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Amazon sales soar with boost from artificial intelligence and advertising
Revenue at Amazon Web Services increases to $25bn as retail giant releases earnings report surpassing Wall Street expectations
Amazon profits soared once again in the first quarter of 2024, the company announced on Tuesday – the latest in a series of robust earnings reports for the retail giant. The company attributed the boost to artificial intelligence and advertising sales.
Amazon reported overall revenue of $143.3bn in the first three months of the year – up 13% from the same period in 2023 and surpassing Wall Street expectations of $142.65bn. The e-commerce giant reported an increase of more than 200% to $15bn, with net income more than tripling to $10.4bn from $3.17bn at the same time in 2023.
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Jewelers Turning to Artificial Intelligence for Online Advertising
Jewelers are increasingly exploring the technology’s potential to create new worlds in online campaigns.The New York Times - Business -
Can Artificial Intelligence Make the PC Cool Again?
Microsoft, HP, Dell and others unveiled a new kind of laptop tailored to work with artificial intelligence. Analysts expect Apple to do something similar.The New York Times - Tech -
Amazon Is Hosting a Massive Book Sale
Ebooks, paperbacks, and hardcover editions are deeply discounted through May 20.Wired - Tech - Amazon -
World’s first major law for artificial intelligence gets final EU green light
European Union member states on Tuesday agreed the world's first major law for regulating artificial intelligence.CNBC - Business - European Union -
Skechers USA is getting a boost from its retail partner sales after more than a year of sluggish results in the overall category.
Skechers USA is getting a boost from its retail partner sales after more than a year of sluggish results in the overall category.The Wall Street Journal - World -
When Asked to Become Amazon’s New CEO, Andy Jassy Wanted to Speak With 1 Person First. It’s a Lesson in Emotional Intelligence
Andy Jassy was faced with a life-changing decision: Whether or not to be the first CEO to follow Jeff Bezos at Amazon. Before making a decision, he spoke to the person who mattered most.Inc. - Business -
Behind Zuckerberg's contrarian strategy to give away Meta's artificial-intelligence technology is a bet that making Silicon Valley's hottest new offering free will drive down competitors' prices and spread Meta's version more broadly.
Behind Zuckerberg’s contrarian strategy to give away Meta’s artificial-intelligence technology is a bet that making Silicon Valley’s hottest new offering free will drive down competitors’ prices and spread Meta’s version more broadly.The Wall Street Journal - World -
XPeng’s stock soars after EV maker’s sales beat by widest margin in 2 years
XPeng’s stock powered higher Tuesday, after the China-based electric vehicle maker reported first-quarter results that beat expectations by wide margins, fueled by higher deliveries and cost-cutting.MarketWatch - Business -
From sci-fi to reality: The dawn of emotionally intelligent AI
The future might see AI becoming an integral part of emotional support networks, providing companionship that feels empathetic and informed.VentureBeat - Tech -
Oliv unveils its AI copilot to boost sales team efficiency and deal closures
Oliv has launched its AI copilot for sales team that tackles mundane, but important, tasks that will free salespeople up to close more deals.VentureBeat - Tech
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