Amazon, and Jassy
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Amazon, Cloud Business
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When Jeff Bezos stepped down as Amazon's chief executive in July 2021, many assumed he would gradually retreat from the business world. Instead, the billionaire shifted his attention to a broader portfolio of ambitious ventures while remaining Amazon's executive chairman.
Amazon (NASDAQ: AMZN) CEO Andy Jassy isn't being subtle about where he thinks the AI chip market is headed. In his 2025 annual letter to shareholders (1) published Thursday, Jassy made his most pointed comments yet about Amazon Web Services' growing ...
Jeff Bezos on Friday became the world’s third-richest person once again, reclaiming the ranking from Google co-founder Sergey Brin as Amazon’s stock accelerated at its fastest pace in four years, following a hotter-than-expected earnings report.
If Amazon is going to see a return on its AI investments, shareholders will need to have patience for the next several years.
Amazon Web Services showed quarter-over-quarter growth that was 80% more than its prior largest increase, Amazon CEO Andy Jassy told investors on Thursday. The cloud business recorded $42.2 billion in revenue,