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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...
Banking and FinanceCEO Agenda

Seven & i Holdings Charts Future Strategy, Steers Clear of Takeover Talks

On Thursday, Japanese conglomerate Seven & i Holdings unveiled its latest strategy, emphasizing the growth of its core 7-Eleven convenience store chain while sidestepping any discussion of the $47 billion acquisition proposal from Canada’s Alimentation Couche-Tard. During an investor presentation, the company outlined its plan to divest underperforming segments and...
CEO Agenda

Amazon Web Services CEO Defends Five-Day Office Mandate

At a recent all-hands meeting, Amazon Web Services CEO Matt Garman addressed employees regarding the company's upcoming five-day in-office requirement. Speaking at Amazon’s second headquarters in Arlington, Virginia, Garman made it clear that those uncomfortable with the new policy were welcome to seek employment elsewhere. He stressed that in-person collaboration...
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