During a call with analysts on Thursday, Amazon CEO Andy Jassy said capital expenditures for the quarter came out to $26.3 billion, most of which was geared towards AI and AWS. “We think virtually ...

Amazon’s AI spending aligns with trends seen across the tech industry. Meta CEO Mark Zuckerberg recently revealed plans to invest “hundreds of billions” in AI over time. Alphabet increased its 2025 ...

The rise of artificial intelligence in finance has led many investors to question whether AI-powered tools like ChatGPT can ...

The expected $100 billion annual capex, up from $83 billion last year, also includes e-commerce warehouses and offices.

Amazon's cloud and ad divisions are key contributors to its record profit. But the tech giant keeps the full picture murky.

The massive capex comes as Amazon's cloud and AI rivals up their spending. Google-parent company Alphabet, said on its most recent earnings call that it expects to spend $75 billion on capital ...

Amazon shares dropped Friday and some analysts lowered their price targets amid concerns about the tech giant's plans to ramp ...

The e-commerce giant is pulling ahead of rivals in the AI investment race with plans for more than $100 billion in capital expenditures this year.

Amazon on Thursday reported better-than-expected revenue and profits for the holiday shopping period, but its stocks dipped ...

As Amazon continues heavy investment in AI infrastructure, the company's CEO said the AI business is growing at a ...

In the fourth quarter of 2024, Amazon allocated $26.3 billion for capital expenditures, which CEO Andy Jassy mentioned is “ ...

Amazon CEO Andy Jassy revealed to investors Thursday that the company plans to spend more than $100 billion in capital ...