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On October 31, Amazon.com, Inc. (AMZN) reported strong quarterly earnings, boosting the market and increasing the Nasdaq by 0.61%.
Jeff Bezos once mentioned a breakthrough technology that would shape Amazon's destiny, leaving Wall Street analysts surprised.
Generative AI is a "once-in-a-lifetime" technology, according to Amazon's new CEO Andy Jassy, and is being used to reinvent customer experiences.
At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040, there will be at least 10 billion humanoid robots, priced between $20,000 and $25,000, with a potential worth of $250 trillion.
Key points:
- Amazon's strong quarterly earnings boosted the market
- Generative AI is being used across Amazon
- Elon Musk predicts a future with 10 billion humanoid robots
Author's summary: Amazon's strong earnings and AI technology are shaping the market.
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