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CLAIM #7290 · Amazon.com Inc (AMZN) · 2023Q3 earnings call · Oct 26, 2023 · due Dec 31, 2025

We have a very substantial investment of additional robotics initiatives, I would say many of which are coming to fruition in 2024 and 2025 that we think will make a further additional impact on the cost and productivity and safety and our fulfillment service.

Andrew Jassy · CEO

CANNOT_DETERMINE
versus commitment · official band 5 percent
Committed
additional robotics initiatives...coming to fruition in 2024 and 2025 that we think will make a further additional impact on the cost and productivity and safety and our fulfillment service
Reported
we have over a million robots today in our fulfillment network

In context

top of it or maybe they don't have to do all that work themselves. I think people are looking for automated ways to understand developer environments and be able to ask any question on the developer environment. So there's a lot more. It's going to be a long time before we run out of services. And yes, I think it's a good thing to look toward the next few months in re:Invent to see the additional things that team launches. I think on the robotics piece, it's a very significant investment for us. It has been for several years. It's made a huge difference for us. It's made a big difference for us both on the productivity side, on the cost side as well as importantly on the safety side where we can have our teammates working on things that are even safer than what they get to work on today. We have a very substantial investment of additional robotics initiatives, I would say many of which are coming to fruition in 2024 and 2025 that we think will make a further additional impact on the cost and productivity and safety and our fulfillment service. Operator: Our next question comes from the line of Eric Sheridan with Goldman Sachs. Eric Sheridan: Maybe one follow-up on AWS and one on the ads business. Andy, would love your perspective. The cloud optimization theme started in the second half of '22 when there were a lot of macro concerns. And then the AI theme really only sort of came to the forefront in the last 8 or 9 months. What's your perspective on how turning the calendar into 2024 and there being a new IT budget cycle could possibly lead us to put the optimization theme in the background and some of the AI theme come more to the forefront when there might be more distinct budgeting around AI as a theme? That would be number one. And then in your ads business, you're approaching $50 billion run rate and it's compounding in the

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SEC filings for AMZN · Claim quote is verbatim from the 2023Q3 earnings call.