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
Amazon said it expects to spend over $100 billion in capital expenditures this year, making it the latest tech giant to say it's ramping up investments in artificial intelligence infrastructure.
Amazon plans to spend an estimated $100 billion on AI in 2025
Amazon CEO Andy Jassy revealed to investors Thursday that the company plans to spend more than $100 billion in capital expenditures on AWS and AI development in 2025.The Latest Tech News, Delivered to
Amazon plans to spend $100 billion this year to capture ‘once in a lifetime opportunity' in AI
Amazon CEO Andy Jassy speaks during a keynote address at AWS re:Invent 2024, a conference hosted by Amazon Web Services, at The Venetian Las Vegas on December 3, 2024 in Las Vegas, Nevada. Amazon said it plans to boost capital expenditures to $100 billion in 2025,
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.
Amazon shares fall on struggle to keep up with AI demand despite plans for $100B in capital spending
Amazon shares dropped 4% on Friday after CEO Andy Jassy warned the company could face capacity constraints in its cloud computing unit — despite plans to spend $100 billion on capital expenditures this year.
Amazon on pace for $100B+ in yearly capex; Jassy expects cost efficiencies to drive AI demand
Amazon reported $26.3 billion in capital expenditures in the fourth quarter, and the company plans to keep spending at that ...
Amazon to invest billions of dollars into AI in 2025, reveals CEO Andy Jassy
Amazon is gearing up for a massive AI investment, with capital expenditures projected to exceed $100 billion in 2025 ...
Amazon earnings recap: Stock falls as guidance falls short, CFO indicates capex of more than $100 billion in 2025
Amazon's earnings call is today at 5 pm ET. AMZN stock heads into the report up 8% YTD. Investors are focused on cloud demand ...
Amazon cuts workforce diversity reference from annual filing amid Trump-led backlash against DEI
Amazon scrubs references to workforce diversity in annual report while CEO Andy Jassy celebrates Black History Month with ...
Amazon is on track to have 'a really good year': Analyst
TD Cowen Managing Director and Senior Equity Research Analyst John Blackledge joins Catalysts to analyze Amazon's (AMZN) ...
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 ...
Amazon shares slide as weak revenue outlook, AI spending rattle investors
Amazon joined Microsoft and Google parent Alphabet in posting slowing cloud growth in last year’s fourth quarter.
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"Once In A Lifetime Opportunity": Amazon To Spend $100 Billion On AI, Cloud
Amazon on Thursday reported its fourth-quarter net income doubled to $20 billion, with net sales rising 10 percent to $187.8 ...
Amazon's Push to Cut Costs Triggers Fears of Fewer Promotions
Campaign to restructure workforce is capitalizing on a moment when return-to-office policies are more common and the ...