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Amazon CEO Jassy says AI will "reinvent virtually every customer experience we know" in shareholder letter

Investor's Business Daily
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Amazon CEO Andy Jassy said generative AI will "reinvent virtually every customer experience we know" He defended the tech giant's big AI spending plans in his annual shareholder letter.

Amazon stock slipped 2% in premarket trading on Thursday .

The company plans to spend roughly $100 billion on capital expenditures this year .