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The Latest Breaking News from Andy Jassy

AWS results impress again to boost Amazon profits

AWS cloud revenue soars again thanks to artificial intelligence, but so do operating costs.

TechRadar

Amazon Posts Q2 Figures: Revenue Up 11% YoY To $134.4 Billion, Beating Estimates

Operating income totals $7.7 billion, up from $3.3 billion in Q2 2022; operating cash flow increases 74% YoY to $61.8 billion.

Zenger

Andy Jassy summed up Amazon's A.I. gameplan: A.I. everywhere

During the online retail giant's earnings call, CEO Andy Jassy outlined a broad vision for A.I.

Fortune

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Amazon reports positive Q2 2023 earnings, rides high on AWS and ads

Amazon reported $134.4 billion in revenue for Q2 2023 earnings. The company expects additional growth for Q3 2023.

Android Central

Amazon exec says it’s time for RTO: ‘I don’t have data to back it up, but I know it’s better’

“We’re here, we’re back. It’s working,” Mike Hopkins, Amazon Studios head, said in a meeting, before acknowledging a lack of evidence.

Fortune

Amazon may have met its match in the grocery aisles

Amazon laid off workers at its brick-and-mortar grocery stores last week — the latest sign of the e-commerce giant's struggles to stand out in the competitive grocery landscape.

WEKU

Amazon CEO Andy Jassy dismisses Microsoft and Google A.I. ‘hype cycle,’ says Amazon has a ‘substance cycle’

Amazon’s A.I. strategy is to turn itself into a major player across the entire A.I. supply chain.

Fortune

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Amazon CEO Andy Jassy On Chinese Competition, Prime Day And More

E-Commerce behemoth Amazon

Zenger

Has Amazon Stock Peaked? - Not if You Believe Its CEO Who Says Amazon Is Focused on AI

Amazon stock may not have peaked if you believe Andy Jassy who believes its AI chips give it an advantage over competitors. One way to play this is to short out-of-the-money puts for income.

Barchart

Amazon Wants Your Local Coffee Shop to Do This; Here's Why That's a Bad Idea

The company is launching a program that it hopes will improve this key service

The Street

Amazon intends to invest $15 billion more in India, says CEO Andy Jassy

‘We have invested $11 billion in India till date and intend to invest another $15 billion, which will bring the total to $26 billion. So we are very much looking forward to future of partnering,’ said the Amazon CEO

The Hindu

WFH triumphs over RTO: A third of Americans continue to work from home

Despite many executives’ attempts to get workers back at their desks, remote work remains a fixture of the workforce.

Fortune

Bernie Sanders launches investigation into working conditions at Amazon

Senator seeks information about ‘systematically underreported’ injury rates and turnover at US’s second-largest employer

The Guardian - US

Balancing Profitability And Entertainment: Amazon Considers Launching Ad-Supported Prime Video Tier

Advertisers expressed interest in Amazon offering an ad tier for Prime Video service, likely to inspire other streaming platforms

Zenger

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news in one place.

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The Street

Wall Street Analyst: Amazon Fulfillment to Help Boost Stock by 30%

Shipping and fulfillment upgrade should favor Amazon share price, Wells Fargo reports.

Fortune

Wall Street analyst tells Amazon CEO to go back to basics in brutal letter

Bernstein analyst Mark Shmulik has ripped apart Amazon’s plans for broadband and health care, saying the business needs to focus on areas which are guaranteed wins.

The Street

Amazon Stock Jumps As Wells Fargo Reveals Bullish Rating, Price Target

Amazon could see a return to pre-pandemic profit margins sooner than Wall Street forecasts, said Wells Fargo analyst Ken Gawrelski.

Fortune

Amazon is unfazed by remote workers protesting its return-to-office mandate: ‘There’s more energy, collaboration, and connections happening’

"It’s going to take time to adjust back to being in the office more," a spokesman said after a walkout this week.

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The Street

Amazon May Shake Up the Wireless World

The e-commerce giant is reportedly in negotiations to offer free wireless to the subscribers of its Prime service.

The Street

Mark Zuckerberg Makes a Bold Move

Meta Platforms, the tech billionaire's social media empire, is asking employees to come back to the office.

The Street

Mark Zuckerberg Moves to Kill a Pandemic Habit

Meta Platforms, the tech billionaire's social media empire, is asking employees to come back to the office.

The Street

Amazon May Have a New Way to Attract Customers

The e-commerce giant is reportedly in negotiations to offer free wireless to the subscribers of its Prime service.

The Street

Amazon May Offer Free Mobile Service

The e-commerce giant is reportedly in negotiations to offer free wireless to the subscribers of its Prime service.

The Street

Amazon Tests a Major Change to Its App (Yours May Display It Now)

Consumers might find they can locate items with ease.

Tribune News Service

Amazon’s answer to ChatGPT seen as incomplete

Amazon.com Inc.’s cloud customers are clamoring to get their hands on the ChatGPT-style technology the company unveiled six weeks ago. But instead of being allowed to test it, many are being told to sit tight, prompting concerns the artificial intelligence tool isn’t fully baked.

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People

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