CosmicTaco
CosmicTaco

Amazon's $100 Billion AI Investment Plan for 2025

  • Amazon plans to invest $100 billion in AI initiatives in 2025, surpassing last year's $83 billion. CEO Andy Jassy highlighted the focus on AWS and generative AI.
  • Despite a 10% revenue increase in Q4, Amazon anticipates lower net sales this quarter. The aggressive AI spending aligns with rivals like Alphabet and Microsoft.
  • Amazon's stock dropped 4.05% in after-hours trading, reflecting investor concerns over the high expenditure.

Source: Benzinga, Cnbc

Post image
10mo ago
Jobs
One interview, 1000+ job opportunities
Take a 10-min AI interview to qualify for numerous real jobs auto-matched to your profile 🔑
+322 new users this month
No comments yet

You're early. There are no comments yet.

Be the first to comment.

Discover more
Curated from across