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Amazon Doubles Down on AI Spending | San Antonio News
Amazon’s AI push is heating up as the company plans to spend $220 billion this year—up 10% from last year—fueling investments in chips, robots, and satellites. Driven by record-breaking AWS growth (37% year-over-year, fastest in four years) and soaring memory chip costs, CEO Andy Jassy says demand still outpaces supply for years to come. Despite the massive spend, Amazon’s stock rallied after hours, while rivals like Microsoft pleased investors with restrained spending and Alphabet saw a dip after raising its own forecast. With AI and chip divisions each generating over $25 billion and…
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