SAN FRANCISCO: Amazon and Apple on Thursday reported earnings that topped market expectations, aiming for even better days ahead with the help of artificial intelligence (AI). The e-commerce giant said it made a profit of $6.7 billion in the recently ended quarter, eclipsing earnings forecasts. "It was another strong quarter of progress for Amazon," the company's chief executive Andy Jassy said in an earnings release. "AWS has continued to add to its meaningful leadership position in the cloud with a slew of generative AI releases." "What we're doing is democratizing access to generative AI; lowering the cost of training and running models," Jassy said.

Source: Manila Times August 05, 2023 04:19 UTC