Amazon CEO Andy Jassy to shareholders in annual letter: As leaders, we don’t always see the red tape, but …
[ad_1] Amazon CEO Andy Jassy urged his company to operate like the "world's largest startup" and eliminate bureaucracy in his annual letter to shareholders released Thursday, as the e-commerce giant commits most of its $100 billion in planned capital expenditures to artificial intelligence projects."Builders hate bureaucracy," Jassy wrote in the letter. "It slows them down, frustrates them, and keeps them from doing what they came here to do. As leaders, we don't always see the red tape buried deep in our organizations, but we can sure as heck eliminate it when we do."Amazon CEO says company to invest more into AI as it's of critical importance to its futureJassy, who took over from founder Jeff Bezos in 2021, emphasized the critical importance of artificial intelligence to Amazon's future competitiveness. The company plans to direct a significant portion of its investment […]