Amazon Web Services CEO Matt Garman talks about Agent AI
good morning. Amazon Web Services is reportedly going to launch AI Agent Marketplace tomorrow AWS Summit In New York City. That too Kilo has just been announceda new Agent IDE (“Integrated Development Environment” or Software Application for Developers) and is expected to eventually deploy web-based, AI-powered ALEXA.com this summer.
Amazon already has many AI products and 8 billion dollar investment in humanityAWS CEO Matt Garman has confirmed that the company will delay its rivals when it comes to product deployments. “We didn’t have some devourable things that you could get out there right away,” he recently insisted that the strategy was by design.
“We took the approach of putting ourselves in our customers’ shoes,” Garman explained. “We don’t necessarily have a way to put the product out first, but how do you think about helping customers build this baseline so that excellence doesn’t endanger them?
“Our enterprise customers are now building real applications that provide real value to them,” he said.
Garman argues that “the opportunity and the speed of technology change in front of us is very high.” The challenge for leaders, he says, is focusing on security and operational excellence. And for Amazon? “Make sure you plan two, three, four, five years for capacity,” and boss Andy Jussy recently warned staff. AI-induced job reductionGarman started with AWS AS Internship 20 years ago“I couldn’t have any more exciting time to become an intern,” he says. In his view, “These tools can instantly promote some of the more interesting jobs that may not have been able to be done before.” News below.
Contact the CEO daily via Diane Brady diane.brady@fortune.com
Top News
Trump is not done in Putin
The president gave Phone interview Late last night to the BBC – literally lifting the BBC reporter out of bed – Trump said he was “not finished” with Russian Vladimir Putin, but repeatedly stated that he felt the Russian leader misunderstood him. “I’m disappointed with him, but I’m not finished with him, but I’m disappointed with him,” Trump said. “We have a great conversation. They say, ‘That’s good, I think we’re approaching getting it done.” Previously, Trump gave Putin for 50 days to end the war, or faced 100% tariffs.
Trump: “I hardly trust anyone.”
Undoubtedly, the most notable part of the BBC Trump interview is where reporter Gary O’Donoguet is Ask Trump If he trusts Putin and the president responds, “I trust almost no one… I trust to be honest with you.” The long pause between these two phrases seems to be talking volume at first glance.
If Fed Powell is fired, expect a “collapse”
German banks I’ve published a note Discussing the possible market response for Trump has successfully eliminated Jerome Powell from the US Federal Reserve. “I believe the market response will be big,” says the memo. “The empirical and academic evidence regarding the impact of loss of central bank independence is pretty clear. In extreme cases, both the currency and the bond market could collapse. Trump is trying to use it Mysterious allegations The reason for the Fed to defend Powell is whether it follows local rules in refurbishing its headquarters.
Apple will launch foldable phones, UBS says
Folding iPhone Prices may be set Between $1,800 and $2,400, it could be Apple’s most expensive phone to date.
Q2 revenue can be said about customs duties
Some of the largest US banks and companies, from JPMorgan to Netflix, are expected to report quarterly revenue this week. This is the way They could serve as a sign of someone who is actually carrying the duties.
Musk believes BYD is winning the EV race
There is on FT longread About the Chinese manufacturers are currently on the verge of surpassing Tesla.
Nvidia resumes sales in China
“The US government has assured NVIDIA that the license will be granted, and Nvidia hopes to start deliveries soon,” the company said. The reboot came personally after CEO Jensen Huang I insisted To President Trump.
Kenvue CEO resigns
Kenty CEO Thibaut Mongon Resignation Suddenly, board director Kirk Perry was tentatively replaced by him on Monday. Mongon’s departure from the parent company of brands like Tylenol and Band-Aid is because activist investors demand stronger growth from Fortune 500 companies.
Every Friday morning, the weekly Fortune 500 Power Moves column tracks the Fortune 500 Company C-Suite Shift –See the latest edition.
New RTO Mandate at Starbucks
Starbucks CEO Brian Nicole announcement Monday’s new policy requires that corporate employees move their company’s “people leaders” to their office locations in Seattle or Toronto within a year, at least four days a week. “We are reestablishing the culture within our office because we do our best when we are together,” Nicole wrote in a letter to employees.
market
S&P 500 Futures Yesterday, pre-marketing gains of 0.31% and underlying index rose 0.65%. Hong Kong Hang Sen This morning it increased by 1.6%. Japan Nikkei 225 Increased by 0.55%. Stoxx Europe 600 0.3% has been added for early trading. UK FTSE 100 It was a flat early trading session, but for the first time I was ready to surpass the 9,000 level. Bitcoin $116K sinking 2.56%.
From an analyst
Deutsche Bank of Bitcoin: “Volatility remains unique, but … Bitcoin’s integration into the portfolio is mature and could potentially show a more sustainable trend beyond previous cases of short-term market speculation.”
Pantheon Macroeconomics on the US Economy: “The economy will be slower further in the second half, with annual GDP growth likely to drop by about 1%, from about 11/2% in the first half. Real post-tax revenues will stagnate, and rising economic policy uncertainty will put pressure on investment and exports.
Motley Fool Asset Management on Copper Duties: “It is argued that the new copper tariff will help the competitive advantage of American participants in the sector, but we will not do that. There are only two smelters in the country. It will take more than five years to add another capacity.
Around the water cooler
Amazon’s Prime Day celebration summary lacked one key indicator that the tech giant usually reveals Jason Down
Goldman Sachs doesn’t need to hire a $180,000 software engineer. Preston Fore
“Gen Z Stare” is more than a tiktok trend. It’s a real problem in the workplace and the job marketNick Lichtenberg and Fortune Intelligence
CEO Daily has been edited and edited by Joey Abrams and Jim Edwards.