Cost-Cutting Amazon CEO Andy Jassy Looks to AI and Healthcare as Next Frontiers Despite Macroeconomic Headwinds
- Amazon CEO Andy Jassy's compensation declined as the company cuts costs and faces economic pressures on its key businesses.
- Jassy remains optimistic about AI, healthcare, and other initiatives as sources of long-term growth.
- AWS faces slowing growth, but Jassy believes demand will rebound and the business still has room to expand.
- Amazon is investing heavily in AI and generative models, which Jassy says will transform the company.
- Jassy plans to build an Amazon grocery business and expand Amazon Business, believing they will dominate their markets.