Amazon plans to increase capital expenditures to US$100 billion this year, mainly for developing AI technology."

Crypto 7x24

2025-02-07 20:22:17

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According to online reports, Amazon said on February 6 local time that it plans to increase its capital expenditures to US$100 billion in 2025, spending approximately US$83 billion last year. Amazon CEO Andy Jasi said in an earnings conference call that most of the capital expenditures were used to develop AI technology by AWS, its cloud computing division. (Interface News)

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