Bloomberg Technology Amazon CEO Talks AI Plans, Nvidia Results Underwhelm
Feb 27, 2025
Andy Jassy, President and CEO of Amazon, dives into the future of AI with Alexa+, integrating generative technology for enhanced user experience. He discusses Amazon's substantial investments in AI and a new quantum chip named Ocelot, aimed at efficiency. Jassy also addresses market pressures affecting Nvidia and Salesforce, emphasizing the need for collaboration in tech and government policies. The conversation reveals crucial insights into navigating the evolving landscape of AI while spotlighting Amazon's strategic vision for sustainable growth.
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Alexa Plus Smart Home Example
- Amazon CEO Andy Jassy showcased Alexa Plus's new capabilities with an example.
- Users can now give complex, conversational commands to control their smart home devices.
Generative AI Cost Concerns
- Generative AI is costly, raising concerns about its impact on business value.
- Investors question how it adds value and whether it justifies increased Prime prices.
Amazon's AI Investment
- Amazon invests heavily in AI, exceeding 50% of its CapEx budget.
- The exact amount remains undisclosed, but it signals a major commitment to AI development.