Andy Jassy

This past weekend saw a flurry of activity in the tech world, with major developments in AI and legal battles making headlines. From Elon Musk’s ongoing legal tussle with OpenAI to China’s ambitious AI funding, the tech landscape continues to evolve at a rapid pace. Here’s a quick...

Amazon.com, Inc. (NASDAQ:AMZN) CEO Andy Jassy has warned that President Donald Trump's new tariffs on Chinese imports could result in higher prices for consumers, as many of the company's third-party sellers are unlikely to absorb the additional costs. What Happened: "I understand why, I mean,...

Amazon.com, Inc. (NASDAQ:AMZN) CEO Andy Jassy gave some insight into the company's artificial intelligence strategy in his annual letter to shareholders released Thursday.  The Details: Jassy outlined the company's strategic focus on generative AI as a transformative force and emphasized its...

Amazon.com Inc's (NASDAQ:AMZN) latest earnings call sent investors into a brief panic, with shares slipping 4% post-report. But was it really thesis-changing? JPMorgan's Doug Anmuth doesn't think so. The big talking point? Amazon Web Services’ (AWS) growth trajectory and a single word from...

Amazon.com Inc (NASDAQ:AMZN) analysts weigh the impact of strong fourth-quarter results with weaker-than-expected first-quarter guidance and high CapEx guidance for 2025 after the company's latest financial results. The Amazon Analysts: DA Davidson analyst Gil Luria reiterated a Buy rating on...

Amazon.com, Inc. (NASDAQ:AMZN) may have edged out retail giant Walmart, Inc. (NYSE:WMT) in terms of quarterly revenue with its fourth-quarter earnings released Thursday.  The Details: Walmart, often dubbed "the world's largest retailer," has been the top revenue generator since 2012 when it...

Big Tech is going all in on artificial intelligence, with Amazon.com Inc (NASDAQ:AMZN), Meta Platforms Inc (NASDAQ:META), Microsoft Corp (NASDAQ:MSFT) and Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) pouring a record $320 billion into AI infrastructure in 2025. That's up from $246 billion in 2024,...

On Thursday, Amazon.com Inc. (NASDAQ:AMZN) CEO Andy Jassy spoke about how its AI-powered shopping assistant, Rufus, is improving search, personalization, and the overall shopping experience. What Happened: During Amazon's fourth-quarter earnings call, analyst Michael Morton asked Jassy about AI's...

Amazon.com Inc. (NASDAQ:AMZN) is aggressively expanding its artificial intelligence capabilities, with CEO Andy Jassy revealing during the company’s fourth-quarter earnings call that approximately 1,000 generative AI applications are either built or in development across its business units....

Amazon.com Inc. (NASDAQ:AMZN) plans to invest about $100 billion in artificial intelligence initiatives this year, placing it ahead of its competitors. What Happened: On Thursday, during Amazon's fourth-quarter earnings call, CEO Andy Jassy said the company's $26.3 billion spending in the last...

Amazon.com Inc (NASDAQ:AMZN) reported fourth-quarter financial results after the market close Thursday. Here are the key highlights. What Happened: Amazon.com reported fourth-quarter net sales of $187.8 billion, up 10% year-over-year. The net sales beat a Street consensus estimate of $187.3 billion...

Elon Musk's past comments may have scared away advertisers from his X social media platform, which he bought for $44 billion in 2022. A new report says two of the largest companies in the world could provide a boost to X's advertising revenue. What Happened: Musk's push for free speech and changes...

Amazon.com, Inc. (NASDAQ:AMZN) began enforcing its global return-to-office policy on Monday, but there have been some exceptions reported. Several Amazon locations have delayed the return to office due to lack of space and workers in some European countries appear to have more flexible working...

Amazon.com Inc. (NASDAQ:AMZN) has decided to terminate its secret project aimed at developing an at-home fertility tracker. The project, known internally as “Encore,” was part of Amazon’s Grand Challenge division. What Happened: The decision to disband the team working on the...

Amazon Inc. (NASDAQ:AMZN) CEO Andy Jassy has expressed his disdain for bureaucracy and announced plans to reduce managerial layers within the company What Happened: In a company-wide meeting on Tuesday, Jassy outlined the company’s decision to cut down on the number of managers. The...