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The Latest Breaking News from Andy Jassy

AI And Cloud In Spotlight As Big Tech Earnings Roll Out

US tech giants saw their shares fluctuate this week as investors tried to gauge whether artificial intelligence will fill coffers or drain them. Apple and Amazon on Thursday were the latest titans to see quarterly earnings scrutinized over how their core businesses are doing and whether cloud and AI strategies…

International Business Times

Amazon CFO blames weak sales forecast on shoppers distracted by Trump assassination attempt and Olympics

Rather than seeking comfort in clicking the "buy" button, shoppers are apparently reacting to the roller-coaster news cycle by spending less.

Fortune

Jeff Bezos' famed management rules are slowly unraveling inside Amazon. Can they survive the Andy Jassy era?

More than three years after Bezos passed the CEO baton to Jassy, and as Amazon marks its 30th birthday, there are signs that the company's unique work culture is starting to fray.

Fortune

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Amazon CEO Andy Jassy says you don’t have to be nice to earn your peers' trust

Want to earn the trust of your boss and peers? Sucking up to them won’t do the trick, says Amazon’s CEO Andy Jassy.

Fortune

Hi Alexa, Amazon's Echo device team isn't convinced a new subscription service and refreshed personal assistant will save the company from the billion in losses

Amazon lost over $25 billion in its device business between 2017 and 2021. The losses cut across its Echo devices and other products, including Kindles, Fire TV Sticks, and video doorbells.

Windows Central

Glen Powell isn’t letting billion-dollar Hollywood hits stop his plans to graduate college

'Twisters' and 'Top Gun: Maverick' actor Glen Powell is now juggling his booming career with studying at the University of Texas.

Fortune

Amazon CEO Andy Jassy says whether you’re ‘ravenous’ about one thing will determine if your career is a success or stagnates

In Amazon’s CEO Andy Jassy’s experience, those who seek to improve themselves continuously are the ones who see their careers fly.

Fortune

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Amazon Prime Day Investment Challenge: Buy Stocks As Shares Trade 6X Cheaper Valuation Vs. June 2023

Amazon's price-to-earnings ratio was 53.98 as of July 15, compared to 309.88 in late June 2023. The company is rapidly reducing operational costs through robotics, AI integration, and improving worker safety.

International Business Times UK

Jeff Bezos Commends Trump After Rally Shooting In Pennsylvania

Jeff Bezos breaks social media silence to commend Trump for handling rally shooting incident in Pennsylvania.

Top News

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

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

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International Business Times UK

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

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.

Fortune

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.

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news in one place.

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TechRadar

AWS CEO Adam Selipsky is stepping down

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

Reason

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.

Barchart

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.

Kiplinger

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.

TechRadar

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.

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.

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