[Amazon results] Focus on A.I. to revive AWS, a declining source of profitability in Q1

Featured image of the article [Amazon results] Focus on A.I. to revive AWS, a declining source of profitability in Q1

An article by Aymeric Marolleau

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Publication

4 May 2023 à 10h49

Updated on 12 May 2023 à 16h52

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1 minute

Publication: 4 May 2023 à 10h49, Updated on 12 May 2023 à 16h52

Reading time: 1 minute

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Whilst Amazon's e-commerce business is losing momentum (down by 0.1% year-on-year), the AWS cloud service is recording the slowest growth since 2015. To improve profitability, the tech giant is introducing a series of AI-based tools for businesses. Amazon's year-on-year revenue growth was 11%, driven by the marketplace and the cloud.

An article by Aymeric Marolleau

Add mind Retail to your sources
Publication

4 May 2023 à 10h49

Updated on 12 May 2023 à 16h52

Reading time

1 minute

Publication: 4 May 2023 à 10h49, Updated on 12 May 2023 à 16h52

Reading time: 1 minute

Share
Copy link Share on LinkedIn Share on Bluesky Share on Facebook Share on WhatsApp
Add to reading list Remove from reading list
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On 27th April 2023, Amazon released the first quarter results, showing slowing e-commerce but dynamic advertising growth.

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