Amazon (AMZN) is set to dramatically increase its artificial intelligence (AI) investments, confirming plans to spend just above $100 billion on AI in 2025. CEO Andy Jassy suggests the company is still working to meet surging demand for its AI capabilities, stating the tech giant currently has "constraints on capacity."
The massive investment places Amazon at the forefront of a significant AI spending race among tech giants. Meta Platforms (META) plans to invest $65 billion, Alphabet (GOOG, GOOGL) has targeted $75 billion, and Microsoft (MSFT) will commit $80 billion to AI development.
Yahoo Finance Tech Editor Dan Howley analyzes Amazon’s spending strategy, exploring how this substantial investment by hyperscalers could reshape the broader tech ecosystem, with clear implications for AI chip manufacturer Nvidia (NVDA).
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