Amazon Bets Big on AI With $100 Billion Investment Plan

Amazon.com (AMZN, Financial) announced on Thursday that it plans to boost its capital expenditures to $100 billion in 2025, up from approximately $83 billion last year. CEO Andy Jassy explained that the majority of the increased spending will focus on artificial intelligence, particularly for Amazon Web Services (AWS), as the company races to meet surging demand for generative AI. Amazon is investing in data centers, networking equipment, and hardware to support its new AI products,…