The massive capex comes as Amazon's cloud and AI rivals up their spending. Google-parent company Alphabet, said on its most recent earnings call that it expects to spend $75 billion on capital ...
Developing AI technology is not cheap at all. It costs billions of dollars to train AI models, and this is why most of the ...
The latest consumer sentiment data showed near-term inflation expectations rose to their highest level since November 2023.
Major U.S. stock indexes slid on Friday as investors digested closely watched monthly employment numbers and a sharp drop in consumer sentiment.
Amazon has agreed to pay nearly $4 million to settle charges that the e-commerce company subsidized its labor costs by taking ...
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Amazon’s chief executive had predicted the company would spend more in 2025 than the roughly $83 billion it spent last year.
Amazon said Thursday it plans to boost its capital expenditures to $100 billion in 2025, as it continues its AI investments.
The Dow, S&P 500 and Nasdaq are falling on Friday as the stock market digests the January jobs report and fears about higher inflation.
Amazon CEO Andy Jassy revealed to investors Thursday that the company plans to spend more than $100 billion in capital expenditures on AWS and AI development in 2025.
Wall Street faces pressure as consumer inflation worries grow and Amazon's outlook disappoints, despite mixed job market data.
Amazon's beat Wall Street's overall expectations with $187.8 billion in net sales, up 10%, and came in well ahead on the ...
Meta, Google, Amazon, and Microsoft are ramping up their AI capex spend, despite investor concerns that it's undermined by ...
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