Amazon's Business Performance & Strategy - Amazon's stock rebounded 36% from its early April lows, driven by the resurgence of Amazon Web Services (AWS), AI improvements, and strong financial results [1] - Amazon is investing $4 billion to build delivery stations and fulfillment centers in rural areas to improve Prime experience [10] - Project Kuiper, Amazon's low Earth orbit satellite project, aims to provide broadband connectivity to 400 to 500 million households globally [12] Customer Experience & Innovation - Amazon is focused on improving customer experience by making delivery faster, aiming for delivery within an hour using drones [3][4] - Amazon is innovating its fulfillment network with same-day facilities, enabling delivery within 3 to 5 hours for top-moving SKUs [5][6] - Amazon is expanding the use of robotics in its fulfillment network to improve delivery and transportation [7] Artificial Intelligence (AI) - Amazon views AI and generative AI as the most transformative technology of our lifetime and is investing expansively in it [21] - AI is being used across Amazon's businesses, including shopping assistant Rufus, Alexa Plus, forecasting in the fulfillment network, advertising, and AWS [21][22][23] - Alexa Plus, the next generation of Amazon's personal assistant, is more intelligent and capable, taking action and managing schedules [25][26]
Over time we will have robots that will do delivery and transportation, says Amazon CEO Andy Jassy