Amazon CEO Andy Jassy 4/11/24

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 11 April 2024

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

Amazon CEO Andy Jassy sits down with Andrew Ross Sorkin at Amazon headquarters in Seattle, the morning Jassy published his annual letter to shareholders. In an extended, wide-ranging conversation with Andrew, Andy Jassy discusses AI-enabled transformations (like delivery drones!), building out technology for every part of the tech stack, and streaming sports on Amazon Prime. Plus, Jassy weighs in on regulator scrutiny on the tech industry, as well as in-office work. Plus, Squawk Pod is up for a Webby Award! Vote for us here and support Squawk Pod’s special series, "Charlie Munger: A Life of Wit and Wisdom," featuring our final interview with the Berkshire Hathaway Vice Chair. Andy Jassy - 10:48 In this episode: Andy Jassy, @ajassy Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Michael Santoli, @michaelsantoli Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C NBC producer Katie Kramer.
0:07.0	Today, on Squack Pod.
0:09.0	Amazon CEO Andy Jassy.
0:12.0	I do think that AI is going to transform every customer experience that we know.
0:17.0	Customer experiences like drone delivery?
0:20.0	When you think about what we're doing with drones with Prime Air, you know I think in
0:25.9	several years when they're more pervasive we'll be able to get items to customers in
0:29.3	less than an hour.
0:30.3	Andrew Ross Sorck and sat down at Amazon HQ the morning of Jassie's shareholder letter to talk about innovation and consumers.
0:39.0	People are still buying, they're just being careful about what they shop for.
0:43.7	And then you're seeing a trade down.
0:45.7	We are.
0:46.7	Plus Amazon's approach to in-office work, and Andy Jassie's take on federal regulators
0:52.1	cracking down on mergers.
0:53.8	I think that some of these organizations are making decisions that are outside the bounds of
0:59.2	local.
1:00.2	It's Thursday, April 11th, Squack Pod begins right now.
1:04.6	Stand Becky by in three, two, one, kill please.
1:10.0	Good morning everybody.
1:11.0	Welcome to Squackbox right here on
1:12.8	c. We are live from the NASDAQ market side in Times Square. I'm Becky
	...

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