Amazon CEO Andy Jassy did a deep dive into his company’s strategy and strengths in his first-ever annual shareholder letter as CEO, in which he highlighted Amazon Web Services, hiring inventors and how to “prepare for failure.”

“Anyone who invents a lot will fail more often than they would like. Nobody likes that part, but it’s part of the territory,” said Jassy, ​​who became Amazon’s president of the CEO in July. “When it’s clear we’ve started something that won’t work, we make sure we’ve learned from what didn’t go well and secure great landing spots for team members who performed well – or your best people.” will hesitate to work on new initiatives.”

Jassy, ​​​​the former CEO of AWS, highlighted key achievements as well as his strategy and vision for Amazon and its AWS cloud business in the letter to shareholders.

[Related: 8 Cloud Computing Trends In 2022: Overspending, Security And Workloads]

Jassy said AWS plays an important role in…

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