Amazon AI Supermarket and $100B Budget
Quote from Ndubuisi Ekekwe on February 9, 2025, 11:25 AM
Amazon goes big on AI with $100b budget: "As tech giants report quarterly earnings and disclose staggering spending plans for 2025, Amazon has emerged as the biggest spender among its peers, saying the bulk of its $100 billion budget will be dedicated to artificial intelligence initiatives. CEO Andy Jassy is aiming to turn Amazon into an “AI supermarket,” but he’s cautioned that growth could be “lumpy” due to difficulties in securing enough hardware and electricity. Still, Amazon and its competitors’ spending signals they’re not fazed by DeepSeek's low-cost AI model." - LinkedIn News
Amazon goes big on AI with $100b budget: "As tech giants report quarterly earnings and disclose staggering spending plans for 2025, Amazon has emerged as the biggest spender among its peers, saying the bulk of its $100 billion budget will be dedicated to artificial intelligence initiatives. CEO Andy Jassy is aiming to turn Amazon into an “AI supermarket,” but he’s cautioned that growth could be “lumpy” due to difficulties in securing enough hardware and electricity. Still, Amazon and its competitors’ spending signals they’re not fazed by DeepSeek's low-cost AI model." - LinkedIn News