Alexa+ launched last year in an "early access" preview, meaning consumers had to join a waitlist or buy a new device to use the service.

CEO Andy Jassy claimed that the demand for Amazon's products has been higher than ever as it continues to invest in AI and cloud computing technology.

By Dawn Chmielewski and Greg Bensinger LOS ANGELES, Feb 4 (Reuters) - Amazon plans to use artificial intelligence to speed up the process for making movies and TV shows even as Hollywood fears that AI will cut jobs and permanently reshape the industry.

SEATTLE — Amazon is widening access to its next-generation artificial intelligence (AI) assistant, rolling out the upgraded Alexa+ service nationwide and making it free for Prime subscribers while off

Market analysts had forecast that Amazon’s capital expenditures would reach about $147 billion this year, mostly due to AI spending initiatives. Amazon Web Services (AWS) unit sales in the quarter tallied $35.6 billion, a 24-percent jump from the same period a year earlier, according to earnings figures.

Amazon is leveraging artificial intelligence to enhance the production of movies and TV shows, promising to trim costs and streamline processes. While AI tools won't replace human creativity, the initiative aims to accelerate production amidst industry concerns about job cuts and AI's impact on creativity.

Plumb is atypical for an Amazon worker in that he’s also running what he describes as a “long shot” bid for Congress in Texas, on a platform focused on stopping the tech industry’s reliance on work visas to “replace American workers with cheaper foreign labor.”

The buy ratings are pouring in on this "Magnificent Seven" stock.