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Amazon strengthens its results as the AI ​​battle takes shape

Amazon strengthens its results as the AI ​​battle takes shape

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Amazon is perhaps not yet the big winner in the artificial intelligence race between the technology giants. But he is not losing ground either.

The e-commerce titan’s third-quarter results Thursday evening seemed to paint a mixed picture on that front. Total revenue of $143.1 billion increased 13% from the same period last year, beating the 11% growth Wall Street expected. And operating profit soared to a record $11.2 billion from $2.5 billion in last year’s third quarter, beating analysts’ consensus target by almost half. . This has been aided by strong growth in advertising and third-party seller services, both of which offer higher profit margins than Amazon’s more typical retail sales.

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Eleon

With a penchant for words, Eleon Smith began writing at an early age. As editor-in-chief of his high school newspaper, he honed his skills telling impactful stories. Smith went on to study journalism at Columbia University, where he graduated top of his class. After interning at the New York Times, Smith landed a role as a news writer. Over the past decade, he has covered major events like presidential elections and natural disasters. His ability to craft compelling narratives that capture the human experience has earned him acclaim. Though writing is his passion, Eleon also enjoys hiking, cooking and reading historical fiction in his free time. With an eye for detail and knack for storytelling, he continues making his mark at the forefront of journalism.
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