Amazon wants to spend $100 billion this year for ‘once in a lifetime’ AI opportunity
Posted by:
David Wilson
Amazon has announced a whopping $26.3 billion capex for the last quarter, hinting at an even bigger investment in AI projects in 2025 to stay ahead of rivals like Microsoft and Google. CEO Andy Jassy hinted at a potential $100 billion capex for next year during an earnings call, with a significant portion aimed at advancing AI for Amazon Web Services. This move comes as Amazon’s revenue for the final quarter of 2024 surged by 10% to $187.8 billion. Not falling behind, Google revealed plans to spend $75 billion and Microsoft $80 billion on AI this year. With a commanding 33% market share, Amazon is set to dominate the AI race by making the technology more accessible and lucrative.
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