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860 Amazon Ups AI Capex Ante

The Information
Martin Peers @ The Information · 02/06/2025 20:00 EDT

Amazon is upping the ante in tech’s great capex stakes. The commerce cloud giant’s CEO, Andy Jassy, intimated Thursday, as the company reported fourth-quarter earnings, that it would spend around $100 billion on capital expenditures this year. That’s up around 29% from what Amazon spent in 2024, and roughly $20 billion to $25 billion ahead of what fellow cloud firms Microsoft and Google each plan to spend this year. And as with those firms, most of the money is going to artificial intelligence–related spend

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