Andy Jassy says Amazon investors will be rewarded by all its AI spending
CNBC Top News ·

Andy Jassy said Amazon's massive spending on artificial intelligence isn't something investors should fear — it's exactly why they'll be rewarded over time. …
Andy Jassy said Amazon's massive spending on artificial intelligence isn't something investors should fear — it's exactly why they'll be rewarded over time. "We believe that AI is the biggest technology transformation in our lifetimes," the CEO said on " Mad Money ." "It's going to reinvent every single customer experience we know and altogether new ones we never imagined." In February, Amazon announced plans to invest $200 billion this year in capital expenditures, largely tied to AI …
Original source: CNBC Top News