Amazon CEO Andy Jassy has announced massive investments in AI in his annual letter to shareholders. Jassy promised shareholders future cost reductions in the field of artificial intelligence.
In his letter, as reported by CNBC, Amazon CEO Andy Jassy explained that the cost of AI will fall in the coming years. The reason for this is the company's own, more cost-effective AI chips and technological advances. "AI doesn't have to be as expensive as it is today, and it won't be in the future," Jassy wrote.
Amazon CEO Jassy: We are investing up to 100 billion dollars a year in AI
Amazon will invest up to 100 billion dollars (just over 90 billion euros) in AI-related projects this year. CNBC highlights that Amazon has introduced its own products such as Trainium chips to better meet the demand for generative AI. The company has also added AI functions to its Alexa digital assistant, according to CNBC.
Amazon generates global sales of almost 638 billion dollars
According to Statista, Amazon generated global sales of 637.96 billion dollars in 2024. In Germany, sales of products and services amounted to just under 41 billion dollars. At the end of 2024, the Group had 1.56 million employees worldwide. Amazon's market capitalization currently stands at 2.03 trillion dollars.
Michael Becker
