Here's Amazon's full annual shareholder letter published by CEO Jeff Bezos on Thursday.
Jeff Bezos on Thursday published Amazon's annual shareholder letter, in which he called on rivals to match Amazon's pay and benefits.
Why did independent sellers do so much better selling on Amazon than they did on eBay? And why were independent sellers able to grow so much faster than Amazon's own highly organized first-party sales organization? There isn't one answer, but we do know one extremely important part of the answer: Much of what we build at AWS is based on listening to customers. It's critical to ask customers what they want, listen carefully to their answers, and figure out a plan to provide it thoughtfully and quickly . No business could thrive without that kind of customer obsession. But it's also not enough. The biggest needle movers will be things that customers don't know to ask for. We must invent on their behalf. We have to tap into our own inner imagination about what's possible.
We're also plunging into helping companies harness Machine Learning. We've been working on this for a long time, and, as with other important advances, our initial attempts to externalize some of our early internal Machine Learning tools were failures. It took years of wandering – experimentation, iteration, and refinement, as well as valuable insights from our customers – to enable us to find SageMaker, which launched just 18 months ago.
Since that first-generation Echo, customers have purchased more than 100 million Alexa-enabled devices. Last year, we improved Alexa's ability to understand requests and answer questions by more than 20%, while adding billions of facts to make Alexa more knowledgeable than ever. Developers doubled the number of Alexa skills to over 80,000, and customers spoke to Alexa tens of billions more times in 2018 compared to 2017. The number of devices with Alexa built-in more than doubled in 2018.
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.
Jeff Bezos To Give MacKenzie 25% Of His Amazon Stake, Worth Tens Of Billions, In DivorceWith 4% of Amazon’s stock, MacKenzie will become the third richest woman in the world.
Read more »
Jeff Bezos has an ambitious vision for Amazon in 1999 interview“There’s no guarantee that Amazon can be a successful company. What we’re trying to do is very complicated,” Jeff Bezos said in 1999. “Scale is important to us and we’re going to go after that kind of scale.”
Read more »
Jeff Bezos warns Amazon will have 'multibillion-dollar failures'Amazon CEO Jeff Bezos warned Thursday the company will have large, failed experiments in his annual shareholder letter.
Read more »
Jeff Bezos reaches divorce settlement, keeps 75 percent of couple's Amazon sharesThe powerful business executive and MacKenzie Bezos made separate announcements on Twitter.
Read more »
Jeff Bezos' ex-wife cedes control of Amazon in divorce dealMacKenzie Bezos, ex-wife of Amazon.com Inc founder and Chief Executive Officer J...
Read more »
Mackenzie Bezos says she is going to give Jeff 75% of her Amazon sharesTogether Jeff and Mackenzie Bezos own 78.8 million shares of Amazon, good for a 16.05% stake in the company.
Read more »
Jeff Bezos to keep 75% of couple's Amazon stock after finalizing divorceMacKenzie Bezos announces on Twitter that she and Jeff Bezos have completed the process of dissolving their marriage.
Read more »
Jeff Bezos Keeping 75% of Couple’s Amazon Stock in Divorce, All Voting RightsMacKenzie Bezos said on Twitter she will keep 25% of the couple’s Amazon stock and give up any interest in the Washington Post or space-transportation firm Blue Origin, as she dissolves her marriage with Jeff Bezos.
Read more »
Jeff Bezos to Retain Voting Control of Wife’s Amazon Shares After DivorceJeff and MacKenzie Bezos moved to formally end their 25-year marriage in a settlement that leaves the Amazon.com chairman and chief executive with voting control over Ms. Bezos’ stake in the company.
Read more »
Jeff Bezos to keep Amazon voting power after divorceAmazon.com Inc founder and Chief Executive Officer Jeff Bezos will retain voting...
Read more »
National Enquirer, accused of extortion by Amazon CEO Jeff Bezos, put up for saleNational Enquirer, accused of extortion by Amazon CEO Jeff Bezos, put up for sale.
Read more »