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Amazon’s profit is suddenly going through the roof, fueling CEO Andy Jassy’s $100 billion AI spending spree to fight Google and Microsoft
Jassy told analysts on an earnings call Thursday that Amazon will spend around $100 billion or more on capital expenses in 2025, up at least 20% from 2024. The "vast majority" of
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.
Amazon doubles down on AI with a massive $100B spending plan for 2025
Amazon is joining other Big Tech companies by announcing huge AI spending plans for 2025. © 2024 TechCrunch. All rights reserved. For personal use only.
15h
on MSN
Amazon on pace for $100B+ in yearly capex; Jassy expects cost efficiencies to drive AI demand
Amazon CEO Andy Jassy says the trends represented by DeepSeek should stoke AI demand long-term. (GeekWire File Photo / Taylor ...
Diginomica
3h
AWS completes the set with slower cloud growth expectations alongside Google and Microsoft. Play the long game, urges CEO Andy Jassy
AWS completes the set with slower cloud growth expectations alongside Google and Microsoft. Play the long game, urges CEO ...
3h
on MSN
Amazon, Like Microsoft, Says It Can’t Keep Up With AI Demand
Amazon.com Inc. warned investors that it could face capacity constraints in its cloud computing division despite plans to ...
Datacenter Dynamics
36m
Amazon 2025 capex to reach $100bn, AWS revenue hit $100bn in 2024
The company posted its Q4 2024 quarterly earnings results this week, which rounded out another strong quarter for its Amazon ...
15h
Amazon CEO says cloud business would have grown faster if it had more AI chips, power, and server components
AWS's growth is slowed by AI chip shortages and server constraints, CEO Andy Jassy said, as the company plans significant capital investment.
Computer Weekly
7h
AWS sees full-year profit and revenue growth as AI and public cloud demand soars
Amazon Web Services (AWS) reports full-year results and reveals capital expenditure toll the AI boom will take on its business in 2025 ...
Cryptopolitan on MSN
55m
Either chips stocks are absurdly cheap or someone is lying – Amazon’s $100M+ AI investment case study
Amazon plans to invest $100 billion in CapEx for 2025, joining other tech giants in AI and data center investments despite mixed Q4 results.
18h
Jassy says holiday shopping season ‘most successful yet for Amazon’
The holiday shopping season was the most successful yet for Amazon and we appreciate the support of our customers, selling partners, and employees who helped make it so. When we look back on this ...
7d
on MSN
DeepSeek is now available via Amazon Web Services. ‘Have at it,’ says CEO Jassy.
The Chinese AI that has taken the internet by storm is now available for application use through Amazon’s cloud, the U.S.
7h
Amazon.com Inc (AMZN) Q4 2024 Earnings Call Highlights: Record Operating Income and Robust AWS ...
Amazon.com Inc (AMZN) reports a 61% surge in operating income and strong performance in AWS and advertising segments despite ...
6d
on MSN
Andy Jassy tells Amazon staff, ‘Why i’m still here after all these years' amid restructuring efforts
Amazon is set to eliminate thousands of middle management positions by March 2025 as part of a broad restructuring effort ...
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