The conundrum facing Amazon boss Andy Jassy is that the e-commerce giant is trying to cut costs, close business lines and deliver the gains investors have come to expect while experimenting. It’s a way to always maintain the “first day” spirit.
Breaking tradition with predecessor Jeff Bezos, Jussy chose to join the company Financial results announcement try to explain again. The answer, as seen across the tech sector this year, is artificial intelligence.
We had little time to talk about Kuiper’s plans for healthcare and satellite projects. Jassy’s focus was on how AI could improve her corporate customer service on her AWS on Amazon cloud computing It is a long-term source of high-margin profits.
but first quarter result For the companies investing the most in their AI future, it shows that AI has yet to deliver much. As Jassy has pointed out in the past, creating large language models can cost billions of dollars. Earnings are nowhere to be seen for now. AWS revenue growth is trending downward. At 16% year-on-year, it’s growing slower than rivals Microsoft and Alphabet, but still maintains its market share lead. Operating margins have slumped to his lowest in five years. Growth is expected to slow again this quarter, a forecast that wiped out an after-hours rally in stocks.
Amazon It could have been more focused on how machine learning could improve its rapidly expanding advertising business. The success of the ad indicates that the company has the right to close other underperforming businesses. Shrinking the Halo division that sells health trackers makes sense in a saturated market.
There are more drastic changes possible. Amazon claims it wants to transform the customer experience when entering the sector. But six years after his Whole Foods deal, it’s hard to say that the lives of many grocery customers have changed. If Jassy wants cuts, why not completely reassess the physical store?
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The conundrum facing Amazon boss Andy Jassy is that the e-commerce giant is trying to cut costs, close business lines and deliver the gains investors have come to expect while experimenting. It’s a way to always maintain the “first day” spirit. Breaking tradition with predecessor Jeff Bezos, Jussy chose to join the company Financial results announcement try to explain again. The answer, as seen across the tech sector this year, is artificial intelligence. We had little time to talk about Kuiper’s plans for healthcare and satellite projects. Jassy’s focus was on how AI could improve her corporate customer service on her AWS on Amazon cloud computing It is a long-term source of high-margin profits. but first quarter result For the companies investing the most in their AI future, it shows that AI has yet to deliver much. As Jassy has pointed out in the past, creating large language models can cost billions of dollars. Earnings are nowhere to be seen for now. AWS revenue growth is trending downward. At 16% year-on-year, it’s growing slower than rivals Microsoft and Alphabet, but still maintains its market share lead. Operating margins have slumped to his lowest in five years. Growth is expected to slow again this quarter, a forecast that wiped out an after-hours rally in stocks. Amazon It could have been more focused on how machine learning could improve its rapidly expanding advertising business. The success of the ad indicates that the company has the right to close other underperforming businesses. Shrinking the Halo division that sells health trackers makes sense in a saturated market. There are more drastic changes possible. Amazon claims it wants to transform the customer experience when entering the sector. But six years after his Whole Foods deal, it’s hard to say that the lives of many grocery customers have changed. If Jassy wants cuts, why not completely reassess the physical store?
https://www.ft.com/content/03613bf3-acb4-40ec-8d19-41756b88c4d1 Amazon: It will take time to reap benefits from AI investments