CEO Andrew Jassy reported strong growth across Amazon's business for the quarter, citing $180.2 billion in revenue, a 12% year-over-year increase excluding foreign exchange rates. Operating income ...

Amazon’s CEO has finally spoken up about the company’s 14,000 layoffs earlier this week, and he claims the motive was not at all financial. Speaking during the company’s quarterly earnings call ...

Earlier this year, Amazon CEO Andy Jassy told investors that artificial intelligence would “change the way our work is done.” It turns out, that wasn’t just a CEO being optimistic about how technology ...

Amazon’s network includes millions of third-party sellers who are either in China or whose products originate from there.

This Monday, July 5, marks a new stage in the history of the ecommerce giant, since its founder, Jeff Bezos, will leave the position of CEO of Amazon in the hands of his successor, Andy Jassy. After ...

Amazon chief executive Andy Jassy’s explanation for why the company is cutting 14,000 employees? Not money. Not even AI, but “culture.” The layoff announcement this week was “not really financially ...

Nvidia's benefited greatly from the AI boom, thanks to the strength of its chips. The company has won that bet, as we can see through its revenue, climbing in the double- and triple-digits in recent ...

Can any company, big or small, really topple Nvidia’s AI chip dominance? Maybe not. But there are hundreds of billions of dollars of revenue for those who can even peel off a chunk of it for ...

Amazon CEO Andy Jassy dropped an AI bombshell on employees today, announcing that Rohit Prasad—who has led Amazon’s so-called AGI (artificial general intelligence) team since 2023, overseeing the ...

Amazon shares touched a record high Friday, rising over 9%, after strong quarterly results that were driven by its growing cloud business – AWS—which saw a double-digit jump in sales to $30 billion.

"The announcement that we made a few days ago was not really financially driven and it's not even really AI driven, not right now at least," Jassy said. "It really, it's culture." Jassy admitted that ...

"If you look at our entire grocery business, if I don't even count Whole Foods Market and fresh in the last 12 months to over $100 billion of gross merchandising sales, which would make us a top three ...