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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
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 $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.
5m
Amazon warned of ‘lumpy’ cloud trends. Why these analysts aren’t worried.
Amazon held cloud revenue growth steady when rivals couldn’t. Analysts say the company wouldn’t be spending so much on AI if ...
16h
on MSN
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 ...
Diginomica
4h
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 ...
9h
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 ...
4h
Analysts rework Amazon stock price targets after Q4 earnings surprise
Amazon was that last of the four major hyperscalers to publish December-quarter earnings and 2025 spending plans.
16h
Amazon expects $100 billion of capex in 2025 on ‘once-in-a-lifetime' AI opportunity
Amazon said Thursday it plans to boost its capital expenditures to $100 billion in 2025, as it continues its spending spree ...
19h
on MSN
Amazon Q4 Ad Revenue Climbs 18% but Misses Wall Street Estimates, Total Profit Hits $20 Billion in Holiday Shopping Period
Amazon reported $17.3 billion in advertising sales for Q4 2024, an increase of 18% -- which fell short of Wall Street ...
17h
on MSN
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.
35m
on MSN
Amazon commits ‘huge investment’ to outspend Google, Microsoft in AI arms race
Amazon CEO Andy Jassy announces plans to spend $100 billion on capital expenditure in 2025, with the majority allocated to AI ...
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 ...
2d
on MSN
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 ...
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