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Amazon shares fall on struggle to keep up with AI demand despite plans for $100B in capital spending

Summary by New York Post
Amazon said Thursday that it plans to spend $100 billion this year as it continues investing in artificial intelligence – which CEO Andy Jassy called a “once-in-a-lifetime type of business opportunity.”

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New York PostNew York Post

Amazon shares fall on struggle to keep up with AI demand despite plans for $100B in capital spending

Amazon said Thursday that it plans to spend $100 billion this year as it continues investing in artificial intelligence – which CEO Andy Jassy called a “once-in-a-lifetime type of business opportunity.”

·New York, United States
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Android HeadlinesAndroid Headlines

Amazon will spend an ungodly amount of money on AI this year!

Developing AI technology is not cheap at all. It costs billions of dollars to train AI models, and this is why most of the major models being trained are from trillion-dollar companies. Amazon is one of those companies, it’s one of the firms injecting a ton of money into AI technology. According to a new report, Amazon plans to spend $100 billion on AI this year. At this point, there doesn’t seem to be any way of getting powerful AI for cheap. E…

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New York Post broke the news in New York, United States on Friday, February 7, 2025.
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