Amazon CEO Andy Jassy to everyone talking about AI bubble: I have been following your debate and my answer is …

Amazon CEO Andy Jassy has a clear message for those debating whether AI is over-hyped or creating a bubble. In a letter to shareholders, Andy Jassy said that he has been closely tracking the ongoing discussion around AI’s growth, its long-term returns, and concerns about excessive investment. He said that his “strong conviction, at least for Amazon, is that the answers are no, no, and yes”. Jassy said that the pace of AI adoption is unlike anything seen before, even faster than past shifts like electricity or the internet. “AI may have comparable impact. The difference is that electricity took 40 years to get where it was going. AI appears to be moving ten times faster,” he wrote.