Amazon commits ‘huge investment’ to outspend Google, Microsoft in AI arms race
Amazon CEO Andy Jassy announces plans to spend $100 billion on capital expenditure in 2025, with the majority allocated to AI for AWS, citing it as a crucial business opportunity. Despite robust earnings, Amazon's stock price fell due to concerns over AI investment. Other tech giants like Microsoft, Alphabet, and Meta are similarly increasing their AI spending.
Amazon CEO Andy Jassy announces plans to spend $100 billion on capital expenditure in 2025, with the majority allocated to AI for AWS, citing it as a crucial business opportunity. Despite robust earnings, Amazon's stock price fell due to concerns over AI investment. Other tech giants like Microsoft, Alphabet, and Meta are similarly increasing their AI spending.
