Amazon Leverages AI To Aid In Finance Operations And Improve Analyses [Yahoo! Finance]
Amazon.com, Inc. (AMZN)
Last amazon.com, inc. earnings: 4/30 04:01 pm
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Source: Yahoo! Finance
The e-commerce giant initially adopted rules-based systems, one of the earliest forms of AI, in its finance organization, which it then augmented with machine learning. Now, generative AI aids finance employees with more complex analyses, the Wall Street Journal reports Also Read: Amazon Plans Major Alexa Overhaul With AI-Powered Features: Report Amazon's finance teams are using generative AI for tasks such as fraud detection, contract review, financial forecasting, personal productivity, rule and regulation interpretation, and tax-related work. Amazon is shifting its focus to AI innovations, driven by its cloud-computing unit Amazon Web Services (AWS) capabilities. The shift has contributed to a surge in companywide sales for the most recent quarter. Amazon expects cash capital expenditures to increase significantly this year due to investments in technology infrastructure, specifically generative AI efforts. Recent reports indicated Amazon is working on a new AI chatb
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AMZN
Earnings
- 4/30/24 - Beat
AMZN
Sec Filings
- 6/27/24 - Form 144
- 6/21/24 - Form 144
- 6/20/24 - Form 144
- AMZN's page on the SEC website