon CEO Andy Jassy attributes the company's streamlined decision-making process to his continued leadership. As Amazon plans to cut thousands of middle management positions by March 2025 ...
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