Shulou(Shulou.com)11/24 Report--

Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! According to the news on the evening of April 13, Beijing time, Amazon CEO Andy Andy Jassy (Andy Jassy) today released the annual shareholder letter of 2022, which is also the second shareholder letter issued by Jassi since he became CEO.

Although 2022 is one of the most difficult macroeconomic years in recent years, and Amazon itself faces some operational challenges, Amazon has achieved unprecedented growth, Mr. Jassi said in a shareholder letter.

In the past few months, Amazon has conducted an in-depth evaluation of the company and shut down some of its businesses. For example, it no longer pursues the concept of physical stores, such as Amazon Bookstore and 4-Star offline experience store, shuts down Amazon Fabric (online sales fabric) and Amazon Care (telemedicine service), and abandons some new devices with no potential. In addition, Amazon redefined its priorities, which eventually led to about 27000 layoffs.

Jassi also said that in the "post-epidemic era," Amazon also carefully studied "how its employees work together as a team." In the end, Amazon requires employees to return to the office at least three days a week starting in May.

Jassi believes that a key challenge Amazon will continue to face is the rising costs associated with compliance networks. For example, the cost of delivering products from Amazon to customers. To this end, Amazon has made several adjustments, and it is believed that these changes will significantly improve Amazon's compliance costs and delivery speed.

Annual revenue from Amazon's AWS cloud service reached $85 billion in 2022. But Jassi says the business is still in the early stages of popularity, but it is also at a critical moment. In the long run, it is essential to focus on the customer's needs.

Speaking of the advertising business, Jassi said that Amazon's advertising business has great potential. It's a very efficient business for brands, which is part of the reason why Amazon continues to grow rapidly.

In addition, Jassi also said that the grocery business is also a huge growth opportunity for Amazon.

On healthcare, Jassi believes that One Medical (the primary care provider acquired by Amazon) and Amazon will continue to innovate together to change the way customers get primary care.

Kuiper is a satellite network being built by Amazon, which will be made up of 3236 satellites to provide broadband Internet services to users around the world. "so far, customers have responded very positively to what we have shared about Kuiper," Jasi said. "We believe that Kuiper is a very big potential opportunity for Amazon."

In the shareholder letter, Jassi mentioned Amazon's last investment areas: the current popularity of large language models (LLM) and generative artificial intelligence. 'Amazon is investing heavily in this area, 'Mr. Jasi said. This will be at the core of Amazon's innovation in every area of its business in the coming decades.

"I believe Amazon will stand out from the current challenging macroeconomic downturn and be in a better position than ever," Mr Jassi concluded. "

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