This Big Tech Company Is the Latest to Double Down in the AI Race
Remember when Amazon (NASDAQ: AMZN) was best known for selling books online? Honestly, it doesn't seem like it was that long ago. But over the last two decades, Amazon has transformed from an online bookseller to a technology behemoth.
The company dominates the e-commerce sector. There is almost nothing you can't find available for purchase (with free shipping) on Amazon. In addition to its online marketplace, Amazon also produces movies and television, and it has a budding advertising business that is definitely giving its competition reasons to worry.
Amazon conducted its annual meeting of shareholders this week. And while management applauded themselves about all the progress the company has made across its core business segments, shareholders seemed laser-focused on one topic: artificial intelligence (AI).
Source Fool.com
