Amazon CEO Justifies Large AI Investments As 'Once-In-A-Lifetime Reinvention Of Everything We Know'

Amazon.com, Inc. (NASDAQ:AMZN) CEO Andy Jassy gave some insight into the company's artificial intelligence strategy in his annual letter to shareholders released Thursday. 

The Details: Jassy outlined the company's strategic focus on generative AI as a transformative force and emphasized its potential to “reinvent virtually every customer experience.” 

He highlighted the need for substantial capital to secure AI chips and build data centers, calling these investments “proactive” and beneficial for customers, shareholders and long-term growth. 

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"We continue to believe AI is a once-in-a-lifetime ...

https://www.benzinga.com/news/management/25/04/44746436/amazon-ceo-justifies-large-ai-investments-as-once-in-a-lifetime-reinvention-of-everything-we-know