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

Amazon (AMZN+0.84%) 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 representative” of what has been budgeted for 2025. If continued, that would put Amazon on…