#Jassy

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.