Amazon chief executive Andy Jassy on Thursday justified the company's billions of dollars in outlays for artificial intelligence development, saying the investment was necessary to remain competitive.

Amazon CEO Andy Jassy released his annual letter to shareholders on Thursday. Amazon CEO Andy Jassy on Thursday released his annual shareholder letter where he predicted that rapid advancements around artificial intelligence,

Amazon CEO Andy Jassy’s total compensation reached $40.1 million in 2024, due largely to strong gains in the company’s stock price that boosted the value of the shares he vested during the year.

Chinese companies that sell products on Amazon are preparing to hike prices for the U.S. or quit that market due to President Donald Trump's tariff hikes.

After President Trump's April 2 announcement of tariffs on most other countries, Amazon reportedly canceled some orders from products from China.

The weather hampers Project Kuiper's launch, and no new date has been scheduled for its first full-scale satellite launch.

Amazon on Wednesday had its launch of the first 27 initial Kuiper internet satellites postponed over bad weather, the launch provider United Launch Alliance said.

Jeff Bezos suffered a setback in his ambition to take on Elon Musk’s Starlink network after Amazon was forced to scrub the first ever launch of its Kuiper internet satellites. T