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 ...
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 ...
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 ...
Amazon CEO says cloud business would have grown faster if it had more AI chips, power, and server components
AWS's growth is slowed by AI chip shortages and server constraints, CEO Andy Jassy said, as the company plans significant ...
Amazon shares fall on struggle to keep up with AI demand despite plans for $100B in capital spending
Amazon’s chief executive had predicted the company would spend more in 2025 than the roughly $83 billion it spent last year.
Amazon to invest up to $100 billion 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 ...
100 Billion Reasons to Buy Amazon Stock Hand Over Fist Right Now
Amazon sees AI as a "once in a lifetime" opportunity, according to Jassy. "AI represents, for sure, the biggest opportunity ...
Amazon expands real estate footprint for AI and e-commerce growth
Meanwhile, Amazon appears to be largely satisfied with its corporate office footprint in North America after years of growth.
Amazon CEO says cloud computing growth to be “constrained”
Amazon CEO Andy Jassy has said that the company’s cloud computing growth could be tampered due to constraints in obtaining AI infrastructure and electricity to power data centers.
Amazon profits last year soared, but growth is slowing
Amazon’s increased spending comes after a few years of cost-cutting from the company. Jassy announced layoffs in 2022 that ...
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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 ...
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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 training techniques and inference optimizations. He also highlighted the ...