Amazon CEO Andy Jassy touts AI push in shareholder letter

United States News News

Amazon CEO Andy Jassy touts AI push in shareholder letter
United States Latest News,United States Headlines
  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 53%

Amazon CEO Andy Jassy touted the company's AI development and shed light on how it crafts AI products and services in his annual letter to Amazon shareholders.

Amazon CEO Andy Jassy outlined the e-commerce giant's approach to artificial intelligence development in his annual letter to shareholders released Thursday. Jassy wrote that Amazon aims to "empower builders, inside and outside of our company," with its approach to developing products and services for customers. He went on to characterize builders as "people who like to invent" and go through the process of iterative improvements to enhance an existing tool or experience.

AWS LAUNCHES PROGRAM TO BOOST AI AND TECH COMPETENCY FOR SMALL AND MEDIUM BUSINESSES He noted that, last fall, leading FM maker Anthropic announced it would use Trainium and Inferentia chips to build, train and deploy those models and that those chips are now into their second version with improved cost and performance.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FoxBusiness /  🏆 458. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Amazon CEO Andy Jassy takes a dim view of antitrust enforcementAmazon CEO Andy Jassy takes a dim view of antitrust enforcementAndy Jassy, the CEO of Amazon, tells CNBC that he thinks antitrust regulatory actions are “consuming a lot of time and taxpayers’ money.”
Read more »

Amazon CEO Andy Jassy spurns regulators after failed iRobot deal: 'It's a sad story'Amazon CEO Andy Jassy spurns regulators after failed iRobot deal: 'It's a sad story'Jassy said regulators' move to stop the iRobot deal shows they 'trust these two large Chinese companies with maps' of Americans' homes more than they do Amazon.
Read more »

Amazon's Jassy touts custom AI chips, NVIDIA stock dips pre-openAmazon's Jassy touts custom AI chips, NVIDIA stock dips pre-openAmazon's Jassy touts custom AI chips, NVIDIA stock dips pre-open
Read more »

Amazon CEO Andy Jassy in shareholder letter says he's committed to cost cutting while investing in AIAmazon CEO Andy Jassy in shareholder letter says he's committed to cost cutting while investing in AIAndy Jassy pledged to keep looking for ways to cut costs even as the company doubles down on investing in new growth areas like artificial intelligence.
Read more »

Crypto Firm Bakkt Shakes Up Leadership, Names Board Member Andy Main New CEOCrypto Firm Bakkt Shakes Up Leadership, Names Board Member Andy Main New CEODanny is CoinDesk's Managing Editor for Data & Tokens. He owns BTC, ETH and SOL.
Read more »

Shake Shack names Papa John's CEO as its new leader in CEO shakeupShake Shack names Papa John's CEO as its new leader in CEO shakeupShake Shack named a new CEO on Thursday, the first outsider to lead the company in its 20-year history. Rob Lynch, the current president and CEO of the Papa John’s pizza chain, will join Shake Shack’s board and become its CEO on May 20. Lynch succeeds Randy Garutti, who started what would become Shake Shack from a hot dog cart in New York in 2001.
Read more »



Render Time: 2025-02-23 18:58:44