Capital spending under CEO Andy Jassy will go up “meaningfully,” but record operating margins driven by retail, cloud and advertising will ease the pain.
Amazon s plan to acquire iRobot for $1.4 billion has been halted by European regulators, despite the company s 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.
Ride-hailing platform Rapido, known for venturing into this space with bike taxis, is now testing cabs on its platform. This and more in todays ETtech Top 5.
Investors want to know how Amazon Web Services (AWS), the company s cloud provider, stands up against Microsoft and Google s, which both on Tuesday reported slowed growth in their cloud businesses.