Enterprises have barely begun adopting AI

“The idea is to identify opportunities to buy mature, people-intensive outfits like law firms and other professional services firms, help them scale through AI, then use the improved…”

““The foundation model side is going to be a base layer that's going to be important for all sorts of things,” Gil said, “but importance is different from where value accrues.””

““The M&A market has been stymied,” he said, “so that really decreases the ability of certain companies to find their proper home where they could actually be more useful or impactful.””

“There has never been a trillion-dollar revenue business, and we may have two of them in the next 5-10 years.”

“has emerged as a significant business with a revenue run rate in the tens of billions of dollars and is now profitable in its own right”

“We’re going to invest to continue being the leader. We can fund this plan, and I think it will forever change the size of Amazon. It will forever change our revenue.”