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Amazon sales surge as company trains focus on artificial intelligence
AmazonAmazon(US:AMZN) Fox Business·2024-05-01 06:05

Amazon.com reported record first-quarter sales as the AI boom powered growth in its cloud-computing unit, helping the company continue to shake off last year’s post-pandemic slump. Revenue rose 13% to reach 143.3billion,analltimehighintheJanuarytoMarchperiod,andprofitsurgedto143.3 billion, an all-time high in the January-to-March period, and profit surged to 10.4 billion. Both figures exceeded Wall Street expectations. Amazon CEO Andy Jassy has significantly reoriented the company to focus on AI innovations since falling behind Microsoft, Google and other peers in the spac ...