Amazon CEO Annual Letter: Artificial Intelligence Biggest Tech Breakthrough Since Internet

Amazon CEO Andy Jassy released his annual letter to shareholders on Thursday. Artificial intelligence was the main topic of this letter.

Jassi stated in the letter that artificial intelligence may be “the biggest technological breakthrough since the cloud internet, and perhaps even since the beginning of the internet.

He stated that instead of moving the existing infrastructure to the cloud, which requires a lot of effort to move the infrastructure, the artificial intelligence revolution will be completely built on cloud platforms from the beginning.

“The scale of possible social and business benefits from AI products will surprise us all,” Jassi said in his annual letter.

But he also reminded stakeholders not to underestimate the importance of security in AI. “Customers’ AI models contain some of their most sensitive data,” Jassi said.

Jassi also announced that Amazon is on track to launch the Kuiper Internet satellites later this year and is encouraged by that progress, however, he emphasized that they still have a long way to go. Amazon is supposed to launch a satellite system consisting of 3,200 satellites in this $10 billion project over the next six years.

Amazon’s artificial intelligence programs based on the company’s CEO’s annual letter

Amazon’s CEO stated that the company is focusing its AI efforts on three layers of work:

• Create basic models
• Using existing models
• Using artificial intelligence pre-made programs based on the needs and expertise of the models

Based on Amazon’s five key principles, which include hiring artisans who push the boundaries, the company’s focus in the coming years is on customer problems and building essential tools to accelerate innovation.

Also, among these principles, accepting better technology, regardless of its origin, and learning from failures are also among the main principles of Amazon.

The Amazon CEO also mentioned the company’s commitment to reevaluating cost reductions while increasing the speed at which products are delivered to customers. It is worth mentioning that Amazon fired hundreds of employees of its cloud services unit in April (this month).

“From the beginning of Amazon until now, at no time did we think there would be such opportunities to improve and make our customers’ lives easier,” Jassi said in his annual report.

The full text of Mr. Jassi’s letter is available on Amazon.