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Amazon profits soared once again in the first quarter of 2024, the company announced on Tuesday – the latest in a series of robust earnings reports for the retail giant. The company attributed the boost to artificial intelligence and advertising sales. Amazon reported overall revenue of $143. 3bn in the first three months of the year – up 13% from the same period in 2023 and surpassing Wall Street expectations of $142. 65bn. The e-commerce giant reported an increase of more than 200% to $15bn, with net income more than tripling to $10.
