Amazon CEO Andy Jassy Reassures Investors Over AI Investments as Spending Reached $22.6 Billion This Quarter
Amazon CEO Andy Jassy is working to ease investor concerns regarding the company's substantial investments in generative artificial intelligence (AI), emphasizing the anticipated long-term payoff. During Amazon's third-quarter earnings call, Jassy highlighted the parallels between Amazon Web Services (AWS) and its current AI investments. He referenced AWS’s journey, which, despite...