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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,
16h
on MSN
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 ...
1h
Chart of the Week: 2025's monster AI spend is now revealed
This week saw the remainder of the hyperscalers lay out their 2025 AI capex plans. And the investments continue to get bigger ...
1d
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 ...
1d
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.
CRN
20h
AWS Optimistic About Growth Despite Supply Chain, Power Constraints
AWS has already embraced China’s DeepSeek R1 frontier model in Amazon Bedrock and Amazon SageMaker, Jassy told financial ...
MediaPost
20h
Amazon Ad Revenue Climbs 18% To $17.3B
Amazon's online ad business generated $17.29 billion in Q4 2024, the company reported Thursday, with total profits hitting ...
1d
on MSN
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.
7d
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 ...
24/7 Wall St
1d
Live Blog: Will Amazon (AMZN) Soar After Earnings Tonight?
Live Updates Make sure to refresh this page periodically for updates. Amazon Addresses DeepSeek 2:36 pm A Wall Street analyst ...
1d
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 ...
16h
on MSN
Nvidia stock climbs in early trade recouping DeepSeek losses
Nvidia stock rise has helped the chip maker to recoup a large chunk of its losses from the last week, when it witnessed a ...
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