Andy Jassy says Amazon investors will be rewarded by all its AI spending

CNBC Top News ·

Andy Jassy says Amazon investors will be rewarded by all its AI spending

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

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Jeff Bezos · Amazon Web Services