The real way to tell if Amazon’s AI spending is paying off

What happened: The article examines how to judge whether Amazon's AI spending is paying off, arguing the key indicator may be in the company's warehouses rather than its cloud business, which is where investors focus. Why it matters: The piece suggests investors watching Amazon's AI returns may be looking at the wrong part of the business, with warehouse operations framed as the more important signal.

The article examines how to judge whether Amazon's AI spending is paying off, arguing the key indicator may be in the company's warehouses rather than its cloud business, which is where investors focus.

The piece suggests investors watching Amazon's AI returns may be looking at the wrong part of the business, with warehouse operations framed as the more important signal.