Jassy
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AWS misses quarterly revenue expectations – but Andy Jassy is still upbeat
Amazon Web Services (AWS) recorded slower than expected growth, according to its latest financial results, marking the third straight quarterly revenue miss for Amazon’s cloud division. Revenue at AWS increased 16.9% to $29.27 billion in its first quarter, ending 31 March. This was slightly below analyst expectations of $29.42 billion and marked a slower growth rate (18.9%) compared to Q4…
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Amazon CEO Andy Jassy just unveiled a powerful new AI model to compete with Google Gemini and OpenAI’s GPT-4
Amazon has a new group of foundation models, dubbed ‘Amazon Nova’, that cover a range of multimodal interactions, CEO Andy Jassy has revealed. Speaking at AWS re:Invent 2024 in a surprise appearance for the opening keynote, Jassy revealed that, after being hard at work on its own homegrown frontier models, it was ready to release Nova. “I’m excited to share…
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Amazon CEO Andy Jassy claims controversial RTO mandate is not a “backdoor layoff” strategy – but it’s a tactic that some execs admit to
Amazon CEO Andy Jassy has pushed back on claims that the company’s controversial return to office (RTO) mandate was a thinly veiled attempt to encourage layoffs. Speaking at an all-hands meeting on 5 November, Jassy denied accusations that his recently announced RTO strategy was a “backdoor layoff”, insisting the move was motivated by improving the organization’s culture. “A number of…
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