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 ...
Andy Jassy Just Delivered Fantastic News for Amazon Investors
AWS continues to lead, cementing deals with high-profile names like Intuit, PayPal, and Norwegian Cruise Line in the fourth quarter, among many more. Jassy has said that Amazon's AI capabilities are ...
‘Downtown runs on people’: Seattle officials bullish on impact of Amazon’s return to office
The health of downtown is a key driver in whether Seattle can attract entrepreneurs and companies from elsewhere in the ...
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 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 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 ...
Amazon CEO on why cloud computing business couldn’t meet market expectations: We could be growing faster, if not for some…
Amazon Web Services is grappling with capacity constraints due to AI chip shortages, impacting growth despite strong demand.
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 ...
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.
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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’s profit is suddenly going through the roof, fueling CEO Andy Jassy’s $100 billion AI spending spree to fight Google and Microsoft
And with that profit engine revved up and feeding an enormous cash buffer, Amazon CEO Andy Jassy is doubling down in the industry's AI infrastructure arms race. Jassy told analysts on an earnings ...