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The Latest Breaking News from Andy Jassy

Amazon managers can now sack employees who won’t work from the office 3 days a week

“Continued non-compliance” with the tech giant’s return-to-office mandate could land employees in hot water, according to Amazon’s new management guidelines.

Fortune

LVMH boss Bernard Arnault has just lost his spot as the world’s second-richest person to Amazon founder Jeff Bezos

LVMH CEO Bernard Arnault has seen his wealth overtaken by that of Amazon founder Jeff Bezos.

Fortune

Apple CEO Tim Cook got a $41 million payday after massive stock sale, as the iPhone maker’s shares creep down from summer highs

Apple CEO Tim Cook had a multi-million pound payday as he vested awards as part of his compensation package.

Fortune

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Amazon’s return to office rule could take 3 years to become a reality, says senior exec: ‘It hasn’t been perfect.’

Amazon CEO Andy Jassy has been tough with his return to office mandate—senior exec Peter DeSantis had a more compromising tone.

Fortune

Bill Ackman has employees in the office five days a week but makes an intriguing remote work concession

The hedge fund billionaire does allow remote work, just not all year.

Fortune

2 AI Stocks to Transform Your Portfolio

The AI sector is set for explosive growth, and tech giants Amazon and Microsoft are leading the charge. Amazon's AWS harnesses AI for cloud solutions, while Microsoft integrates generative AI across its software suite, making both firms compelling investments.

Barchart

Dave Clark, the former Amazon exec who lost out to Andy Jassy, just quit his startup CEO role because the founder returned

“Founders have the right to change their minds,” Clark said in the surprise announcement that he was leaving Flexport.

Fortune

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Amazon’s Andy Jassy shouldn’t make return-to-office decisions in an echo chamber of CEOs driven by feelings

It's a textbook example of confirmation bias–a cognitive bias where we look for information that confirms our beliefs and ignore information that doesn’t.

Fortune

Amazon CEO sparks backlash for telling remote workers it’s ‘not going to work’ for them: ‘Big tech hypocrisy’

‘It’s past the time to disagree and commit,’ Amazon CEO says

The Independent UK

An software CEO worth $12 billion says he goes to the office ‘once a quarter,’ bucking Big Tech's return to office trend

Atlassian CEO Scott Farquhar says he hasn't seen a productivity change after letting employees work from home.

Fortune

Amazon CEO Andy Jassy has a brutal message to remote workers refusing to come back

Jassy reportedly told staff: "It's past the time to disagree and commit."

Fortune

Amazon CEO slams remote workers, tells them to leave the company

Andy Jassy says Amazon employees unable or unwilling to return to the office should look for work elsewhere.

TechRadar

‘Driverless cars are the hardest problem you could want to solve’ – Oxa’s Gavin Jackson

The head of the UK tech startup is as passionate about self-driving ‘autonomy’ as Elon Musk – but thinks it could be 20 years away

The Guardian - UK

Amazon’s sends email scolding employees for not coming to the office—even though they did

Amazon said the email was an oversight, but it still underscores the tech giant’s difficulty in getting its employees back to the office.

Fortune

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Barchart

The 2 Best AI Stocks to Buy in August

Some skeptics see a bubble forming in artificial intelligence, but there are still exciting opportunities to bet on future growth. Here's why Amazon and Nvidia are two AI stocks worth adding to your portfolio right now.

TechRadar

AWS results impress again to boost Amazon profits

AWS cloud revenue soars again thanks to artificial intelligence, but so do operating costs.

Zenger

Amazon Posts Q2 Figures: Revenue Up 11% YoY To $134.4 Billion, Beating Estimates

Operating income totals $7.7 billion, up from $3.3 billion in Q2 2022; operating cash flow increases 74% YoY to $61.8 billion.

Fortune

Andy Jassy summed up Amazon's A.I. gameplan: A.I. everywhere

During the online retail giant's earnings call, CEO Andy Jassy outlined a broad vision for A.I.

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Android Central

Amazon reports positive Q2 2023 earnings, rides high on AWS and ads

Amazon reported $134.4 billion in revenue for Q2 2023 earnings. The company expects additional growth for Q3 2023.

Fortune

Amazon exec says it’s time for RTO: ‘I don’t have data to back it up, but I know it’s better’

“We’re here, we’re back. It’s working,” Mike Hopkins, Amazon Studios head, said in a meeting, before acknowledging a lack of evidence.

WEKU

Amazon may have met its match in the grocery aisles

Amazon laid off workers at its brick-and-mortar grocery stores last week — the latest sign of the e-commerce giant's struggles to stand out in the competitive grocery landscape.

Fortune

Amazon CEO Andy Jassy dismisses Microsoft and Google A.I. ‘hype cycle,’ says Amazon has a ‘substance cycle’

Amazon’s A.I. strategy is to turn itself into a major player across the entire A.I. supply chain.

Zenger

Amazon CEO Andy Jassy On Chinese Competition, Prime Day And More

E-Commerce behemoth Amazon

Barchart

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.

The Hindu

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

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