Amazon New CEO Andy Jassy

AI, Amazon and Google

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

Investopedia on MSN · 1d

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.

NBC Los Angeles · 1d

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,

13hon MSN

Amazon CEO Andy Jassy, impressed by DeepSeek, says “we thought that was…”

Amazon CEO Andy Jassy has expressed his admiration for Chinese AI startup DeepSeek, specifically praising its innovative ...

19h

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 ...

1don 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 ...

Yahoo Finance4d

Amazon CEO Andy Jassy says the race to adopt AI is just getting started: ‘This is like three steps into a marathon’

While Amazon’s generative AI efforts haven’t gotten as much attention as OpenAI’s ChatGPT—whose CEO Sam Altman was everywhere in Davos this week—Jassy said his company is building around ...

Amazon Stock Is Down Amid Doubts About Its $100 Billion AI Bet

Amazon said Thursday it plans to boost its capital expenditures to $100 billion in 2025, as it continues its AI investments.

Bisnow7h

Amazon To Spend $100B On AI In 2025 As A Data Center Arms Race Brews

CEO Andy Jassy said growth at the e-commerce and cloud service giant has been hampered by bottlenecks in computing and power ...

6don 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 ...

Amazon set to report earnings after the bell

The company is expected to show strong operating income growth, reflecting CEO Andy Jassy’s efforts to rein in expenses.

CIO Dive8h

Amazon to boost AWS capacity with $100B investment

The company will keep fueling infrastructure spend to support AI and cloud, amid what CEO Andy Jassy described as a ...

1don 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.

15h

Amazon Declines Nearly 3% In Friday Pre-Market: What's Going On?

The shares of e-commerce giant Amazon declined 2.65% in pre-market hours trading on Friday following the company's ...

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