#Jassy

AWS grew 39% and free cash flow fell to minus $42.4bn. Andy Jassy says Amazon will spend even more on AI in 2027.

Alexa for Shopping had 400m+ users in a year, Amazon says. Jassy calls outside AI shopping agents ‘still not great, nor more convenient’.

Amazon wants to be the king of AI cloud computing and become the first $1 trillion revenue business. But to do that it will have to continue on its capex spending spree, its CEO said Thursday.

Amazon will spend meaningfully more than $220 billion on AI infrastructure in 2027 even as free cash flow sinks.

Andy Jassy projects AWS to reach trillion-dollar revenue within a decade, backed by massive capital expenditures earmarked for cloud and AI infrastructure

Amazon CEO Andy Jassy told the a16z Show that AWS capacity is sold out for this year and largely for 2027, with a good chunk of 2028 gone too.…

CEO Andy Jassy said Amazon’s massive AI spending reflects a once-in-a-generation opportunity and will ultimately reward investors.

Amazon's grocery business is growing fast, bringing in more than $150 billion in sales last year.

Amazon's Leo will be "six times better on the uplink performance than existing alternatives," CEO Andy Jassy said.

Amazon plans to sell Trainium AI chips to external customers, putting the cloud giant in competition with Nvidia, a major supplier.

The e-commerce giant is making more money than expected from AWS but it's also spending a lot, and will continue to do so in the near term, its chief executive said.

Amazon adds AWS infrastructure VP Prasad Kalyanaraman to its S-team and promotes Dave Brown to SVP of compute and ML services. CEO Andy Jassy praises their delivery and customer focus amid AI-driven growth and recent leadership churn.