- Amazon sees itself as the world’s largest startup
- Aggressive AI -Investments are the key to future growth
- CEO Andy Jassy continues to go in for personal work
Amazon CEO Andy Jassy emphasized how aggressive investments in artificial intelligence can realize long-term financial gains, and noted in his latest shareholder letter that e-commerce and cloud computing giant intends to spend over $ 100 billion on capital costs in 2025, with most of the AWS AI projects.
He described the technology as a “one time-in-life reinventing everything we know,” with promises to revolutionize everything from customer experiences to productivity in the workplace.
The letter came about two months after the company announced its financial results in the fourth quarter and the end of the year for 2024, with a total turnover of 11% the year before to $ 638 billion.
Andy Jassy believes that aggressive AI -Investing is the best plan for the future
Jassy noted that the “rapid change rate in technology, customer habits and new products” makes it difficult for Amazon to deliver year after year on its central goal: “To be the Earth’s most customer -centric company.”
On a similar note as Shopify CEO Tobias Lutke’s recent comment on long -term learning, Jassy also went to leaders and workers to continue to learn throughout their careers.
Not only is aggressive investments that compare Amazon with some startups – CEO highlighted how organized chaos can also create a more innovative environment. “[Tolerate] Messy meets, “he said …” You can’t book 60 minutes to invent Amazon Prime or AWS. “
Where Amazon can deviate from smaller and more modern companies are in workforce agility and flexibility because Amazon is notorious pro-office-based work. In the past post-pandemic years, the company has been pushing for a widespread return to the office, and Jassy repeated the alleged increase in ad-hoc cooperation and brainstorming when the workers are together.
When his letter ends, Jassy highlights seven features that make Amazon similar in nature as startups: a focus on solving a real customer problem or meaningfully improving a customer experience; A need for ‘builders’ who dissect and improve; A desire for ‘owners’ that takes responsibility; speed; Relative Team Leanness; A willingness to take risks; and an obligation to deliver results for customers.
