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Jassy - 3 Andy Jassy - 2 hasn't - 1 There's - 1 Brian Olsavsky - 1 Olsavsky - 1 it's - 1 Jim Cramer's - 1
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Microsoft - 3 AWS - 3 Web Services - 2 Amazon - 2 CNBC - 2 Revenue - 1 LSEG - 1 Walmart - 1

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4 mentions found


☆ Here's why Amazon's messy second quarter doesn't change our outlook on the stock
  + stars: | 2024-08-01 | by ( Jeff Marks | ) www.cnbc.com   time to read: +9 min
With AWS humming and management identifying more ways to lower its cost to serve, Amazon's profitability story is still intact. Olsavsky said the profitability of North America stores improved quarter over quarter, driven by further improvements in its cost to serve. The company expects net sales of $154 billion to $158.5 billion, an increase of 8% to 11% year over year. The high end of guidance captures the consensus of $158.2 billion, but it's a miss on the analysts' consensus of $156.25 billion. Management expects operating income of $11.5 billion to $15 billion, which at a midpoint of $13.25 billion misses the consensus of $15.34 billion.
Persons: hasn't, Andy Jassy, Jassy, There's, Brian Olsavsky, Olsavsky, it's, Jim Cramer's, Jim Cramer, Jim, Michael Kappeler Organizations: Revenue, LSEG, Walmart, Target, Microsoft, Web Services, AWS, North, Amazon, Management, CNBC, Getty Locations: North America, Manhattan
☆ Amazon's amazing turnaround: How Andy Jassy secretly wooed Wall Street and overhauled a bloated tech giant
  + stars: | 2024-07-08 | by ( Eugene Kim | ) www.businessinsider.com   time to read: +14 min
This person is one of over a dozen Amazon employees, investors, and analysts that BI interviewed to better understand Jassy's first 3 years as CEO. Andy Jassy replaced Jeff Bezos (pictured here) as Amazon's CEO in July 2021. In his first 3 years as CEO, Jassy has lost many senior staff. Amazon's spokesperson said the company has "strong retention and continuity" among senior leaders. Amazon's spokesperson said the company is making "huge investments" in AI across AWS and the retail business.
Persons: —, Andy Jassy, Jeff Bezos, Jassy, Bezos, EMMANUEL DUNAND, Mark Shmulik, Bernstein, Bernstein's Shmulik, He's, Shmulik, Amazon's, That's, spokespeople, Jassy doesn't, Doug Herrington, Jay Carney, Dave Limp, Adam Selipsky, Dave Clark, Clark, Ted S, Babak Parviz, Parviz, Mark Mahaney, We're, Jeff Organizations: Service, Business, Amazon, Washington Post, BI, Warren, Echo, Microsoft, AWS Locations: Seattle
☆ Amazon CEO explains how the company will compete against Microsoft, Google in AI race
  + stars: | 2023-07-06 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com   time to read: +2 min
Amazon CEO Andy Jassy doesn't believe the retail and cloud computing giant should be counted out of the artificial intelligence race just yet. Jassy has said Amazon intends to invest in AI across the company, and that AI programs have the potential to improve "virtually every customer experience." Earlier this year, AWS unveiled a generative AI service called Bedrock, where clients can use language models from Amazon and other startups to develop their own chatbots and image-generation services. AWS has also developed its own AI-specific chips, called Inferentia and Trainium, which aim to make it easier for developers to run large AI language models in the cloud. It's going up against Nvidia , whose powerful semiconductors have dominated the market for AI chips.
Persons: Andy Jassy doesn't, Jassy, ChatGPT, Jon Fortt Organizations: CNBC, Microsoft, Google, Web Services, AWS, Nvidia
☆ Amidst the layoffs at Amazon, the company's ultra-secretive research lab is at risk of being shut. It's a sign things are changing 'dramatically' at the company.
  + stars: | 2022-11-14 | by ( Eugene Kim | ) www.businessinsider.com   time to read: +14 min
Early last month, members of Amazon's secretive in-house research lab, Grand Challenge, were called into an unexpected video meeting. Weibel announced 3 of the 5 projects Grand Challenge was working on would shut down, effective immediately. When other team employees wanted to collaborate with the team, they needed additional approvals from its leadership. Amazon Glow was among the Grand Challenge projects to be discontinued at the end of this year. Getting support promoting Grand Challenge projects was a challenge too.
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