Amazon Q2 profit jumps 35% to $18.2 billion, driven by AI and AWS growth
By
Neha Kumari
Amazon reported a 35 percent jump in quarterly profits Thursday as the e-commerce giant said major investments in artificial intelligence began paying off.
The Seattle-based company posted net profit of $18.2 billion for the second quarter that ended June 30, compared with $13.5 billion in the same period last year.
