Amazon CEO Andy Jassy just released his first annual shareholder letter. In it, he outlines the company’s latest initiatives and priorities heading into the new fiscal and calendar year. In acknowledgment of this new normal the e-commerce behemoth has weathered,

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 AI, along with a more competitive chip market, will eventually bring down costs around the technology.

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.