Amazon chief executive officer Andy Jassy said his company's cloud infrastructure will become an essential part of the
"While we're building a substantial number of GenAI applications ourselves, the vast majority will ultimately be built by other companies," Jassy said Thursday in the company's annual letter to shareholders. "We're optimistic that much of this world-changing AI will be built on top of AWS."
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Jassy, whose Amazon career began in 1997, became CEO in 2021 when founder Jeff Bezos stepped down and took the role of executive chairman. His tenure has been characterized by
The company began
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Jassy has focused the company's investments on a few big initiatives, such as building data centers to help fuel the artificial intelligence boom and efforts to develop an Amazon franchise in groceries and health care. Those were the focus of his letter a year ago. In his first letter to investors as Amazon boss, he pledged to reduce injury rates among the company's workers.
"AI may be the largest technology transformation since the cloud" or possibly the internet, he said in the most recent missive. "The amount of societal and business benefits from the solutions that will be possible will astound us all."
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Amazon also added artificial intelligence expertise to its board. Andrew Ng, who helped found Google Brain and was formerly chief scientist for Baidu became a director earlier this week, the company said.