Amazon plans to spend $100 billion this year to capture ‘once in a lifetime opportunity’ in AI
Publishing timestamp: 2025-02-06 23:55:04
Summary
Amazon plans to boost capital expenditures to $100 billion by 2025, largely driven by investments in artificial intelligence. Other tech companies like Google, Microsoft, and Meta are also investing heavily in AI. Amazon's CEO reassured investors that the increased spending will be worthwhile, despite weaker-than-expected sales projections for the current period. Markets were affected by the success of Chinese AI startup DeepSeek, which claimed to rival OpenAI's model with significantly lower costs.
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