Amazon CEO Jassy strikes cautious tone in letter, predicts generative AI will 'transform' customer experience

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 53%

United States Headlines News

United States Latest News,United States Headlines

Amazon CEO Andy Jassy, in a letter to shareholders that struck a cautious tone about Amazon’s business dealings, hailed AI as something that will “transform' the company.

"More recently, a newer form of machine learning, called Generative AI, has burst onto the scene and promises to significantly accelerate machine learning adoption. Generative AI is based on very Large Language Models , across expansive datasets, and has radically general and broad recall and learning capabilities," he continued.

Jassy also reflected on what he described as an "unusual number of simultaneous challenges" in 2022. "Over the last several months, we took a deep look across the company, business by business, invention by invention, and asked ourselves whether we had conviction about each initiative’s long-term potential to

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 458. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Amazon awarded CEO Andy Jassy no new stock in 2022Amazon.com Inc did not grant its Chief Executive Andy Jassy any new stock in 2022, shrinking the pay gap between the online retailer's top boss and rank-and-file employees, the company said on Thursday in a securities filing. Just like I don’t care about the Chevron CEO making more money, I don’t care about this either. Only losers think their life sucks because a CEO is making a lot of money This headline is poorly worded
Source: Reuters - 🏆 2. / 97 Read more »

Read Amazon CEO Andy Jassy's 2022 shareholder letter in fullAmazon CEO Andy Jassy says his letter to shareholders follows one of the toughest economic years in recent memory. Read it in full.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Amazon CEO Andy Jassy touts AI as a 'big deal' for shareholdersAmazon CEO Andy Jassy is betting big on AI – and touts the technology as a 'big deal' for shareholders AI will destroy our civilization
Source: BusinessInsider - 🏆 729. / 51 Read more »

Amazon CEO Andy Jassy Commits to Cost-Cutting, Tech Investments in Shareholder LetterIn his annual letter to shareholders, Amazon’s CEO said 'we remain confident about our plans to lower costs, reduce delivery times, and build a meaningfully larger retail business'
Source: WSJ - 🏆 98. / 63 Read more »

Amazon CEO Andy Jassy says in shareholder letter he's confident he can get costs under control“Consumers are spending, but they’re just much more careful about what they’re spending on,” Amazon CEO Andy Jassy says. Get rid of this Nuisance ,no nothing David Faber .4M/yr 15k/day $1875/hr ridiculous for a guy that brings NOTHING new. Stockholders deserve better . The Biden-Yellen economy who cares? our economy is exception with relentless power and strength. stop fear mongering
Source: CNBC - 🏆 12. / 72 Read more »

Amazon CEO Andrew Jassy’s total compensation plunges, Founder Jeff Bezos’ compensation is unchangedAmazon.com Inc. Chief Executive Andrew Jassy’s base salary nearly doubled in 2022, his first full year leading the ecommerce and cloud giant, but his total...
Source: MarketWatch - 🏆 3. / 97 Read more »