:max_bytes(150000):strip_icc()/GettyImages-2154451134-a960071f1c934441a5f06cd65b42effe.jpg?w=1024&resize=1024,1024&ssl=1 "Amazon Follows Google, Meta, and Microsoft With Plans To Boost Spending on AI")
Key Takeaways
- Amazon said it expects to spend over $100 billion in capital expenditures this year, with the “vast majority” going to AI for Amazon Web Services.
- The company is the latest Big Tech firm to announce it’s boosting expected AI infrastructure spending this year.
- CEO Andy Jassy said to expect “a lot of leapfrogging” between Amazon and its AI rivals.
Amazon (AMZN) said it expects to spend over $100 billion in capital expenditures this year, making it the latest tech giant to say…
Article Source
https://www.investopedia.com/amazon-follows-google-meta-and-microsoft-with-plans-to-boost-spending-on-ai-8787507