4 Key Takeaways From Amazon’s Earnings Call [Video]

After Amazon (AMZN) reported earnings for the first quarter of 2024 that beat expectations on Amazon Web Services (AWS) and advertising revenue growth, executives spoke in the company’s earnings call Tuesday about the impact artificial intelligence (AI) could have on Amazon’s business going forward, as well as the rollout of ads on Prime Video, among other things.

Many of Amazon CEO Andy Jassy’s comments mirrored things he wrote in his annual letter to shareholders earlier this month, including optimism around AI and the progress Amazon has made in regionalizing its storage network.

Other topics that Jassy and CFO Brian Olsavsky touched on included the growth of Amazon’s grocery segment, the launch of new versions of Amazon Fresh stores, and a smaller concept Whole Foods set to open in New York City later this year called Whole Foods Market Daily Shop.

Jassy said that over 100,000 of Amazon’s selling partners have used at …