Amazon.com, Inc. (NASDAQ:AMZN) Q2 2023 Earnings Call Transcript August 3, 2023
Amazon.com, Inc. beats earnings expectations. Reported EPS is $0.65, expectations were $0.34.
Operator: Good day, everyone, and welcome to the Amazon.com Quarter Two 2023 Financial Results Teleconference. [Operator Instructions]. For opening remarks, I will be turning the call over to the Vice President of Investor Relations, Dave Fildes. Thank you, sir. Please go ahead.
Dave Fildes: Hello, and welcome to our Q2...
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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.
Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.
At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.
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Put another way, that’s roughly equal to:
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Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.
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