I am willing to accept he has chops with AWS ( or at least hope he understands what he manages ), but my recent encounters with executive class and AI left me kinda depressed in terms of what they are trying to project and what they, clearly, don't know.
Jassy missed the boat on LLMs quite badly and the only real angle he had left was to use Amazon’s cashflow to buy stakes and buy business for Trainium.
Yes the equity has book value on the way up, but keep in mind when the bubble pops (or even just cools) Amazon will have to book markdowns from the balance sheet that will tank earnings. Thats a story that’s flying below the radar at the moment.
Look at it like this. They had millions of voice interface devices already sitting in some large percentage of (at least US) households.
And they squandered it. Extremely late to the LLM game. Even today the Alexa interface is ridiculously bad.