Amazon, which continues to invest heavily in rapid-delivery operations, is touting how much the company has improved fulfillment performance during the first half of 2024. Amazon reported it has delivered more than five billion Prime items on the same or next day...
Amazon president and CEO Andy Jassy, in his annual letter to shareholders, detailed how the company is building new capabilities and services, highlighting how generative AI would fit into its operation. Jassy said in the letter Amazon gives a lot of thought to how...
The third quarter saw Amazon blow by financial expectations and finish with almost $10 billion in profits. Net income increased to $9.88 billion in the third quarter, or 94 cents per diluted share, versus $2.87 billion, or 28 cents per diluted share, in the...
Panos Panay is joining Amazon to lead the devices and services business when Dave Limp retires from Amazon later this year. CEO Andy Jassy and Limp made the announcement to the company. Panay also will be joining the S-Team, the top leadership group at Amazon. Panos...
In advancing its AI capabilities, Amazon has struck a deal with Anthropic that includes an investment of up to $4 billion, giving it a minority ownership stake in the company. Amazon developers and engineers will be able to build using Anthropic models via Amazon...
