Amazon boosts AI spending by $20B
Amazon increased its capital investments by 20 billion dollars this year, bringing total spending to 220 billion dollars, in order to meet the rising demand for computing capabilities and AI infrastructure. This increase was driven by higher memory chip prices and an escalating need for computational resources. The investments are focused on developing artificial intelligence, robotics, semiconductors, and satellites, with expectations that the supply-demand gap will persist until 2027. Amazon's cloud computing unit, particularly Amazon Web Services, saw a 37% growth in sales during the last quarter, with revenues reaching 200.6 billion dollars and net profit rising to 62.65 billion dollars. This performance has reinforced growth expectations despite reservations about future sales.
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