MM110: The importance of AI, cloud computing and advertising at big tech firms
Market Maker
00:00
AI and the Media Crossover Advantages
Amazon shares jumped about 12% after the company's earnings report. CEO Andy Jassy, he said, our advertising business continues to deliver robust growth largely due to our ongoing machine learning investments that help customers see relevant information when they engage with us. So again, jumping on the AI bandwagon. mentioning the phrase AI six times in the earnings release and the full phrase of artificial intelligence twice.
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