Amazon (NASDAQ: AMZN | AMZN Price Prediction) just made a quiet move that could reshape how Americans access weight-loss drugs.
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Amazon's nascent AI chip business could be a game changer, according to its CEO.
Amazon's Leo is now expected to launch "mid-2026," CEO Andy Jassy admitted.
Jassy also pointed to rapid growth in Amazon's custom chip business, as large tech companies develop their own processors to cut dependence on costly Nvidia AI chips.
Amazon paid CEO Andy Jassy nearly $2.1 million last year, according to a company filing. The e-commerce giant shelled out more money for Jassy's security and travel during the year.
Amazon will continue to bet big on artificial intelligence (AI), Amazon CEO Andy Jassy said in a 2025 Letter to Shareholders posted Thursday (April 9). Jassy said that while investment spikes invite scrutiny, AI is a game-changer that will reinvent every customer experience.
AMZN's 10.4% dip marks strong AWS growth, AI expansion and Prime momentum, but heavy spending and margin pressure suggest patience for new investors.
Amazon CEO Andy Jassy says the company will rebuild its retail experience using AI rather than simply adding it to existing systems and products.
Amazon.com Inc (NASDAQ:AMZN) CEO Andy Jassy in his annual letter to shareholders has detailed a corporate strategy centered on high-scale capital investment and technical self-reliance, even as these priorities significantly reduced the company's short-term free cash flow. While Amazon's total revenue grew to $717 billion in 2025, free cash flow fell from $38 billion to $11 billion due to a $50.7 billion increase in spending on property and equipment.
Andy Jassy shared his annual letter to Amazon shareholders — and AI was a big topic. The Amazon CEO said its chip business is "on fire.
Amazon CEO Andy Jassy released his annual shareholder letter, where he once again made the case for huge investments in artificial intelligence. The company has said it expects to spend roughly $200 billion on capital expenditures this year, with the lion's share going toward AI development.