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Amazon CEO says it has to operate like the “world's largest startup”, urges AI investment

Amazon CEO Andy Jassy released his annual letter to shareholders, outlining his vision.
Jassy stresses the need to balance innovation and efficiency to stay competitive in fast markets.
His strategy includes investing in AI, shifting internal culture, and soliciting feedback to cut bureaucracy.
Jassy stated, "Our customers, shareholders, and business will be well-served by our investing aggressively now."
Amazon aims to function like a startup, prioritizing customer value, scrappiness, and a willingness to take risks.

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Fortune

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Andy Jassy's new shareholder letter highlights his quest to resurrect the startup that Amazon once was

What the CEO is seeking to do is largely uncharted territory: transforming a global behemoth into the "world's largest startup."

2 days ago·New York, United States

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Tech Radar

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Amazon CEO says it has to operate like the “world's largest startup”, urges AI investment

Jassy sees seven commonalities between Amazon and startups as he spells out the future for the company.

2 days ago·United Kingdom

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Tech Spot

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CEO Andy Jassy outlines Amazon's future as "the world's largest startup"

Amazon CEO Andy Jassy recently outlined his vision for the company in an annual letter to shareholders, blending startup-style agility with the scale of a global giant. He addressed challenges, including artificial intelligence investments and internal culture shifts, and stressed the need to innovate quickly and cut inefficiencies to remain...Read Entire Article

3 days ago

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Quartz

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Amazon needs to stay 'the world's largest startup,' CEO says

Amazon (AMZN) CEO Andy Jassy said the company needs to operate like the “world’s largest startup” on Thursday in his annual letter to shareholders — which means continuing to invest in AI, cutting bureaucracy, and expanding into different realms.Read more...

3 days ago·United States

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World NEWS Live

Amazon CEO says it has to operate like the “world's largest startup”, urges AI investment - WorldNL Magazine

Amazon sees itself as the world’s largest startupAggressive AI investments are key to future growthCEO Andy Jassy continues to advocate for in-person workingEmphasizing how aggressive investments into artificial intelligence can realize long-term financial gains, Amazon CEO Andy Jassy noted in his most recent shareholder letter that the ecommerce and cloud computing giant intends to spend over $100 billion on capital expenditure in 2025, with mo…

2 days ago

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WebProNews

Amazon CEO: 'Operate Like The World's Largest Startup'

Amazon CEO Andy Jassy has released his annual letter to shareholders, in which he says the company should “operate like a startup (in our case, the world’s largest startup).” Jassy starts his letter by emphasizing the progress Amazon has made over the course of 2024. Our total revenue grew 11% year-over-year (“YoY”) from $575B to $638B. By segment, North America revenue increased 10% YoY from $353B to $387B, International revenue grew 9% YoY fr…

3 days ago

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