Andy Jassy makes the case for Amazon’s extraordinary AI spending, promising shareholders they will end up ‘very happy’

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Andy Jassy makes the case for Amazon’s extraordinary AI spending, promising shareholders they will end up ‘very happy’ - Fortune

Quick Summary:

Amazon's annual shareholder meeting lacked surprises, but provided the CEO with another chance to build faith in his AI spending.

For CEOs like Jassy, the explanations not only are designed to appease, educate or excite investors, but also could be seen as signals meant to help attract specialized and coveted talent.

He said that shareholders who see this transformation through over the long term will end up “very happy.