Matt BrittonFounder & CEO powering AI-driven consumer insights

Why Amazon Will Become the First $2 Trillion Company

Name: Why Amazon Will Become the First $2 Trillion Company
Uploaded: 2018-10-17T21:41:03Z
Channel: Matt Britton
Description: Amazon will hit $2 trillion by quadrupling what Prime members spend, from $1,600 to $6,000-$7,000 per year. The plan: predictive AI that auto-ships…

17 Oct 2018

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Amazon will hit $2 trillion by quadrupling what Prime members spend, from $1,600 to $6,000-$7,000 per year. The plan: predictive AI that auto-ships recurring items like diapers, plus building its own delivery network to compete with FedEx and UPS. Ring gives Amazon access to your home.

Questions this video answers

About $1,600.

$6,000–$7,000.

Ring.

FedEx or UPS (speaker says "buying a FedEx or UPS competitor").

Foreign. How many people in this room are Amazon prime members? It's 100%, right? 100% or maybe 90. And the 10% isn't. You should do it. But Amazon right now, the average spending they're getting from a Prime member is actually around $1,600. And I think they're going to be pushing it to 6, $7,000 in the next two to three years, which is why easily, they're going to be a $2 trillion company. And the reason why is going to get into predictive shopping. They're going to have artificial intelligence that knows that's a mom. She ordered Huggies on the first of the month. For two straight months, we're just going to send her Huggies. Whether she orders it or not, it's actually going to happen. It's going to be at your door, and if you don't want it, you just. They'll pick it up for you. They're looking right now into buying a FedEx or UPS competitor so they can actually build that into their system. They just bought a company called Ring that makes connected doorbells so they can actually get permission, actually go into people's homes. They're just going to make your life easier for you. And because of it, they're going to capture more and more and more of consumer spending.