Jassy Cracks Down on Studio Spending, Plus A New Potential Cloud Restriction 7/5/23

Amazon CEO Andy Jassy’s tenure has been characterized by greater fiscal discipline, and now he’s reportedly looking to streaming as a way to cut costs – taking a hard look at the finances of producing pricey original like “Rings of Power” and “Citadel” despite mixed ratings. Plus, Chinese companies have been exploiting loopholes in the U.S. export ban on chips – including by renting access to high-end chips and their compute power through cloud companies like Amazon’s AWS and Microsoft’s Azure. A new Biden administration restriction could curb that.