Amazon spent close to $23B on R&D in 2017, outpacing fellow tech giants

Amazon driven its prolific 2017, that witnessed the launch of a cavalcade of new services and products, together with $22.6 billion in spending on research and improvement, shirts among U.S. businesses. One of Amazon’s largest R&D attempts in the past few years has been the cashier-less supermarket concept Amazon Go. The company spent 2017 getting the technology, initially declared in December 2016, prepared for prime time before opening the first location in January.   Amazon has invested greatly in its own market-leading cloud computing arm, Amazon Web Services. AWS juiced Amazon’s bottom line in 2017, bringing in $17.4 billion in revenue for the calendar year, a 43 percent jump over its overall in 2017. Amazon’s digital helper Alexa was a fundamental focus last year too. In September, Amazon introduced a next-generation Echo powered by Alexa, in addition to other new devices. This came just a few months later Amazon debuted a touchscreen edition of the smart speaker, the Echo Show. Amazon found its stock rise 57 percent in 2017, crossing the $1,000 threshold for the first time. The company included 225,000 workers in 2017 since it closed the largest deal in its history, ” the $13.7 billion buy of Whole Foods Market.

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