‘AI will change’: Amazon’s bold investment strategy boosts earnings

‘AI will change’: Amazon’s bold investment strategy boosts earnings

AFP

2 mins to read



Amazon has reported a 35% rise in quarterly profits, saying big investments in artificial intelligence are starting to pay off.

The Seattle-based company posted net profit of US$18.2 billion ($30.9 billion) for the second quarter that ended June 30, compared with US$13.5b in the corresponding period last year.

Net sales