- Amazon sees herself as the world’s biggest startup
- Aggressive investments are key to future growth
- CEO Andy Jassy continues to advocate for work in person
By emphasizing how aggressive investments in artificial intelligence can obtain long -term financial gains, the Amazon CEO, Andy Jassy, said in its most recent letter of shareholders that the Electronic Commerce and Cloud Giant is intended to spend more than $ 100 billion in capital expenses in 2025, with most of it to the AWS AI projects.
He described technology as a “unique reinvention in the life of everything we know”, with promises to revolutionize everything from customer experiences to productivity in the workplace.
The letter occurred two months after the company registered its financial results of the fourth quarter and end of the year by 2024, with a total income of 11% year after year to $ 638 billion.
Andy Jassy believes that AI’s aggressive investment is the best plan for the future
Jassy pointed out that the “rapid rate of change in technology, customer habits and new products” hinders Amazon to deliver year after year about his main objective: “be the most focused on the client of the Earth.”
In a note similar to the recent comment of the CEO of Shopify Tobias Lutke about long -term learning, Jassy also advocated that leaders and workers continue to learn throughout their career.
Not only aggressive investments compare Amazon with some new companies, CEO highlighted how organized chaos can also create a more innovative environment. “[Tolerate] Disordered meetings, “he said …” You can’t book 60 minutes to invent Amazon Prime or AWS. “
Where Amazon could differ from smaller and more modern companies is in the agility and flexibility of the workforce, because Amazon is working notoriously in favor of the office. In recent years after the pandemic, the company has pressed for a generalized return to the office, and Jassy reiterated the alleged increase in Ad-Hoc collaboration and the rain of ideas when workers are together.
As your letter comes to an end, Jassy highlights seven features that make Amazon similar to new companies: an approach in solving a real client problem or significantly improving customer experience; a need for ‘builders’ that dissect and improve; a desire for ‘owners’ that assume responsibility; speed; Relative equipment; a will to take risks; and a commitment to deliver results for customers.
