Praveen Paranjothi on Newnex: Amazon is planning to spend more than…

Amazon is planning to spend more than $100 billion over the next…

Praveen Paranjothi · 2024-06-30T20:58:54.000Z

Amazon is planning to spend more than $100 billion over the next decade on data centers, an impressive level of investment even for a company known for its spending ways. The company’s overall capital expenditures decreased last year primarily because it reined in fulfillment and transportation spending, but the share of that spending on infrastructure mostly for AWS has surged. Amazon’s cloud business has long been the company’s profit engine, and AI is expected to catapult demand for cloud computing to new heights. Executives are aiming to take advantage of the AI boom, which relies on cloud services because of the intensive computing resources required. Amazon expects tens of billions of dollars in revenue from AI in the next several years. https://www.wsj.com/tech/ai/amazon-investment-artificial-intelligence-3fc99732?mod=tech_lead_story

Member Login Get Access

Praveen Paranjothi on Newnex: Amazon is planning to spend more than…