Amazon posts AI-fueled cloud, ecommerce growth, shares jump

Amazon's plan to acquire iRobot for $1.4 billion has been halted by European regulators, despite the company's strong fourth-quarter sales and revenue growth from generative AI features in its cloud and ecommerce businesses. AWS CEO Andy Jassy highlighted the incorporation of generative AI into many of its services, with the expectation that it will drive tens of billions of dollars of revenue in the coming years.
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