CNBC
Andy Jassy soothed concerns over Amazon's massive AI spending. Here's how he did it
Friday, July 31, 2026
Andy Jassy, Amazon's chief executive officer, addressed investor concerns about the company's artificial intelligence expenditures during a recent earnings call or investor event. Jassy provided a financial framework or timeline for how the AI investments would generate returns. Amazon has committed billions of dollars to AI infrastructure and development in recent years.
