Amazon CEO takes aim at Nvidia, Intel, Starlink, more in annual shareholder letter | TechCrunch

Image for article Amazon CEO takes aim at Nvidia, Intel, Starlink, more in annual shareholder letter | TechCrunch
News Source : TechCrunch

News Summary

  • Amazon CEO Andy Jassy wrote an annual letter to shareholders.
  • In it, he takes aim at Nvidia, Intel, and his own home-grown AI chips.
  • Jassy says Amazon’s chip business has hit a $20 billion annual revenue run rate.
  • But if Amazon were a chipmaker that sold its wares to others, it would be at $50 billion ARR, he postulates.
  • He talked up other Amazon businesses, too, like same-day delivery, groceries, and drones.
Amazon CEO Andy Jassys annual shareholder letter reads something like a Kendrick Lamar diss track, if the rapper was a corporatespeak talking CEO and not a poetic Pulitzerprize winning musician. [+3559 chars]

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