AMAZON JUMPS AS AI, RETAIL STRENGTH POWER REVENUE GROWTH
NEWS Desk Global
On Friday, shares of Amazon experienced a significant surge of 7% following of higher-than-expected sales during the holiday quarter. Additionally, the company's lucrative cloud business showed promising early gains attributed to AI-powered features.
Amazon has joined other tech giants like Microsoft in reaping the rewards of substantial investments in AI technology. This success underscores the growing importance of AI-driven initiatives across various sectors. Furthermore, Amazon has outlined plans for increased spending in 2024 to further develop this highly anticipated technology, signaling its commitment to staying at the forefront of innovation in the industry.
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