Scroll through the pictures below and try to match each desk chair with the platform it’s for sale on: Amazon, AliExpress, or Shein.
The correct answer doesn’t really matter — as John Herrman writes, this is the state of online shopping, where products that look the same are for sale everywhere, often at different prices or by different sellers. Everywhere you look, products are cheap, fast, and anonymous.
“When high profile things happen [like] the assassination attempt a couple of weeks ago, you do see that people shift their attention to news,” Amazon CFO Brian Olsavsky said to reporters, according to Axios. The Olympics have also apparently disrupted consumer spending.
Amazon reported Q2 2024 earnings today.
“The reality right now is that while we’re investing a significant amount in the AI space and [on] infrastructure, we would like to have more capacity than we already have today,” Jassy said on Thursday’s Q2 2024 earnings call. “We have a lot of demand right now, and I think it’s gonna be very, very large business for us.”
Earlier, Jassy said that AWS’ AI business has a “multi-billion dollar revenue run rate.”
AWS earned $26.3 billion in net sales during Amazon’s second quarter — a jump of 19 percent over last year. In Amazon’s Q2 earnings press release, CEO Andy Jassy lauded AWS as a top choice for its AI offerings.
But Amazon’s stock price is down after hours due to lower revenues than expected and disappointing Q3 guidance, CNBC reports.
[businesswire]
