Amazon CEO Pledges AI Investments Will Pay Off As Capital Expenditures Surge 81%
Amazon ceo andy jassy highlights robust growth in aws amid increased investments in generative ai, projecting substantial capital expenditures in 2024 and. Amazon’s capital spending on ai infrastructure is projected at $75 billion in 2024, underscoring its commitment to lead in artificial intelligence through aws. Amazon ceo pledges ai investments will pay off as capital expenditures surge 81%. Up 81% from the year before. Jassy said amazon plans to spend $75 billion on capex in 2024 and expects an even.
Amazon’s capital expenditures jumped 81% in the third quarter from a year earlier. Ceo andy jassy reassured shareholders that the company expects to make money on the investments,. Amazon on thursday said it expected higher capital expenditures for the foreseeable future to help serve the development of ai software. Ceo andy jassy in a call.