Andy Jassy likens Amazon to the world’s largest startup
Amazon sees itself as the world’s largest startup
Aggressive AI investments are key to future growth
CEO Andy Jassy continues to advocate for in-person working
Emphasizing how aggressive investments into artificial intelligence can realize long-term financial gains, Amazon CEO Andy Jassy noted in his most recent shareholder letter that the ecommerce and cloud computing giant intends to spend over $100 billion on capital expenditure in 2025, with most of it going to AWS AI projects.
He described the tech as a “once-in-a-lifetime reinvention of everything we know,” with promises to revolutionize everything from customer experiences to workplace productivity.
The letter came around two months after the company posted its fourth-quarter and year-end financial results for 2024, with total revenue up 11% year-over-year to $638 billion.
