Looking at specific segments, Amazon says North America sales increased 11% year-over-year to $100.1 billion; international revenue rose 16% to $36.8 billion (or increased 11% excluding changes in foreign exchange rates); and AWS (Amazon Web Services) sales jumped 17.5% to $30.9 billion.

From the question of where Amazon is in the AI race to forecasts for the next quarter, here are four key takeaways from the Q2 earnings call.

(Some of) the numbers suggest Amazon is falling behind in AI. For any investors who've not yet heard (or as a refresher for those who have), for the three-month stretch ending in