Amazon plans an AI spending spree — joining Google, Meta, and Microsoft

vm_admin
Amazon plans an AI spending spree — joining Google, Meta, and Microsoft

Amazon spent $26.3 billion in capital expenditures last quarter. Its CEO said that amount was “reasonably representative” of Amazon’s 2025 budget.

Amazon (AMZN) is the latest technology giant to announce it will continue spending massive amounts of cash on artificial intelligence, even after Chinese startup DeepSeek’s success.

CEO Andy Jassy said on an earnings call on Thursday that the company’s $26.3 billion in capital expenditures last quarter is “reasonably…

Article Source
https://finance.yahoo.com/news/amazon-plans-ai-spending-spree-133500595.html

Related Posts