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Amazon CEO Andy Jassy urges companies to invest heavily in AI
Amazon intends to spend ~$100 billion on capital expenditures, many related to AI, in 2025, as CEO Andy Jassy lays out a roadmap for the company's future.
Amazon CEO Andy Jassy thinks companies should invest “aggressively” in AI now to reap the full financial rewards in the future. Jassy’s comments come after Amazon announced plans during its fourth-quarter earnings call in February to spend more than$100 billion on capital expenditures in 2025. Jassy said the biggest AI expenses are currently data centers and chips, but he added that, over time, this infrastructure will start to cost less.
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