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The Latest Breaking News from Andy Jassy

Has Amazon Stock Peaked? - Not if You Believe Its CEO Who Says Amazon Is Focused on AI

Amazon stock may not have peaked if you believe Andy Jassy who believes its AI chips give it an advantage over competitors. One way to play this is to short out-of-the-money puts for income.

Barchart

Amazon intends to invest $15 billion more in India, says CEO Andy Jassy

‘We have invested $11 billion in India till date and intend to invest another $15 billion, which will bring the total to $26 billion. So we are very much looking forward to future of partnering,’ said the Amazon CEO

The Hindu

WFH triumphs over RTO: A third of Americans continue to work from home

Despite many executives’ attempts to get workers back at their desks, remote work remains a fixture of the workforce.

Fortune

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Bernie Sanders launches investigation into working conditions at Amazon

Senator seeks information about ‘systematically underreported’ injury rates and turnover at US’s second-largest employer

The Guardian - US

Balancing Profitability And Entertainment: Amazon Considers Launching Ad-Supported Prime Video Tier

Advertisers expressed interest in Amazon offering an ad tier for Prime Video service, likely to inspire other streaming platforms

Zenger

Wall Street analyst tells Amazon CEO to go back to basics in brutal letter

Bernstein analyst Mark Shmulik has ripped apart Amazon’s plans for broadband and health care, saying the business needs to focus on areas which are guaranteed wins.

Fortune

Amazon is unfazed by remote workers protesting its return-to-office mandate: ‘There’s more energy, collaboration, and connections happening’

"It’s going to take time to adjust back to being in the office more," a spokesman said after a walkout this week.

Fortune

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Amazon’s answer to ChatGPT seen as incomplete

Amazon.com Inc.’s cloud customers are clamoring to get their hands on the ChatGPT-style technology the company unveiled six weeks ago. But instead of being allowed to test it, many are being told to sit tight, prompting concerns the artificial intelligence tool isn’t fully baked.

Tribune News Service

Amazon corporate staff to walk out in protest over return-to-office mandate. ‘Morale feels like it’s at an all-time low’

Amazon says the company and its staff have had “a great few weeks” since workers were required to be in the office three days a week.

Fortune

Amazon COVID-19 changes and CEO's anti-union comments broke law, Labor Board alleges

Amazon.com Inc. repeatedly violated federal labor law by unilaterally changing policies and terminating union supporters at its sole unionized warehouse, US labor board prosecutors alleged in a complaint, which also accuses Chief Executive Officer Andy Jassy of personally making illegal anti-union comments.

Tribune News Service

Bill Gates says the winner of the A.I. race will be whoever creates a personal assistant

Gates also said search engines will lose their relevance once consumers can access A.I. personal agents en masse.

Fortune

Is ‘shareholder supremacy’ driving the layoffs in tech?

Listed firms put their shareholders first when making decisions even if it leaves employees susceptible to job cuts.

Al Jazeera

Andy Jassy Thinks AI Can Save Amazon’s Troubled Cloud Business

Amazon's AWS is equipped with AI that can help daily businesses that use it for data purposes helping it's cloud business.

Zenger

Amazon slowed hiring and conducted layoffs in its HR team

Amazon is shifting investments to its noncore businesses and international expansion after slowing e-commerce sales and layoffs.

Fortune

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Fortune

Amazon Web Services rolls out new hiring restrictions

In a leaked memo, AWS tells hiring managers about new constraints in place to control headcount growth.

Bangkok Post

Amazon's cloud comment jolts investors

Amazon.com Inc signalled on Thursday its long lofty cloud growth would slow further as its business customers braced for turbulence and clamped down on spending, overshadowing the company's quarterly sales and profit that topped expectations.

Fortune

A wave of A.I. spending could revive Amazon's sputtering cloud growth

Amazon CEO Andy Jassy is vying for A.I. customers to bring their processing power to AWS.

The Guardian - US

Amazon beats expectations in first quarter earnings as shares jump 11%

E-commerce behemoth, in the midst of aggressively cutting costs including laying-off 27,000 workers, reported revenue growth

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Android Central

Amazon earnings highlight a fairly positive quarter for Big Tech despite big cuts

Amazon reported more than $127 billion in revenue in its Q1 2023 financial earnings report.

The Independent UK

Amazon stocks surge after Q1 revenue, profit wins

Amazon on Thursday reported a slowdown in its cloud computing unit AWS, but stronger-than-expected revenue and profits for the first quarter sent its stocks higher in after-hours trading

TechRadar

AWS CEO warns of some potential big changes this year

Amazon’s not all that bothered about the short-term wobbles, it seems, as CEO Andy Jassy looks to the future.

Fortune

Amazon CEO Andy Jassy took nearly a 99.4% pay cut from 2021 to 2022

Jassy had a smaller compensation package than Amazon founder Jeff Bezos in 2022, as well as peers in Big Tech like Apple's Tim Cook and Microsoft's Satya Nadella.

Fortune

Amazon is launching its new A.I. game plan

Amazon is joining the A.I. race with a strategy that differs from other tech giants’.

Fortune

Amazon CEO Andy Jassy is doubling down on his return to office mandate

Amazon’s New York and Austin offices reportedly won’t be ready to open until September, despite a mandate for staff to be back at their desks from May.

Fortune

Amazon CEO Andy Jassy has identified the business’ next frontiers

Catering to a range of Amazon customers' basic needs makes up part of Jassy's strategy moving forward.

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