“I was like, ‘Crap, I need some of that.’ They got me and all I had to do was literally hit a button. That’s incredibly valuable,” said Nordstrom at the Milken Institute Global Conference.
“Because of their amazing work, we’ve more than doubled the number of veterans at Amazon since 2013,” Bezos said.
“I want to thank all of the people here for helping us in so many ways,” said Alberg in remarks to the group of about 250 tech leaders. “If you had told me 20 years ago that Madrona would have .3 billion under management, we would have a team of 35 people and that we would have invested in over 100 companies, I probably would have said you are crazy. But, 20 years later, that is what has happened.”
“In terms of partnership and friendship, I want to say that China and the United States are the two big countries in the world. We have to understand each other by learning from each other, especially through cultural exchanges,” Zhang said.?
“Americans increasingly turn to multipurpose devices such as smartphones and tablet computers – rather than dedicated e-readers – when they engage with e-book content,” explained the Pew researchers in a summary of their findings. “The share of e-book readers on tablets has more than tripled since 2011 and the number of readers on phones has more than doubled over that time, while the share reading on e-book reading devices has not changed.”
“China urgently needs a system to detect early diabetic retinopathy, which can save many people from future vision loss,” Fong said.
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“High margin businesses have been around forever in lots of industries, and they are obviously a very valid and successful business model. It is just not ours. It is radically different to run a 60 to 80 percent gross margin business then a high volume, low margin business. And, if you believe like we do, that the vast majority of computing is moving to the cloud over the next 10 years, it stands to reason that cloud computing is going to be a high volume, low margin business. If you run a high volume, low margin business … you think about your pricing differently, you think about your cost structure differently, you think where you spend your innovation cycles differently…. Now, Amazon, every business we run is a high-volume, low-margin business. We like those businesses. We are very comfortable running them. And we have that DNA. I think most of the old-guard technology companies, who are running 60 to 80 percent gross margin businesses, don’t like those businesses and that’s why the are pushing the private cloud so hard, because it doesn’t disrupt their existing business models. But, I think those companies over time will see, that the world is moving in the direction that AWS is pointing. And then it will be interesting to see how many of those companies will be good at operating high-volume, low margin businesses, because you don’t flip a switch over night and become great at operating high-volume, low-margin businesses. They are completely different operating characteristics.”
“Innovation is one of our guiding principles at Amazon, and it’s created hundreds of thousands of American jobs. These jobs are not just in our Seattle headquarters or in Silicon Valley—they’re in our customer service network, fulfillment centers and other facilities in local communities throughout the country,” said Jeff Bezos, Amazon Founder and CEO. “We plan to add another 100,000 new Amazonians across the company over the next 18 months as we open new fulfillment centers, and continue to invent in areas like cloud technology, machine learning, and advanced logistics.”
“I came to the store because I am in a hurry. I need to get this right now because I have an event in the evening. That is why I didn’t get it online.
“If you turn 0 apartments into ,500 apartments, none of the people who are at the bottom of the spectrum can afford to live anymore,” Hanauer said, speaking at The Playbook, a new GeekWire event in Seattle presented by Lane Powell. “It’s pretty simple math.”