Amazon sales soar with boost from artificial intelligence and advertising

[rcjordan]

https://www.theguardian.com/technology/2024/apr/30/amazon-sales-report-ai

[ergophobe]

"AWS accounted for 62% of total operating profit"

!!!!

Amazon is basically a web services company plus an ad marketplace with a retail operation on the side.

[rcjordan]

>a web services company plus an ad marketplace with a retail operation on the side

That's exactly what Debbie says.

[Travoli]

>retail operation on the side

luckily for AMZN, the retail operation is generating massive amounts of data, which they'll use to train their AI. Equal only to Google, META, and Tik Tok?

[ergophobe]

I think the retail side is also great marketing. I believe that's still the high-revenue end, if not the high-profit end, so that makes Amazon a huge gorilla that gets covered by the media. If all they had was AWS and that was a total standalone company, I guarantee this news would not have come up in my feeds.