With a $48 billion investment pledge for India by 2030, CEO Andy Jassy noted that the company's quick commerce segment is doubling each quarter, emphasizing that artificial intelligence will change jobs instead of eliminating them. On his initial trip to India as CEO, Jassy discussed Amazon's increasing emphasis on AI, cloud infrastructure, and bespoke chips.

"Since 2010, we've committed more than $40 billion to India and plan to invest an extra $48 billion by 2030," Jassy stated, noting that the company perceives "our marketplace business maintaining a very fast growth trajectory.

Jassy stated, “Amazon's rapid commerce sector has been experiencing significant growth. Quick commerce has seen a doubling each quarter. Prime members utilizing quick commerce are shopping three times more often than they were prior to its use.”

He mentioned that a significant portion of the new investment will focus on AI and cloud infrastructure. Jassy mentioned that the majority of the additional $13 billion is allocated for our investments in AI and cloud, highlighting that Amazon's overall investment in
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In response to worries about AI taking jobs, Jassy contended that the technology would change employment instead of removing it.

Describing AI as "the most transformative technology of our lifetime," he stated, "Nearly all our jobs will be altered in some manner and it will inevitably enhance the productivity of nearly every role." Although certain positions will change, he noted that fresh opportunities will arise, stating, "There will be numerous jobs available for individuals in the long run."

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Jassy stated that Amazon has been crafting its own semiconductors for more than ten years to enhance performance and lower expenses on its custom AI chips. The Trainium AI chip provides "approximately 30 percent improved price performance compared to similar AI accelerators," he stated.

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Jassy mentioned that the chips are mainly monetized through Amazon's cloud services, with significant AI firms like Anthropic and OpenAI agreeing to long-term deployments, and he anticipates robust demand from clients in India.