Amazon sales soar with boost from artificial intelligence

Amazon sales surged once again in the first quarter of 2024, the company announced on Tuesday – the latest in a series of robust earnings reports for the retail giant. The company attributed the boost to artificial intelligence. In a statement accompanying the report, the chief executive, Andy Jassy, said Amazon's continuing focus on AI has "reaccelerat[ed]" the growth rate of Amazon Web Services (AWS), the company's cloud computing sector. The company reported overall revenue of 143.3bn in the first three months of the year – up 13% from the same period in 2023 and surpassing of Wall Street expectations of 142.65bn. "It was a good start to the year across the business, and you can see that in both our customer experience improvements and financial results," he said.