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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.
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