Amazon’s Andy Jassy Just Made a Startling Prediction.
As the leading cloud company, Amazon is benefiting from AI growth.
Overview
Amazon (NASDAQ:AMZN) has seen earnings climb over the years as it built its e-commerce empire. Shoppers around the world turn to their local Amazon websites for essentials and general merchandise, and the company's Prime membership program offers them fast delivery and other advantages that keep them coming back. In the U.S., Amazon has also expanded into healthcare, with pharmacy services and a telehealth and primary care network.
On top of this, Amazon's venture into cloud computing has supercharged growth, with Amazon Web Services (AWS) serving as the company's main profit driver. AWS is the world's No. 1 cloud services provider, and the artificial intelligence (AI) boom has created enormous demand for this business. In fact, Amazon chief Andy Jassy just made a startling prediction. Let's check it out.
Image source: Amazon.
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Originally published at www.fool.com.