Amazon chief executive Andy Jassy on Thursday justified the company's billions of dollars in outlays for artificial intelligence development, saying the investment was necessary to remain competitive.

Amazon.com Inc. has to operate like the “world’s largest startup” as it works to meet demand for artificial intelligence and cut bureaucracy in its ranks, Chief Executive Officer Andy Jassy said in his annual letter to shareholders.

The weather hampers Project Kuiper's launch, and no new date has been scheduled for its first full-scale satellite launch.

Amazon on Wednesday had its launch of the first 27 initial Kuiper internet satellites postponed over bad weather, the launch provider United Launch Alliance said.

Amazon is going into competition with SpaceX, with its Project Kuiper broadband satellite-based internet service intended to rival Starlink. The first launch of Project Kuiper satellites is scheduled for today, Wednesday April 9, and if you’d like to watch along at home then the event will be livestreamed.