Amazon conference call update: AWS's AI business continues to grow at a triple digit year over year percentage (186.19 -6.54)
- Continuing to lower prices and ship more quickly; unit growth continues to be strong and outpaced revenue growth in the last few months.
- In the process of significantly changing how to inbound items into fulfillment network and subsequently spread them to regional fulfillment nodes; already improved ability to spread inventory across fulfillment centers by 25% year over year.
- Continue to roll out same day delivery facilities; same day delivery an increase of more than 25% year over year
- Continue to innovate in robotics to speed delivery, lower cost to serve and further improve safety in fulfillment network.
- Just entering first broadcast season for Prime Video advertising; generating a lot of advertising revenue today, there remains considerable upside.
- In the last 18 months, AWS has released nearly twice as many machine learning and AI features as the other leading cloud providers combined.
- AWS's AI business is a multi-billion dollar revenue run rate business that continues to grow at a triple digit year over year percentage and is growing more than three times faster at this stage of its evolution.
- Second version of AWS Trainium is starting to ramp up. Will be very compelling for customers on price performance; seeing significant interest in these chips.
- Able to deliver to 95% of first time Amazon Pharmacy customers in the US within two business days, and to 20% of US Prime members within 24 hours. Next year, plan to launch operations in 20 new cities, so nearly half the US will have the ability to have their medications delivered to their door within hours.