Amazon CEO Urges 'Startup' Mentality in Shareholder Letter

Amazon has to operate like the 'world's largest startup' as it works to meet demand for AI and cut bureaucracy in its ranks, Chief Executive Officer Andy Jassy said in his annual letter to shareholders. From a report: 'If your customer experiences aren't planning to leverage these intelligent models, their ability to query giant corpuses of data and quickly find your needle in the haystack, their ability to keep getting smarter with more feedback and data, and their future agentic capabilities, you will not be competitive,' Jassy wrote in the letter on Thursday. 'It's moving faster than almost anything technology has ever seen.'

Amazon, like most of the largest technology companies, has bet heavily on artificial intelligence, committing much of its $100 billion in planned capital expenditures this year to AI-related projects.

Read more of this story at Slashdot.