Amazon is using artificial intelligence to help shoppers and sellers at its online shop, and plans to spend billions on new data centers for its AWS cloud computing unit. Photo: SEBASTIEN BOZON / AFPE-commerce titan Amazon on Tuesday said profit in the first three months of 2024 tripled as its cloud, ads, and retail businesses thrived.
"Our customer data still shows that Amazon is a focal point for those consumers wanting value for money and convenience," Saunders said. "While the core ecommerce business is no longer the biggest growth driver, it remains an essential component of the Amazon flywheel, particularly in propelling its ad business," Droesch said.infrastructures through Amazon's AWS cloud computing division, which is on track to bring in a hundred billion dollars over the course of the year.AWS revenue in the recently ended quarter was $25 billion compared with $21.4 billion in the same period last year, the earnings figures showed.
The company founded by Jeff Bezos is also expanding into AI and testing a chatbot named Rufus that would provide shopping tips to US mobile app customers.The company plans to invest billions of dollars in AWS datacenters in Mexico, Saudi Arabia and the US in coming years, according to the earnings release.