Amazon, now the fifth-ever U.S. company to reach $2 trillion in market value, is planning to spend more than $100 billion over the next decade on data centers, focusing on AI and cloud computing. This investment marks a significant shift for the tech giant, which is known for its substantial spending on retail warehouses. The move comes as Amazon faces heightened competition from Microsoft in artificial intelligence services. Additionally, Amazon will double the value of credits it offers some startups to use its cloud infrastructure, CNBC has learned.
Amazon—now the fifth-ever U.S. company to reach $2 trillion in market value—to invest $100B+ in data centers over next decade, prioritizing cloud and AI infrastructure over e-commerce warehouses. Marks shift in focus for tech giant known for big spending. via @WSJ https://t.co/TTs275rQNc
Over the weekend, Amazon announcing 100B investment in AI and SK Hynix announcing 75B investment in AI through 2028 all while Eli Lilly and Novo spend tens of billions on GLP-1 production There are levels to this Capex
$AMZN Amazon is planning to spend more than $100 billion over the next decade on data centers - WSJ https://t.co/hZQ9ewHiO5 https://t.co/1ogiGLyGDE
Amazon $AMZN plans to spend over $100B on data centers in the next decade, focusing on AI and cloud computing. Source: WSJ [https://t.co/yYbut5188n]
Amazon, Built by Retail, Invests in Its AI Future. The freshly minted $2 trillion company is now investing more on #datacentre infrastructure than on retail warehouses https://t.co/kDKHF5BgrY
"Amazon, Built by Retail, Invests in Its AI Future" https://t.co/aUi1voiVNK "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." https://t.co/w8uwX64aUP
Amazon, Built by Retail, Invests in Its AI Future https://t.co/v896GAt7hx
Amazon—now the fifth-ever U.S. company to reach $2 trillion in market value—is planning to spend more than $100 billion over the next decade on data centers for AI computing https://t.co/eo1CwXwu2U
$AMZN Amazon will double the value of credits it offers some startups to use its cloud infrastructure, CNBC has learned, as the company faces heightened competition from Microsoft in artificial intelligence services.