In his annual letter to shareholders, Amazon CEO Andy Jassy touted the transformative potential of generative AI while also committing to ongoing cost-cutting measures.
The Wall Street Journal reports that Andy Jassy, CEO of tech and e-commerce giant Amazon, proclaimed in his 2024 letter to shareholders that generative AI could usher in the largest technological transformation since the rise of cloud computing and the internet itself. Jassy sees AI as a critical building block for Amazon’s next major growth pillar, following the successes of its online Marketplace, Prime subscription service, and Amazon Web Services cloud division.
“Generative AI may be the largest technology transformation since the cloud (which itself, is still in the early stages), and perhaps since the Internet,” Jassy wrote. “This GenAI revolution will be built from the start on top of the cloud….
