Seattle
AI boosts Amazon: Amazon’s revenue surged by 13% year on year to an all-time high of $143.3bn in the first quarter of 2024. The jump was driven by increasing demand for artificial intelligence (AI), which boosted sales at Amazon Web Services, the firm’s cloud-computing arm, says Sarah Needleman in The Wall Street Journal. Profit more than tripled to $10.4bn.
Sales at Amazon Web Services rose by 17% in the first quarter to $25bn, while operating profit increased by nearly 84%. support cloud computing and AI investments.
