We’re already seeing the benefits of AI. Can’t wait until we eliminate the CEO and Board of Directors.
intercst
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Earnings report on Thursday. Looks like they are trying to get out in front of some bad news.
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I believe economists might need to re-think the idea that labor-saving technology leads to new and different jobs.
So last century.
I also thought, well, we can all become influencers and then I realized most of today’s influencers could already be AI.
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Current administration doesn’t allow any discussion of tariff impact. But, $AMZN may be suffering much more due to tariffs than widely understood.
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Slowing economy has to impact spending at Amazon too. Cost cutting is a logical reaction. Reduced operating capacity is logical. But reduced staffing and overhead also makes sense to improve bottom line.
AWS must still have growth potential. Trimming there should be light. Low margin retail remains a challenge.
No. Remember, if you are a manager then you are “corporate”; Also, AWS has been doing rolling lay off, and 3~5% people “performance managed out”…
Royal Caribbean Cruise lines just reported a revenue miss. Median household income must be $70k or so. Below that people are squeezed by inflation. Eating out less, being more selective in spending.
Upper middle class has continued spending. Cruise lines and airlines have been doing well. But we see signs the spending lag is starting to eat into upper sectors too like travel. Amazon will need to be clever to avoid the slowdown.
Interest rate cuts and lower tariffs from new trade deals may help but how long will that take to show up in the numbers? Slower holiday season expected? Wait til Spring?
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Good article from Geekwire, the best source of Amazon news.
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I read “Galetti” note, the operating word is “nimble”. The next one is going to be focused on eliminating “layers”. It is not limited to AWS, the entire silicon valley is eliminating “layers” quietly for sometime. Suddenly, everyone is re-discovering their “coding skills” and want to be “individual contributor”. 
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Honest to goodness chuckle from that.
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I can’t wait for the board to agree to fund a billion dollar project based on an AI print out. AI may provide good ideas but the board still wants experienced staff to check out every aspect of the project. This is due diligence.
Where do the due diligence experts come from? Usually from hiring entry level people, giving them responsibility, and see how they do. Maybe fewer new hires are in the cards but experienced staff is still an essential component of good business.
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Ai will do its own “due dillegence”.
intercst
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Of course! Every baby I have ever known spends some time suckling nibbling on its own toes….
But yes, the AI baby doing its “due diligence”perhaps could go full Oroboros….
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AI may be perfect but I will be surprised to see a board of directors approve a billion dollar investment based on a computer print out. They usually want humans to double check the info. Review technology, talk to customers. And competitors. Review market potential. AI makes it easier but does not remove need for due diligence. One mistake and careers will be on the line.
Imagine the consequences of investing a billion dollars in one of those AI hallucinations!!
The first step will be when AI considers corporate exec bonuses are superfluous.
I forsee a mad dash to pull the plug on the AI computer. LOL