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The Latest Breaking News from Andy Jassy

Amazon’s $20 billion NBA deal isn’t riskless. But it’s close

From big-brand advertising to cross-promotion and Prime membership retention, Amazon's pricey bet on live basketball streaming has plenty of upside and limited downside risk.

Fortune

Jeff Bezos, Andy Jassy, and the next 30 years of cadabra

Will Amazon, founded 30 years ago today, be able to continue the magic for another three decades—and address its big challenges?

Fortune

Amazon is mimicking the wrong company with rumored ‘Remarkable Alexa’ subscription

"Remarkable Alexa" is coming as a paid service, joining Google One AI Premium, Copilot Pro, ChatGPT Plus, and others.

Android Central

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Why a log of redacted Signal messages shines a light on Amazon’s glass ceiling

The tech industry is working to fix the longstanding lack of diversity in its senior ranks, but the problem continues to manifest itself again and again.

Fortune

Roger Federer tells Dartmouth grads that talent will only get them so far

“You can work harder than you thought possible and still lose,” tennis star Roger Federer warns Gen Z grads.

Fortune

Top Warren Buffett-Backed Companies to Watch in 2024

Warren Buffett's Berkshire Hathaway invested heavily in Apple, Amazon, and Chubb in this new decade. A massive stake in Chubb was kept a secret until recently.

International Business Times UK

Amazon To Overhaul Alexa With AI And Customers Should Brace For Monthly Subscription Fees

The tech giant will be launching a "more controversial" version of Alexa in the present year. Perhaps, it would be competing with other tech giants who have their own AI-powered chatbots.

International Business Times

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Barbara Corcoran’s top advice for Gen Z grads: Forget about the best pay, choose the best boss

Although a job may look great on paper now, in the long term a lack of learning opportunities or an unsupportive boss could lead to career stagnation, according to the "Shark Tank" star.

Fortune

Amazon CEO Andy Jassy: An ‘embarrassing’ amount of your success in your 20s depends on your attitude

But aspirational workers need to follow through on a can do attitude with action, Jessy added.

Fortune

AWS CEO Adam Selipsky is stepping down

AWS confirms Matt Garman as new CEO as Adam Selipsky steps down with immediate effect.

TechRadar

Labor Board Goes After Amazon CEO for Suggesting Workers Might Be 'Better Off' Without Unions

The First Amendment applies even to the CEOs of successful companies, but the NLRB seems to disagree.

Reason

Amazon Stock: The Best Is Yet to Come as GenAI Fuels Next Leg of Growth

The best is yet to come for Amazon as the e-commerce giant positions itself as a prominent AI player and benefits from the growing adoption of GenAI.

Barchart

Amazon Stock Jumps as Cloud Growth Fuels Blowout Quarter

Amazon beat expectations for the first quarter and the Dow Jones stock is soaring. Here's what you need to know.

Kiplinger

AWS Q1 growth pushes ahead as cloud revenue soars

Amazon just had another great quarter thanks to AWS (and AI), and CEO Andy Jassy reckons the best is yet to come.

TechRadar

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The Guardian - US

Amazon sales soar with boost from artificial intelligence and advertising

Revenue at Amazon Web Services increases to $25bn as retail giant releases earnings report surpassing Wall Street expectations

International Business Times

Amazon Triples Quarterly Profit As Cloud Surges

E-commerce titan Amazon on Tuesday said profit in the first three months of 2024 tripled as its cloud, ads, and retail businesses thrived.

TechRadar

AWS retires Snowmobile data in a lorry scheme

Amazon pulls its Snowmobile cloud migration truck off the road, citing inefficiencies compared with modern solutions.

TechRadar

Amazon CEO says GenAI may be the biggest technology transformation since the cloud

Amazon CEO Andy Jassy says Generative AI is the next digital revolution, and it’s being likened to the cloud but with a far easier transition.

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Kiplinger

Amazon Eyes $2 Trillion Market Cap as CEO Talks AI, Cost Cuts

Amazon CEO Andy Jassy thinks there’s "a long way to go" in all of its businesses and that could be good for investors.

International Business Times

From iRobot To Antitrust Battles: Amazon CEO Speaks Out On Regulatory Challenges

Amazon CEO criticizes regulatory obstacles, lamenting the fallout from the failed iRobot acquisition and calling for a more balanced approach.

Barchart

Up 19% YTD, How High Can Amazon Stock Go in 2024?

Amazon stock has continued its good run in 2024, and is already up 19% for the year. The stock could still rise from these levels, given its reasonable valuations and strong earnings outlook.

TechRadar

AWS sees another record year for Amazon as AI push drives cloud growth

A big year for generative AI saw Amazon Web Services post considerable revenue increases once again.

Android Central

Amazon enjoyed a strong Q4 thanks to record-breaking holiday sales

Amazon released its Q4 earnings for 2023, and it looks like it had a great closing for 2023.

Fortune

Amazon's Andy Jassy calls predecessor Jeff Bezos the ‘most unusual business leader of our era’

Jassy took over for Bezos in July 2021, inheriting overzealous plans he’s worked to scale back.

Fortune

Amazon's hundreds of reported job cuts show the tech giant bit off more than it could chew with streaming and movies

Amazon cuts jobs in its entertainment divisions as it undergoes a reckoning with its media business.

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