Month: June 2023

Women have shown strength and resilience, making a strong presence in fintech, health tech, biotech, and edtech industries. According to a recent study conducted by Statista, only about 3% of the world's largest companies have female CEOs, despite women accounting for about 25% of the predicted CEO population in Latin America.

Amazon has launched a new generative AI service called Bedrock through its cloud computing platform. The service will offer corporate clients tools to create artificial intelligence applications designed specifically for their business needs. The tools include two large language models called Titan Text and Titan Embeddings and models from startups, including AI21, Anthropic and Stability AI.

Amazon’s President and CEO, Andy Jassy, has outlined his vision for the company's future in an 11-page letter to shareholders. Jassy, who took over from Jeff Bezos in 2021, expressed his confidence in controlling costs and shared his ideas for the future.

American Airlines released its first quarter earnings guidance on Wednesday, revealing higher earnings and costs than anticipated. However, the guidance fell short of expectations, disappointing investors and analysts. American's earnings per share are projected to be between one and six cents, compared to the previously estimated breakeven EPS.