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amazon results: Amazon posts AI-fueled cloud, ecommerce growth, shares jump

Amazons plan to acquire iRobot for $1.4 billion has been halted by European regulators, despite the companys strong fourth-quarter sales and revenue growth from generative AI features in its cloud and ecommerce businesses. AWS CEO Andy Jassy highlighted the incorporation of generative AI into many of its services, with the expectation that it will drive tens of billions of dollars of revenue in the coming years.
Brian Olsavsky Andy Jassy Offering College Research Analyst At Global Certificate Programme In Data Science Machine Technology Leadership

Amazon posts AI-fueled cloud, ecommerce growth, shares jump

:Amazon.com beat fourth-quarter revenue expectations on Thursday as new generative AI features in its cloud and ecommerce businesses spurred robust growth during the critical holiday period.Investors cheered the results, sending Amazon shares up as much as 8 per cent in trading after the market close.
Brian Olsavsky Andy Jassy Amazon Web Services Research Analyst At Global Chief Financial Officer Brian Olsavsky Visible Alpha

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