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How Prime And A Smarter Alexa Are Giving Amazon An AI Shopping Edge [Yahoo! Finance]
Last amazon.com, inc. earnings: 4/30 04:01 pm
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Amazon founder Jeff Bezos, in his celebrated 1997 shareholder letter famously wrote that it was "Day 1 for the Internet" and said Amazon had “a window of opportunity” while “customers, new to purchasing online, are receptive to forming new relationships.” CEO Andy Jassy referenced the same theme in his recent shareholder letter, with comments about the new relationships customers are forming with AI shopping assistants, and how every customer experience will be reinvented by AI. While much of Jassy's letter, and the subsequent media and Wall Street reaction, focused on Amazon's big-money investments in AI, including expanding the AI infrastructure on its AWS cloud-computing platform, it also outlined how AI is creating a new Day 1 opportunity for shopping. “If you believe that every customer experience will be reinvented in the coming years by AI, it means even the customer experiences that feel most comfy, and are most broadly adopted, will be reimagined,” Jassy wrote. “It's
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