Amazon.com Inc. (NASDAQ:AMZN) announced that its generative AI business has reached a “multibillion-dollar” revenue run rate, during the post-Q1 earnings call on Tuesday. What Happened: Amazon CEO Andy Jassy revealed the significant achievement during the company’s Q1 2024 earnings call. The company’s generative AI business has been witnessing robust demand, with customers expressing interest in leveraging AI to transform their businesses and enhance customer experiences, Jassy said on the call. Amazon’s cloud computing business, Amazon Web Services (AWS,) is already growing faster than the co…
